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    116 W South St Franklin Grove, IL 61031

    For Sale
    $140,000

    Mixed Use - Franklin Grove, IL

    Type:Mixed Use
    Days on Market:
    15
    Last Refresh:
    Dec 5 at 5:06 pm

    Property Features for 116 W South St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Zoning
    COMMR
    APN
    06090115700200

    Utilities

    Cooling system
    Zoned

    Building Details

    Year built
    1955
    Number of units
    1
    Architectural style
    Other

    Crawford Realty, LLC (815) 285-3444 [email protected]

    Listing agent Vickie Gutierrez (815) 285-3444 License #471001403

    Listing date Nov 21, 2025

    MLS# 12517143 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Well-Maintained Mixed-Use Building

    This well-maintained 2400 sq ft mixed-use building features a reception area, a private office, two large workspaces, and storage areas. It also includes two overhead doors and insulated walls. Recent updates include new siding, electrical and plumbing systems, a heat and A/C split system, and a new generator. The property is located in Franklin Grove, IL.
    Location Intelligence

    Current Use by Public Records

    Pfoutz Electric Services Electrician

    Suggested Use

    Restaurant Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Gym & Fitness Department Store Skin Care Clinic Storage Facility Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Franklin Grove
    County
    Lee
    State
    Illinois
    Longitude
    -89.299097
    Latitude
    41.840552

    Nearby Similar for Sale

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      15,000 SF

      Unique Franklin Grove Lodging Opportunity

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      View Details

    FAQs

    What type of property is this?
    Mixed-use property - 2400 sq ft mixed-use building with recent updates.
    Where is this mixed-use property located?
    The property is located at 116 W South St Franklin Grove, IL.
    What is the asking price?
    The asking price for this property is $140,000.
    What are key features of this property?
    This property features: - Well-maintained 2400 sq ft building ready for immediate occupancy; - New siding, electrical, plumbing, heat and A/C split system, and generator; - Features a reception area, private office, 2 large workspaces, and storage areas
    (815) 285-3444
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    116 W South St Franklin Grove, IL 61031
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    Franklin Grove, IL 61031
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    116 W South St Franklin Grove, IL 61031
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