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223 N Pearl Street

Waverly, IL 62692
  • $125,000
  • STATUS: Active
  • ON SITE: 284 Days
  • ID#: 25046413
UPDATED: 79 min ago
$125,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1890
County:

School Ratings & Info

Description

Located on the charming town square in Waverly, this 7,000 sq ft commercial property offers a rare blend of historic character and functional space, just 30 minutes from Springfield with convenient highway access. The property consists of two connected two-story buildings, with the south building dating to 1890 and the north building built in 1901, each contributing timeless appeal and solid construction. The property is currently operating as a business and generating income, providing immediate value for a new owner. With approximately 3,500 sq ft per level, the layout is well-suited for a variety of uses, including professional offices, restaurant or café operations, boutique retail, or a multi-use business concept. The main floor is fully equipped and ready for continued operation, while the upper level offers a flexible, unfinished space ideal for expansion, whether additional offices, studio space, or storage. Interior features include classic wood flooring, durable brick and metal siding, and an impressive collection of commercial-grade kitchen equipment such as a built-in grill, double freezers, vented exhaust fans, wine/bar refrigerator, dishwasher, and ovens. Additional amenities include central air, forced-air heat, ceiling fans, full utility connections, and accessibility features such as a ramp entrance and wide doorways. Situated on a 0.15-acre lot in a highly visible, high-traffic location, this property offers excellent exposure and long-term potential. A unique opportunity for entrepreneurs, investors, or business owners seeking a move-in-ready commercial space with room to grow. All offers welcome.

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Listing information © 2026 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2026-04-21T07:39:49.45.

Hartmann Realtors Inc.: (618) 344-7900
www.hartreal.com/homes/165734309
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223 N Pearl Street Waverly, IL 62692

  • Price: $125,000
  • Status: Active
  • On Site: 284 Days
  • Updated: 79 min ago
  • ID#: 25046413
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1890
Built
Neighborhood:
Not in A Subdivision
County:
Morgan
Property Description
Located on the charming town square in Waverly, this 7,000 sq ft commercial property offers a rare blend of historic character and functional space, just 30 minutes from Springfield with convenient highway access. The property consists of two connected two-story buildings, with the south building dating to 1890 and the north building built in 1901, each contributing timeless appeal and solid construction. The property is currently operating as a business and generating income, providing immediate value for a new owner. With approximately 3,500 sq ft per level, the layout is well-suited for a variety of uses, including professional offices, restaurant or café operations, boutique retail, or a multi-use business concept. The main floor is fully equipped and ready for continued operation, while the upper level offers a flexible, unfinished space ideal for expansion, whether additional offices, studio space, or storage. Interior features include classic wood flooring, durable brick and metal siding, and an impressive collection of commercial-grade kitchen equipment such as a built-in grill, double freezers, vented exhaust fans, wine/bar refrigerator, dishwasher, and ovens. Additional amenities include central air, forced-air heat, ceiling fans, full utility connections, and accessibility features such as a ramp entrance and wide doorways. Situated on a 0.15-acre lot in a highly visible, high-traffic location, this property offers excellent exposure and long-term potential. A unique opportunity for entrepreneurs, investors, or business owners seeking a move-in-ready commercial space with room to grow. All offers welcome.
Exterior Features

Carport Spaces 0 Carport YN No Construction Materials BrickMetal Siding Fencing None Foundation Details Stone Lot Size Source Public Records Number Of Drive In Doors 0 Number Of Loading Docks 0 Road Frontage Type City Street Waterfront YN No

Interior Features

Appliances DishwasherExhaust FanFreezerBuilt-In FreezerInstant Hot WaterIce MakerIndoor GrillMicrowaveOvenRangeRange HoodBuilt-In RefrigeratorFree-Standing RefrigeratorVented Exhaust FanWater HeaterBar Fridge Cooling Ceiling Fan(s)Central Air Flooring Wood Heating Forced Air Main And Upper Level Bathrooms 0 Main And Upper Level Bedrooms 0 Stories Total 2

Property Features

Accessibility Features Accessible Approach with RampAccessible Common AreaAccessible DoorsAdaptable Bathroom Walls Association Southwestern Illinois Board of REALTORS Auction YN No Building Area Total 7000 Building Features BasementBathroomsDelivery DoorFront DeskKitchen FacilitiesPatioStorageWi-Fi Business Type Food & BeverageHospitalityRestaurant Current Use Restaurant Disclosures None Electric Ameren Gross Income 405000 Listing Terms CashConventional Ownership Type Private Possession Close Of Escrow Possible Use OtherProfessional/OfficeRestaurant Property Sub Type Business Special Listing Conditions Standard Tax Annual Amount 1033 Tax Exempt YN No Tax Legal Description RNG/BLK: TWP:0 SECT/LOT: CITY OF WAVERLY ORIGINAL TOWN 10FT S PT LT 7 AND 34FT N SD LT 8 BLK 13 Tax Year 2024 Topography Flat Utilities Electricity ConnectedPhone ConnectedSewer ConnectedWater Connected

Listing provided courtesy of Tarrant and Harman Real Estate and Auction Co: 618-433-9436. Listing information © 2026 Mid America Regional Information Systems, Inc.
Listing information © 2026 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2026-04-21T07:39:49.45.

Hartmann Realtors Inc.: (618) 344-7900
 
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Collinsville IL, 62234