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Listed by Franklin Petersonof O'Neil Property Group, LLC
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Est. payment /mo
Price Dropped by $25K
8 E Railroad ST Sandwich, IL 60548
24,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 24,000 sqft
MLS Listing ID 12556096
Year Built 1898
Annual Tax Amount $21,069
Tax Year 2024
Lot Dimensions 61 X 92
Property Sub-Type Mixed Use
Property Description
**Recent Appraisal Sept 2026 that supports asking price As-Is, with As-Stabilized value at $1,150,000 Upside Potential**. Proudly offered for sale is this 10-unit mixed-use building located in the heart of downtown Sandwich, IL-widely recognized as the home of the Sandwich Fairgrounds and a premier Midwest antique destination. The property features nine second-floor apartments and a substantial first-floor antique retail space. Encompassing approximately 24,000 SF, it stands as the largest building in downtown Sandwich and a cornerstone of the community's history and identity. Numerous updates have been completed, including a new roof (2019), unit and common area renovations (2019-2025), and a heat retrofit (2025), among others. Tenants pay electric and gas including heat, landlord pays water, sewer, garbage, common area electric. Easy to tour. Broker owned. Financials available upon request.
Location
State IL
County Dekalb
Zoning OTHER
Interior
Cooling Exhaust Fan, Window Unit(s)
Flooring Carpet, Concrete, Tile, Vinyl, Wood
Fireplace N
Exterior
View Y/N true
Roof Type Rubber
Building
Foundation Concrete Perimeter, Stone
Structure Type Brick
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.