Get started investing or add this mixed use investment property to your portfolio. Located in downtown Leland this building features a first floor retail space as well as two apartments. There is a one bedroom one bath apartment on first floor and a two bedroom one bath apartment on the second floor. Building updates include new windows and new insulation plus a new roof was installed just 2 years ago. Both apartments have been completely updated with new LVP flooring, new drywall, doors, bathroom fixtures and vanities, kitchen cabinets and appliances. The first floor apartment has laundry in the unit, a separate kitchen and a nice sized family room. This unit also has access to the backyard with a fenced in area. The second floor apartment features soaring vaulted ceilings in the primary bedroom and family room. The first floor retail unit is approximately 900 sf. There is a good sized showroom upfront with display windows, a backroom, a kitchenette and a full bathroom with a shower. The building also has a full basement. Each unit is separately metered for electricity. There is one water meter and one gas meter. The retail unit and second floor apartment are occupied by the same tenant. The owner occupies the first floor apartment and will vacate upon sale making this a great opportunity for an owner occupant. This property is being sold as-is.
Property Details
Price:
$259,900
MLS #:
MRD12739298
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
bakerleland
Listed Date:
Aug 21, 2026
Year Built:
1891
See this Listing
Schools
Interior
Cooling
None
Flooring
Vinyl
Exterior
Construction Materials
Brick, Block
Stories
2
Financial
Tax Year
2025
Taxes
$1,374
Map
Community
- Address154-156 E Railroad Street Leland IL
- CityLeland
- CountyLaSalle
- Zip Code60531
Market Summary
Current real estate data for Commercial in Leland as of Oct 05, 2026
1
Commercial Listed
45
Avg DOM
$259,900
Avg List Price
Property Summary
- 154-156 E Railroad Street Leland IL is a Commercial for sale in Leland, IL, 60531. It is listed for $259,900
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Copyright 2026. All rights reserved.
154-156 E Railroad Street
Leland, IL


