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    307 E 2Nd St Homer, IL 61849

    For Lease
    $7 SF/Yr

    Other - Homer, IL

    Days on Market:
    56
    Last Refresh:
    Dec 6 at 2:06 am

    Property Features for 307 E 2Nd St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    INDUS

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1970
    Number of units
    2
    Architectural style
    Other

    RE/MAX Realty Associate (217) 373-4964 [email protected]

    Listing agent Brandon Moore (217) 373-4964 License #475119265

    Listing date Oct 12, 2025

    MLS# 12489776 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

    Adaptable Commercial Space in Homer

    This versatile commercial space offers 1,181 SF suitable for a storefront, retail shop, office, or other business ventures. The property is conveniently located and features ample on-site parking. An additional 882 SF of loft storage is available, providing added flexibility for inventory, supplies, or operations support. Previously home to the Homer Gun Store and later a local Food Bank, the space has a history of serving the community in multiple capacities. The layout and location make it ideal for businesses such as a Pawn Shop, Flower Shop with delivery services to nearby communities, or Professional Office space. The property owners are open to build-out options to meet specific needs, subject to an agreed-upon lease. Located in Homer, Illinois, this adaptable space offers visibility, accessibility, and potential for business growth.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Auto Repair Shop Kitchen & Bath Grocery Store Food Market HVAC Service Barber Shop Bakery Laundry Service Home Appliance Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Homer
    County
    Champaign
    State
    Illinois
    Longitude
    -87.955313
    Latitude
    40.037102

    FAQs

    What type of property is this?
    Retail space - Versatile 1,181 SF commercial space suitable for various business ventures.
    Where is this retail space located?
    The property is located at 307 E 2Nd St Homer, IL.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: - Move-in ready 1,181 SF commercial space adaptable for storefront, retail, or office use.; - Ample on-site parking for customers and employees.; - Additional 882 SF of loft storage space available for lease.
    (217) 373-4964
    Request Owner's contact information
    307 E 2Nd St Homer, IL 61849
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    Homer, IL 61849
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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
    307 E 2Nd St Homer, IL 61849
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