Colfax IL Commercial for Sale

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Type:
General Commercial
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1874
Baths:
MLS#:
12161284

ADDITIONAL INFORMATION

Located in the heart of Colfax this 7 unit apartment building is an investors dream! Updated roof in 2024 and long time renters! Leases are up at the end of March 2025 and the financials speak for themselves. Do not miss out on this great opportunity and schedule your showing today!

Type:
General Commercial
Sq.Ft.:
5,487
Status:
Active
Beds:
n/a
Lot size:
0.79 Acres
Year built:
1984
Baths:
MLS#:
11617016

ADDITIONAL INFORMATION

COLFAX - FOR SALE - 10 UNITS - The property is part of the Section 515 program through the U.S. Dept. of Agriculture. The rents are subsidized through this program. All buyers should be knowledgeable and qualified to purchase. Qualified buyers should have working knowledge of these types of government subsidized programs and qualified with the USDA to purchase. Financials available for qualified buyers. This property is being sold as a package with 34 additional units in Gibson City, Illinois. The MLS# for that property is MLS#11617011.

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Andrea D. Conner, License 471020674, Xome Inc., License 478026347, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Ste 100, Lewisville, TX 75067


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Colfax Real Estate

The median home value in Colfax, IL is $110,000. This is lower than the county median home value of $207,300. The national median home value is $338,100. The average price of homes sold in Colfax, IL is $110,000. Approximately 67.1% of Colfax homes are owned, compared to 24.68% rented, while 8.23% are vacant. Colfax real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Colfax real estate agent to arrange a tour today!

Colfax, Illinois has a population of 1,076. Colfax is less family-centric than the surrounding county with 29.46% of the households containing married families with children. The county average for households married with children is 33.65%.

The median household income in Colfax, Illinois is $62,798. The median household income for the surrounding county is $70,339 compared to the national median of $69,021. The median age of people living in Colfax is 34.1 years.

Colfax Weather

The average high temperature in July is 84.4 degrees, with an average low temperature in January of 16.3 degrees. The average rainfall is approximately 36.8 inches per year, with 16.7 inches of snow per year.

Colfax Real Estate Market Conditions

  • Median sales price

    $110,000
    16.3% change since last quarter
  • # Active listings

    5
    30-day change

Colfax Schools and Demographics

Education near Colfax, IL

Metric City County
High School Graduates 95.87 95.99
College Degree - 2 year 10.11 7.92
College Degree - 4 year 22.36 45.61
Graduate Degree 6.59 11.38
Expenditures per Student 16,974 16,974
Students per Teacher 13.2 13.2

Elementary Schools near Colfax, IL

School Grades Students P/T Ratio ZIP
Chenoa Elementary School PK - 04 179 11.3 61726
Lexington Elementary School PK - 06 285 13.3 61753
Ridgeview Elementary School PK - 05 314 15.7 61728
Towanda Elementary School KG - 05 182 17.5 61776
Westview Elementary School PK - 04 410 15.5 61739

Middle Schools near Colfax, IL

School Grades Students P/T Ratio ZIP
Lexington Junior High School 07 - 08 72 14.4 61753
Ridgeview Junior High School 06 - 08 132 22 61728

High Schools near Colfax, IL

School Grades Students P/T Ratio ZIP
Lexington High School 09 - 12 150 8.8 61753
Prairie Central High School 09 - 12 626 13 61739
Ridgeview High School 09 - 12 153 8.5 61728

Demographics near Colfax, IL

Metric City County
Neighborhood Type Suburban
Population 1,076 171,455
Population Density 1,960 145
Median Age 34.1 33.6
People per Household 2.9 2.4
Median Household Income 62,798 70,339
Average Income per Capita 34,559 36,815