223 N Pearl Street

Waverly, IL 62692

Located on the charming town square in Waverly—just 30 minutes from Springfield with easy highway access—this two-story, 7,000 sq ft commercial property includes two connected buildings full of history and potential. The south building, constructed in 1890, and the north building, built in 1901, offer timeless character with modern opportunity. Currently in operation, the business generates income and offers immediate value to the new owner, making it perfect for entrepreneurs, investors, or business owners seeking a move-in-ready space. With 3,500 sq ft per floor, this spacious property is ideal for use as a professional office, restaurant, boutique retail space, or multi-use business hub. The main floor is equipped and ready for business, while the upstairs level offers a blank canvas for renovation—ideal for expanding your operations, adding an office or studio, or using as generous storage space. The interior features classic wood flooring, durable brick and metal siding construction, and a wide range of high-end kitchen equipment, including a built-in grill, double freezers, vented exhaust fans, wine/bar fridge, dishwasher, and ovens. The property includes central air, ceiling fans, and forced air heat, along with full utility connections and accessibility features such as a ramp entrance and wide doors. Situated on a 0.15-acre lot in the heart of town, this highly visible location offers strong potential for a variety of business uses. All offers welcome!

Listing courtesy of Tarrant and Harman Real Estate and Auction Co


Based on information submitted to the MLS GRID as of 2025-08-21 07:12 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.