Description

Address: 140 & 142 W Broadway, Sparta, IL 62286

Located in the heart of town, this property offers both steady income and outstanding potential. The main structure includes six apartment units, 3 efficiency and 3 one bedroom apartments, all currently occupied. Many of the units have been updated, providing comfortable living spaces that attract long-term renters. Water and electricity are conveniently included in the rent, simplifying management for the owner.

Next door, the second building adds tremendous flexibility. This structure features a welcoming storefront with excellent visibility and heavy foot traffic—perfect for a retail shop, café, studio, gallery, or office. The versatile layout offers endless possibilities to bring your business vision to life or expand your rental portfolio.

Situated among popular restaurants, boutiques, and local attractions, the property is just minutes from public transportation and parking, making it easily accessible to residents and customers alike. Whether you’re seeking a turnkey investment with consistent rental income or a dynamic space to launch your own enterprise, this rare combination of residential and commercial potential is a truly unique opportunity.

• Age of the home: 1900
• Lot Size: .14 ac  (source: County)
• Utility Providers:
  • Water ~ City of Sparta
  • Sewer ~ City of Sparta
  • Electric ~ Ameren
  • Gas ~ Ameren
• School District(s): Sparta Dist 140
• Drive Times:
  • Belleville -36.5 miles
  • St Louis-51 miles
  • Chester-18.4 miles

Title Company: Randolph County Abstract

Financing: Cash, Conventional

Directions:  GPS friendly. Downtown Sparta, middle of the block on the South side of the road

Legal Description: 140 W Broadway St:418/299 2009R00366 2012R02582 2016R03681 2017R03085 31' W PT LOT 87 BLK 1MC CLURKEN'S ADDITION CITY OF SPARTA 142 W Broadway St:341/582 725/834-836 2020R02917 15' OFF LOT 87 BLK 1 MC CLURKEN'S ADDITION CITY OF SPARTA

Parcel(s): 19-015-001-00, 19-014-002-00

Taxes: 2023 - $3,161.68

P# 1041 /  MLS # 25045553

LISTED by Property Peddler Inc.

Auctioneer/Broker Brad Chandler 618-221-5727