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1101 W Prospect Street, Kewanee, IL 61443.
Residential Conversion Opportunity in Kewanee | Live/Work Potential. Opportunities like this are rare in Kewanee. Formerly an HVAC sales office, this one-of-a-kind property sits right in the middle of a residential neighborhood and offers something most properties simply cant: flexibility. Zoned R-2, the city will allow conversion to a residential home with proper permits, giving you the chance to design a truly custom living space from the ground up. Prefer to keep it as a business? That option is also on the table with city approval, making this a standout opportunity for entrepreneurs, small business owners, or anyone looking for a live/work setup. Inside, youll find multiple rooms already framed out, a large open front area perfect for a future living space or storefront-style office, and a functional layout that can be reimagined to fit your vision. The full basement adds additional space for storage, workshop use, or future finishing potential. Outside, the detached garage and corner-style positioning give you added flexibility for parking, storage, or expansion ideas. Yes-this property will require vision. But thats exactly where the opportunity lies. Whether youre looking to create a unique home, launch a business, or do both under one roof, this is your chance to build something completely different from the typical listing. Buyers are encouraged to verify all intended uses with the city and obtain any required approvals. Sold as-is.
MLS ID: PA1265984
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1101 W Prospect Street, Kewanee, IL 61443.

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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $55,000 | $55,000 | $55,000 |
| Down Payment | $11,000 | $1,925 | $13,750 |
| Monthly Mortgage Amount | $264 | $324 | $337 |
| Taxes | $77 | $77 | $77 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $24 | $0 |
| Monthly Estimated Total | $441 | $525 | $514 |