Turn-key opportunity in the heart of Colfax! Located at 103 S. Center Street, this unique mixed-use property offers the chance to own an established ice cream shop along with an updated residential space above. The main level is currently operating as an ice cream shop, with appliances and equipment included in the sale, allowing a new owner the opportunity to step in and continue operations. The commercial space also features a newer furnace, brand-new split-unit air conditioning, and automatic interior window shades. Upstairs, you'll find an updated three-bedroom apartment offering excellent flexibility for an owner-occupant, rental income, or additional investment potential. The space also offers the ability for two full bathrooms. Whether you've dreamed of owning your own small-town business, are looking for a live/work property, or want to add a mixed-use investment to your portfolio, this property offers a rare combination of commercial and residential potential.

Colfax is located in Illinois. 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.
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.