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USAILSavanna228 Main Street
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228 Main Street, Savanna, IL

House

For Sale

Listed price in listed location currency (USD).
$63,000

010

MLS® 202601680

  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 1410 sqft
Garage 
Taxes $1,533
Days Active 20
Lot Size 
Approx. Age 1941
Avg. Price Per Sqft $44
MLS® Number 202601680

Property Address: 228 Main Street, Savanna, IL, 61074

Average square foot calculated using Size range provided by listing agent.

Description

$1, 000/month income on a $63, 000 purchase price with built-in flexibility for future use. Listed in the residential class for maximum exposure, this unique property offers a rare opportunity to own a mixed-use building featuring two distinct units under one roof in the heart of downtown Savanna. Whether you're an investor, small business owner, or someone looking to live and work in the same space, this property provides both immediate income potential and owner-occupant flexibility. At current rents, the property has been generating $1, 000 per month ($12, 000 annually), with tenants paying all utilities, leaving the owner responsible only for taxes and insurance (approximately $3, 000/year). The rear unit is currently occupied by a long-term tenant on a month-to-month lease, providing continued income. The front unit, approximately 20x30, is a commercial storefront space with excellent Main Street visibility, large display windows, a half bath, and a small break room. This space is currently leased to The Man Cave Barbershop, a well-established local business, through May 31, 2026. Their upcoming vacancy creates a valuable opportunity for a new owner to establish their own business, set new lease terms, or reposition the space for additional income. The rear unit, approximately 20x40, is accessible through a separate hallway and is currently set up as a furnished studio-style space featuring two open areas, an efficiency kitchenette, and a full bath. This flexible space can continue to be used as a residential rental or adapted for commercial use, depending on the buyer’s needs. The unit also includes access to a basement for additional storage. Additional improvements include a new hot water heater (2023) and newer gas-forced air and central A/C systems. Located adjacent to the local movie theater and across from Manny's Pizza in Savanna’s historic downtown district, the property benefits from steady visibility and foot traffic. With one unit providing current income and the other becoming available for owner use or lease-up, this property offers a compelling combination of cash flow, flexibility, and upside potential at an approachable price point. Seller is a licensed real estate agent.
MLS® Number202601680
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1941
BasementPartial
DrivewayNone
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Rooms

Change to metres

Other:Main Floor30 × 20 ft
Kitchen:Main FloorNot available
Other:Main Floor40 × 20 ft

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 28, 2026List Date
$63,000List Price
  • Commute

Commute

Starting Address
Destination Address
228 Main Street, Savanna, IL

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