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$259,900 Just Listed
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Property Description
Get started investing or add this mixed use investment property to your portfolio. Located in downtown Leland this building features a first floor retail space as well as two apartments. There is a one bedroom one bath apartment on first floor and a two bedroom one bath apartment on the second floor. Building updates include new windows and new insulation plus a new roof was installed just 2 years ago. Both apartments have been completely updated with new LVP flooring, new drywall, doors, bathroom fixtures and vanities, kitchen cabinets and appliances. The first floor apartment has laundry in the unit, a separate kitchen and a nice sized family room. This unit also has access to the backyard with a fenced in area. The second floor apartment features soaring vaulted ceilings in the primary bedroom and family room. The first floor retail unit is approximately 900 sf. There is a good sized showroom upfront with display windows, a backroom, a kitchenette and a full bathroom with a shower. The building also has a full basement. Each unit is separately metered for electricity. There is one water meter and one gas meter. The retail unit and second floor apartment are occupied by the same tenant. The owner occupies the first floor apartment and will vacate upon sale making this a great opportunity for an owner occupant. This property is being sold as-is.
Full Property Details
Full Property Details for 154-156 E Railroad St
General
- Price: $259,900
- Taxes: $1,373 (2025)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12739298
Interior
- Interior Features: Basement
- Flooring: Vinyl
Additional Information
- Security/Safety: Carbon Monoxide Detector(s)
Location
- Area: Baker / Leland
- County: LaSalle
- Township: Adams
- Driving Directions: N main St downtown Leland to E Railroad Ave then East to the property.
- Location Details: Out of Area
Heating & Cooling
- Cooling Type: None
- Heating Type: Electric
Structural Information
- Construction: Brick, Block
- Exterior Const.: Brick, Block
- Sub-Flooring: Vinyl
- Stories/Levels: 2
- Current Bldg. Use: Commercial
- # of Stores: 1
- Year Built: 1891
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 2
- Units w/Range/Oven: 2
- # Dryers: 1
Lot Features
- Lot Size (Sq. Ft.): 3,845
- Lot Dimensions: 27 x 138 x 28 x 138
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Carbon Monoxide Detector(s)
- Assessment Year: 1891
- Tax Amount: $1,373.76
- Tax Year: 2025
Disclosures and Reports
- Property ID: 408208002
Listed by Coldwell Banker Real Estate Group
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Schools
Schools serving 154-156 E Railroad St
School District:Leland Community Unit School District 1
| Name | Grades | Distance |
|---|---|---|
Leland Elementary School, Leland, IL 370 North Main Street, Leland, IL 60531 | PK-8 | 0.2 mi |
Leland High School 370 North Main Street, Leland, IL 60531 | 9-12 | 0.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Tax History
Tax History for 154-156 E Railroad St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,374
-1%
$15,514
—
2024
$1,386
-3%
$15,514
—
2023
$1,423
100%
$15,514
6%
2022
-100%
$14,636
—
2021
$1,366
-1%
$14,636
—
2020
$1,376
-2%
$14,636
—
2019
$1,399
-2%
$14,636
—
2017
$1,430
1%
$14,636
—
2016
$1,422
—
$14,636
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 154-156 E Railroad St
154-156 E Railroad Street, Leland, IL 60531 (MLS# 12739298) is a Commercial property. 154-156 E Railroad Street is currently listed for $259,900 and was received on August 21, 2026. Want to learn more about 154-156 E Railroad Street? Do you have questions about finding other Commercial real estate for sale in Leland? You can browse all Leland real estate or contact a Coldwell Banker agent to request more information.

