Price Reduced Listing
8 E Railroad Street,Sandwich, IL 60548
Sandwich, IL 60548
Description
**Recent Appraisal Sept 2026 that supports asking price As-Is, with As-Stabilized value at $1,150,000 Upside Potential**. Proudly offered for sale is this 10-unit mixed-use building located in the heart of downtown Sandwich, IL-widely recognized as the home of the Sandwich Fairgrounds and a premier Midwest antique destination. The property features nine second-floor apartments and a substantial first-floor antique retail space. Encompassing approximately 24,000 SF, it stands as the largest building in downtown Sandwich and a cornerstone of the community's history and identity. Numerous updates have been completed, including a new roof (2019), unit and common area renovations (2019-2025), and a heat retrofit (2025), among others. Tenants pay electric and gas including heat, landlord pays water, sewer, garbage, common area electric. Easy to tour. Broker owned. Financials available upon request.
Details
| MLS # | 12556096 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1898 |
| Days On Site | 249 |
| Listing Provided By | O'Neil Property Group, LLC | Franklin Peterson |
Features
| SQ Feet | 24,000 |
|---|---|
| Story(s) | 3 |
| Units | 13 |
| Zoning | OTHER |
Interior
| Cooling | Exhaust Fan, Window Unit(s) |
|---|
Exterior
| Roof | Rubber |
|---|---|
| Foundation Details | Concrete Perimeter, Stone |
| Construction Materials | Brick |
Utilities
| Electric | Circuit Breakers, Fuses, Separate Meters, Power - 120V |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 21069 |
Area Information
| State | IL |
|---|---|
| County | DeKalb |
| City | Sandwich |
| Zip Code | 60548 |
| Area | Sandwich |
| Listing VS Median (in 60548) | |
Price: $900,000 low | high Med: $399,000 sqft: 24,000 low | high Med: 2,299 $ / sqft: $38 low | high Med: $177 On site: 249 low | high Med: 39.5 | |
Market Activity 60548
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Learn More About This Property
| State | IL |
|---|---|
| County | DeKalb |
| City | Sandwich |
| Zip Code | 60548 |
| Area | Sandwich |
| Listing VS Median (in 60548) | |
Price: $900,000 low | high Med: $399,000 sqft: 24,000 low | high Med: 2,299 $ / sqft: $38 low | high Med: $177 On site: 249 low | high Med: 39.5 | |