223 N Pearl Street, Waverly, IL 62692
- $125,000
Description
Located on the charming town square in Waverly, this 7,000 sq ft commercial property offers a rare blend of historic character and functional space, just 30 minutes from Springfield with convenient highway access. The property consists of two connected two-story buildings, with the south building dating to 1890 and the north building built in 1901, each contributing timeless appeal and solid construction.
The property is currently operating as a business and generating income, providing immediate value for a new owner. With approximately 3,500 sq ft per level, the layout is well-suited for a variety of uses, including professional offices, restaurant or café operations, boutique retail, or a multi-use business concept.
The main floor is fully equipped and ready for continued operation, while the upper level offers a flexible, unfinished space ideal for expansion, whether additional offices, studio space, or storage. Interior features include classic wood flooring, durable brick and metal siding, and an impressive collection of commercial-grade kitchen equipment such as a built-in grill, double freezers, vented exhaust fans, wine/bar refrigerator, dishwasher, and ovens.
Additional amenities include central air, forced-air heat, ceiling fans, full utility connections, and accessibility features such as a ramp entrance and wide doorways. Situated on a 0.15-acre lot in a highly visible, high-traffic location, this property offers excellent exposure and long-term potential.
A unique opportunity for entrepreneurs, investors, or business owners seeking a move-in-ready commercial space with room to grow. All offers welcome.
Address
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Address: 223 N Pearl Street
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City: Waverly
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State/county: IL
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Zip/Postal Code: 62692
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Area: Not in a subdivision
Details
Updated on January 13, 2026 at 8:34 pm-
Property ID 25046413
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Price $125,000
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Property Size 7000 Sqft
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Land Area 0.15 Acres
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Garage Size x x
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Year Built 1890
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Type Business, Commercial Sale
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Property Status Active
Additional details
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Listing Terms Cash,Conventional
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Utilities Electricity Connected,Phone Connected,Sewer Connected,Water Connected
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Cooling Ceiling Fan(s),Central Air
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Heating Forced Air
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Flooring Wood
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County Morgan
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Property Type Commercial Sale
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