412 & 414 S LOCUST Street Delavan, IL 61734 CLS #PA1261454
$295,000 3740 Total Sq. Ft. 3740 Available Sq. Ft.
Available for Purchase.
Excellent opportunity to own a historic building on the square downtown in Delavan. This investment property consists of two retail spaces and one apartment on the main level, and 3 apartments on the upper level of the building. New carports were put in to provide spaces for each unit. All four apartments are currently leased and both retail spaces are currently leased. There is one space still available that the current owners are using for storage that could be added to either retail unit. The building has been well cared for, updated and includes a common laundry room. Current rents are $3,450 per month. Recent improvements include new downspouts/gutters, front foundation and facade (2020), roof was repaired and resealed in 2024, and many windows have been replaced.
Listing Features
Type: Land, Building, Sale/Lease Other Zoning: Business County: Tazewell Water/Sewer: Public Sewer Total Sq. Ft.: 3740 Year Built: 1891 Directions: On the Sqaure in Delavan

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals.

This listing compliments of
RE/MAX Traders Unlimited
Last Updated on 10/18/2025 3:17:17 PM