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228 Main Street, 
Savanna, IL 61074

$63,000


Bed


2

Baths


1,410

Sq Ft


Single Family

Active

Listed by

Amanda Barker

Dc Rise Real Estate

815-701-3326

Last updated:

April 30, 2026, 02:41 AM

MLS#

202601680

Source:

IL RAAR

About This Home

228 Main Street

$1,000/month income on a $63,000 purchase price with built-in flexibility for future use. Listed in the residential class for maximum exposure, this unique property offers a rare opportunity to own a mixed-use building featuring two distinct units under one roof in the heart of downtown Savanna. Whether you're an investor, small business owner, or someone looking to live and work in the same space, this property provides both immediate income potential and owner-occupant flexibility. At current rents, the property has been generating $1,000 per month ($12,000 annually), with tenants paying all utilities, leaving the owner responsible only for taxes and insurance (approximately $3,000/year). The rear unit is currently occupied by a long-term tenant on a month-to-month lease, providing continued income. The front unit, approximately 20x30, is a commercial storefront space with excellent Main Street visibility, large display windows, a half bath, and a small break room. This space is currently leased to The Man Cave Barbershop, a well-established local business, through May 31, 2026. Their upcoming vacancy creates a valuable opportunity for a new owner to establish their own business, set new lease terms, or reposition the space for additional income. The rear unit, approximately 20x40, is accessible through a separate hallway and is currently set up as a furnished studio-style space featuring two open areas, an efficiency kitchenette, and a full bath. This flexible space can continue to be used as a residential rental or adapted for commercial use, depending on the buyer’s needs. The unit also includes access to a basement for additional storage. Additional improvements include a new hot water heater (2023) and newer gas-forced air and central A/C systems. Located adjacent to the local movie theater and across from Manny's Pizza in Savanna’s historic downtown district, the property benefits from steady visibility and foot traffic. With one unit providing current income and the other becoming available for owner use or lease-up, this property offers a compelling combination of cash flow, flexibility, and upside potential at an approachable price point. Seller is a licensed real estate agent.

Home Facts

Single Family

2 Baths

Price Summary

63,000

$44 per Sq. Ft.

MLS #:

202601680

Last Updated:

April 30, 2026, 02:41 AM

Added:

a month ago


Rooms & Interior

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

1

Interior

Living Area:

1,410 Sq. Ft.


Structure

Structure

Building Area:

1,410 Sq. Ft.


Lot

Lot Size (Sq. Ft):

1,306


Finances & Disclosures

Finances

Price:

$63,000

Price per Sq. Ft:

$44 per Sq. Ft.

Source:IL RAAR
The information being provided by Rockford Area Association Of REALTORS® (Raar) Mls is for the 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 information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Rockford Area Association Of REALTORS® (Raar) Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.