Commercial for Sale: 223 N Pearl Street, Waverly, IL 62692

$125,000
$125,000
223 N Pearl Street, Waverly, IL 62692
$125,000
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Price:
$125,000

Type Commercial
Lot Size 0.15 acres
Year Built 1890
Taxes Paid $1,033

City Waverly
County Morgan
Subdivision Not in a subdivision

MLS 25046413
Status Active
DOM 227 days
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.

Lot & Building Features

Appliances Indoor Grill, Built-In Freezer, Instant Hot Water, Built-In Refrigerator, Bar Fridge, Freezer, Vented Exhaust Fan, Free-Standing Refrigerator, Exhaust Fan, Ice Maker, Oven, Range Hood, Water Heater, Range, Microwave, Dishwasher
Construction Metal Siding, Brick
Cooling Ceiling Fan(s), Central Air
Heating Forced Air
Tax Year 2024
Taxes Paid $1,033

Price History of 223 N Pearl Street, Waverly, IL

Date Name Price Difference
07/10/2025 Listing Price $125,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 223 N Pearl Street, Waverly, IL

Location Map Street View
Photo of Dani Shelton
Direct: 314-885-5535
Office
2605 Bellevue Avenue
Maplewood, MO 63143
314-200-5386

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Listed by Tarrant and Harman Real Estate and Auction Co, Amy Quarton
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223 N Pearl Street (MLS #25046413) is a commercial listing located in Waverly, IL. This is a commercial listing with a lot of 6,534 sqft (or 0.15 acres). This property was listed on 01/12/2026 and has been priced for sale at $125,000.

Maris

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Listing information courtesy of: Tarrant and Harman Real Estate and Auction Co

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