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Franklin Grove, IL

Franklin Grove, IL Commercial Real Estate for Sale

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Dixon, IL Amboy, IL Oregon, IL

Renovated Estate with Limitless Potential

Updated: Mar 10

Renovated Estate with Limitless Potential

409 N State Street, Franklin Grove, IL 61031

$1,300,000

15,500 sqft · 1.66 AC lot

Multi‑building estate: 1913 renovated main house plus two additional custom‑built homes.
Main house: 10,000+ sq ft, 6 bedrooms, meticulously renovated with historic character and modern amenities.
Carriage house: 2,300 sq ft, full kitchen, king suite with spa bath, private deck, and 5‑car heated garage.
Cottage: 3,200 sq ft, vaulted ceilings, open‑design kitchen, full‑length decks, and garden‑style lower level.
Unique features: Stone cellar with sauna, garden pagoda, water garden with koi pond, yoga lawn, and fruit trees.

This listing looks promising.

Here's a quick look at some key insights for

409 N State Street, Franklin Grove, IL 61031

View Property Analytics

Est. Cap Rate

5.4%
NOI ÷ price
Est. NOI

$70K
Annual
Price @ 7% Cap

$994K
Suggested
Property Type

Single Family Residence
Built 1911

View Property Analytics

Flexible Automotive Workshop Building

Updated: May 19

Flexible Automotive Workshop Building

116 W South Street, Franklin Grove, IL 61031

$129,900

0.13 AC lot

Recently updated with new siding, electrical, plumbing, and heating.
2,400 SF commercial building suitable for various business uses.
Includes two overhead garage doors and a shop/workspace area.
Features a reception area, private office, and private bathroom.
Equipped with mini‑split A/C and a backup generator.

New Dollar General Market Property

New Dollar General Market Property

305 E Lincoln Hwy, Franklin Grove, IL 61031

$1,909,896

10,640 sqft

New construction Dollar General Market with long-term lease.

Corner Lot in Franklin Grove

Corner Lot in Franklin Grove

409 N State Street, Franklin Grove, IL 61031

$1,300,000

Corner lot at Route 38 and State Street.

Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Land Near Franklin Grove, IL

Land Near Franklin Grove, IL

1850 DAYSVILLE Road, Franklin Grove, IL 61031

$89,900

1.65 AC lot

1.65 acre lot with garage, granary, and grain bin.

Based on your search, we've compiled 53 Potential Opportunities for your consideration. Besides 5 Active listings in Franklin Grove, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 44 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Route 52 Self-Storage Facility

Route 52 Self-Storage Facility

672 US Rt. 52 Road, Amboy, IL 61310

$530,000

12,800 sqft · 2.96 AC lot

Self-storage facility near Amboy, IL, with expansion potential.

Route 52 Self-Storage Facility

Route 52 Self-Storage Facility

672 US-52, Amboy, IL 61310

$530,000

12,800 sqft · 2.96 AC lot

Self-storage facility near Amboy, IL, with expansion potential.

Dixon, IL Land For Sale

Dixon, IL Land For Sale

1308 Trail Drive, Dixon, IL 61021

Contact for pricing

0.42 AC lot

Commercial land available in Dixon, Illinois.

Dixon, IL Land For Sale

Dixon, IL Land For Sale

1309 Trail Drive, Dixon, IL 61021

Contact for pricing

0.57 AC lot

Commercial land available in Dixon, Illinois.

Off-Market Properties in Franklin Grove, IL

Consider similar Off-Market properties in Franklin Grove, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

COMMERCIAL (GENERAL)

102 Elm St, Franklin Grove, IL 61031-9500

Value Estimation by Request

108 Lincoln Hwy

COMMERCIAL (GENERAL)

108 Lincoln Hwy, Franklin Grove, IL 61031-9306

Value Estimation by Request

0.23 AC lot

COMMERCIAL (GENERAL)

302 Il Rte 38, Franklin Grove, IL 61031

Value Estimation by Request

0.66 AC lot

2075 Daysville Rd

COMMERCIAL (GENERAL)

2075 Daysville Rd, Franklin Grove, IL 61031

Value Estimation by Request

0.20 AC lot

COMMERCIAL (GENERAL)

116 Ws St, Franklin Grove, IL 61031-9521

Value Estimation by Request

0.08 AC lot

COMMERCIAL (GENERAL)

121 Elm St, Franklin Grove, IL 61031-9500

Value Estimation by Request

0.43 AC lot

COMMERCIAL (GENERAL)

119 Elm St, Franklin Grove, IL 61031-9500

Value Estimation by Request

0.12 AC lot

COMMERCIAL (GENERAL)

1817 Il Rte 38, Franklin Grove, IL 61031-9511

Value Estimation by Request

5.03 AC lot

COMMERCIAL (GENERAL)

106 Spg St, Franklin Grove, IL 61031

Value Estimation by Request

0.35 AC lot

305 Lincoln Hwy

COMMERCIAL (GENERAL)

305 Lincoln Hwy, Franklin Grove, IL 61031-9309

Value Estimation by Request

0.38 AC lot

COMMERCIAL (GENERAL)

131 State St, Franklin Grove, IL 61031

Value Estimation by Request

1.01 AC lot

COMMERCIAL (GENERAL)

105 Elm St, Franklin Grove, IL 61031-9568

Value Estimation by Request

0.18 AC lot

COMMERCIAL (GENERAL)

113 Elm St, Franklin Grove, IL 61031-9788

Value Estimation by Request

0.18 AC lot

COMMERCIAL (GENERAL)

318 Es St, Franklin Grove, IL 61031-9200

Value Estimation by Request

7.96 AC lot

COMMERCIAL (GENERAL)

127 Elm St, Franklin Grove, IL 61031

Value Estimation by Request

0.13 AC lot

COMMERCIAL (GENERAL)

State St, Franklin Grove, IL 61031

Value Estimation by Request

0.60 AC lot

COMMERCIAL (GENERAL)

240 Whitney St, Franklin Grove, IL 61031-7713

Value Estimation by Request

Franklin Grove, IL 61031

COMMERCIAL (GENERAL)

Franklin Grove, IL 61031

Value Estimation by Request

COMMERCIAL (GENERAL)

140 Elm St, Franklin Grove, IL 61031

Value Estimation by Request

Franklin Grove, IL Commercial Real Estate Market Trends and Statistics

Explore 49 commercial real estate for sale in Franklin Grove, IL, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 26,140 square feet of properties for sale, with an estimated market value of $3,209,896.

Sale prices for business properties in Franklin Grove, IL start at $1,300,000, averaging $1,604,948, and reaching up to $1,909,896 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 1,615

Population Growth (5Y) +4.8%

Median Household Income $74,050

College Educated 31.0%

High-Yield Neighborhoods for Investment

Identify Franklin Grove submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
61031	$864.3K

Taxes & Financing

Tax Rate (average for all types) 8.32%

Tax Rate vs County Average 0.11 pp above county avg

Average Loan-to-Value 65.0%

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