Listing provided courtesy of DC Rise Real EstateNorthWest Illinois Alliance MLSMLS# 202601680MLS Provider
  • 93 days on site
  • 74 views

A fresh start on Main Street at an unbeatable price point. After a full cleanout, fresh paint, and recently updated plumbing and electrical, this 1,400 sq ft commercially zoned mixed-use building is ready for its next owner. Situated in the heart of downtown Savanna adjacent to the movie theater and directly across from Manny's, the visibility and foot traffic speak for themselves. This space has been home to a barbershop continuously since the 1970s — the infrastructure is already there and the town is already trained to walk through that door. But the possibilities go well beyond one use. BUSINESS OWNER: occupy the full 1,400 sq ft as one commercial space with excellent Main Street frontage, large display windows, a half bath, and break room. LIVE AND WORK: run your business from the front commercial unit and live in the rear studio, which features two open areas, an efficiency kitchenette, a full bath, and a separate hallway entrance from the front door. INVESTOR: lease both units and generate income at an entry price of $63,000 — previously producing $1,000/month with tenants covering all utilities and owner responsible only for taxes and insurance, approximately $3,000/year. The rear unit also includes access to a basement for additional storage. At $44/sq ft, this is the lowest price per square foot available in Savanna against a market averaging $80-110/sq ft on pending and sold properties. Seller is a licensed real estate agent

Source: NorthWest Illinois Alliance MLS, MLS#: 202601680

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  • Property Type
    Residential
  • Lot
    0.03 acres

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Jim Spence REALTOR®
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  • Median Age
    48
  • Population Density
    55
  • College Educated
    19%
  • Estimated Median Income
    $43,246
  • Estimated Total Home Owners
    1,458
  • Estimated Total Renters
    727
  • Owner / Renter Divide
    67% / 33%
  • Estimated Average Household Size
    2
  • Total Population
    4,299
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 228 Main Street


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/5/2026Source: NorthWest Illinois Alliance MLS Price Reduction
$61,500 -2.4%
3/28/2026Source: NorthWest Illinois Alliance MLS Added to Database
March 28, 2026