Mixed-Use Investment - Retail + Residential Income Potential
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Prime Mixed-Use Commercial Investment Opportunity in Willow Springs
This exceptional 3,448 square foot commercial property at 8216 S. Archer Avenue presents a compelling investment opportunity with strong income potential and strategic redevelopment possibilities. Built in 1954, this established building offers excellent visibility and frontage along high-traffic Archer Avenue (Illinois Route 171) in the heart of Willow Springs.
Financial Performance:
• Annual Revenue: $72,000
• Net Operating Income: $52,000
• Cap Rate: 6.1%
• Annual Operating Expenses: $25,000 (including property taxes, insurance, utilities, and services)
• FF&E Value: $20,000
Property Features:
• Prime location on Archer Avenue with excellent visibility
• 3,448 square feet of flexible space
• Established building with solid rental history
• Multiple income streams potential
Location Advantages:
The property benefits from exceptional connectivity with convenient access to Interstate 294 (Tri-State Tollway), Interstate 55 (Stevenson Expressway), and nearby La Grange Road. This provides efficient access throughout the Chicago metropolitan area, making it attractive for various commercial uses.
Versatile Usage Options:
• Retail storefront operations
• Professional office space
• Mixed-use commercial and residential occupancy
• Investment property for passive income
• Owner-user opportunity
• Redevelopment potential given prime location
Property History:
Historically operated as a multi-family residential rental property and later transitioned to retail/residential mixed-use, demonstrating the flexibility and income-generating potential of this versatile asset.
Investment Highlights:
• Strong cash flow with $52,000 NOI
• High-traffic location on major thoroughfare
• Multiple exit strategies available
• Established tenant base
• Owner retiring - motivated seller
This property represents an excellent opportunity for investors seeking stable income with upside potential through repositioning or redevelopment in a prime Willow Springs location.
This exceptional 3,448 square foot commercial property at 8216 S. Archer Avenue presents a compelling investment opportunity with strong income potential and strategic redevelopment possibilities. Built in 1954, this established building offers excellent visibility and frontage along high-traffic Archer Avenue (Illinois Route 171) in the heart of Willow Springs.
Financial Performance:
• Annual Revenue: $72,000
• Net Operating Income: $52,000
• Cap Rate: 6.1%
• Annual Operating Expenses: $25,000 (including property taxes, insurance, utilities, and services)
• FF&E Value: $20,000
Property Features:
• Prime location on Archer Avenue with excellent visibility
• 3,448 square feet of flexible space
• Established building with solid rental history
• Multiple income streams potential
Location Advantages:
The property benefits from exceptional connectivity with convenient access to Interstate 294 (Tri-State Tollway), Interstate 55 (Stevenson Expressway), and nearby La Grange Road. This provides efficient access throughout the Chicago metropolitan area, making it attractive for various commercial uses.
Versatile Usage Options:
• Retail storefront operations
• Professional office space
• Mixed-use commercial and residential occupancy
• Investment property for passive income
• Owner-user opportunity
• Redevelopment potential given prime location
Property History:
Historically operated as a multi-family residential rental property and later transitioned to retail/residential mixed-use, demonstrating the flexibility and income-generating potential of this versatile asset.
Investment Highlights:
• Strong cash flow with $52,000 NOI
• High-traffic location on major thoroughfare
• Multiple exit strategies available
• Established tenant base
• Owner retiring - motivated seller
This property represents an excellent opportunity for investors seeking stable income with upside potential through repositioning or redevelopment in a prime Willow Springs location.
About the Property
- Type
- Retail
- Building Status
- Established
- Facilities & Assets
- Multi-family residential building. Approximately 3,448 sq. ft. of building area Built in 1954 Two-story structure. Masonry/stone exterior. Built-up roof. Partial unfinished basement. Approximately 4,375 sq. ft. lot (0.10 acres). One building on the parcel. Three residential units (county records classify the property as apartments with 2–6 units)
3–4 bedrooms (public records vary) 2.5–3.5 bathrooms (public records vary) Attached garage with one parking space. Frontage on Archer Avenue. Located in the Mount Forest subdivision. Close to schools, restaurants, and community services - Location Description
- 8216 S. Archer Ave is located in the heart of Willow Springs, Illinois, along Archer Avenue (Illinois Route 171). The property benefits from excellent visibility and frontage on a high-traffic roadway, making it well suited for retail, restaurant, office, or mixed-use investment. It offers convenient access to Interstate 294 (Tri-State Tollway), Interstate 55 (Stevenson Expressway), and nearby La Grange Road, providing efficient connectivity throughout the Chicago metropolitan area.
- Current and Prior Use
- The property is currently being marketed as a mixed-use commercial investment property. The listing describes it as suitable for: Retail storefront Office space, Mixed-usecommercial/residential occupancy Investment or owner-user opportunityRedevelopment opportunity due to its visibility and location on Archer Avenue. Prior Use: Historically operated as a multi-family residential rental property (three-unit apartment building) and later marketed as a retail/residential mixed-use property along Archer Avenue.
- Year Built
- 1954
About the Sale
- Furniture, Fixings and Equipment
- Included in Asking Price
- Current Property Expenses
- Expense Annual AmountProperty taxes approx. (2025) $18,000Insurance $6,000Electric $12,000Trash service $1,500Total reported operating expenses Approximately $25,000/year (as stated in the listing)
Listing Info
- ID:
- 2515103
- Listing Views:
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Listing ID: 2515103 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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