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223 N Pearl St, Waverly 223 N Pearl St 7,000 SF Retail Building Waverly, IL 62692 $125,000 ($17.86/SF)
EXECUTIVE SUMMARY
Located on the charming town square in Waverly—just 30 minutes from Springfield with easy highway access—this two-story, 7,000 sq ft commercial property includes two connected buildings full of history and potential. The south building, constructed in 1890, and the north building, built in 1901, offer timeless character with modern opportunity. Currently in operation, the business generates income and offers immediate value to the new owner, making it perfect for entrepreneurs, investors, or business owners seeking a move-in-ready space. With 3,500 sq ft per floor, this spacious property is ideal for use as a professional office, restaurant, boutique retail space, or multi-use business hub. The main floor is equipped and ready for business, while the upstairs level offers a blank canvas for renovation—ideal for expanding your operations, adding an office or studio, or using as generous storage space. The interior features classic wood flooring, durable brick and metal siding construction, and a wide range of high-end kitchen equipment, including a built-in grill, double freezers, vented exhaust fans, wine/bar fridge, dishwasher, and ovens. The property includes central air, ceiling fans, and forced air heat, along with full utility connections and accessibility features such as a ramp entrance and wide doors. Situated on a 0.15-acre lot in the heart of town, this highly visible location offers strong potential for a variety of business uses. All offers welcome!
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Building Class
C
Year Built
1890
Price
$125,000
Price Per SF
$17.86
Building Height
2 Stories
Building FAR
1.07
Lot Size
0.15 AC
PROPERTY TAXES
| Parcel Number | 19-11-204-006 | Improvements Assessment | $8,530 (2024) |
| Land Assessment | $1,610 (2024) | Total Assessment | $10,140 (2024) |
PROPERTY TAXES
Parcel Number
19-11-204-006
Land Assessment
$1,610 (2024)
Improvements Assessment
$8,530 (2024)
Total Assessment
$10,140 (2024)
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223 N Pearl St, Waverly | 223 N Pearl St
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