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: 223 N Pearl Street
  • City: Waverly
  • State/county: IL
  • Zip/Postal Code: 62692
  • Area: Not in a subdivision

Details

Updated on January 13, 2026 at 8:34 pm
  • Property ID 25046413
  • Price $125,000
  • Property Size 7000 Sqft
  • Land Area 0.15 Acres
  • Garage Size x x
  • Year Built 1890
  • Type Business, Commercial Sale
  • Property Status Active

Additional details

  • Listing Terms Cash,Conventional
  • Utilities Electricity Connected,Phone Connected,Sewer Connected,Water Connected
  • Cooling Ceiling Fan(s),Central Air
  • Heating Forced Air
  • Flooring Wood
  • County Morgan
  • Property Type Commercial Sale

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