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Active - Mixed Use for sale
Colfax, IL
Facts & features
Why you’ll love it
Turn-key opportunity in the heart of Colfax! Located at 103 S. Center Street, this unique mixed-use property offers the chance to own an established ice cream shop along with an updated residential space above. The main level is currently operating as an ice cream shop, with appliances and equipment included in the sale, allowing a new owner the opportunity to step in and continue operations. The commercial space also features a newer furnace, brand-new split-unit air conditioning, and automatic interior window shades. Upstairs, you'll find an updated three-bedroom apartment offering excellent flexibility for an owner-occupant, rental income, or additional investment potential. The space also offers the ability for two full bathrooms. Whether you've dreamed of owning your own small-town business, are looking for a live/work property, or want to add a mixed-use investment to your portfolio, this property offers a rare combination of commercial and residential potential.
Listings courtesy of Keller Williams Revolution as distributed by MLS GRID.
Listed by: Ryan Leake • Keller Williams Revolution
Co-listed by: Keller Williams Revolution
Source: MRED as distributed by MLS GRID, MLS#: 12756700
Based on info available as of Nov 13, 2026 at 7:32 PM EST.
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Affordability
$1,016/mo
- Mortgage$885
- Property tax$131
- HOA fee
- Homeowners insurance
Beycome estimates only. Actual amounts and terms vary by lender and location.
$3,500 Credit back
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Travel times
About Colfax
This local overview has been generated by Artur AI, for informational purposes only. Please verify all details independently before relying on it.
Flood & climate risk
FEMA Flood Zone A
In a FEMA Special Flood Hazard Area — flood insurance is typically required with a federally-backed mortgage.
More details
Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.
Fire
Storm
Air quality
Pollen
Disclaimer
Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Midwest Real Estate Data may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved.
Based on information submitted to the MLS GRID as of Nov 13, 2026 at 07:32pm EST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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$3,500 Credit back
