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    311 1St Ave Sterling, IL 61081

    Sponsored
    For Sale
    $429,900

    COMMERCIAL - Sterling, IL

    Type:Retail
    Lot size:
    0.15 Acres
    Days on Market:
    162
    Last Refresh:
    Jan 5 at 2:06 pm

    Property Features for 311 1St Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    COMMR
    APN
    11214590230000
    Lot size
    0.15 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1920
    Floors in Building
    2
    Number of units
    5

    RE/MAX Sauk Valley (815) 625-3722 [email protected]

    Listing agent Opal Sundrani (773) 344-4750

    Listing date Jul 28, 2025

    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

    Downtown Sterling Commercial Property

    This commercial property in downtown Sterling, Illinois, offers over 9,000 square feet of space with income potential. The building features a mix of existing rental income and available frontage suitable for a new tenant or owner. The front of the building includes two expansive storefronts with 15-foot ceilings, exposed brick, and archways, making it suitable for retail, gallery, or boutique service businesses. Large display windows and high visibility enhance the space. Two long-term tenants, a hair salon and a tattoo studio, occupy separate spaces with dedicated entrances and off-street parking. The main floor also includes two accessible restrooms for tenant use. The second level features six private offices, a full bathroom, a large break/conference room, and a common area for storage or future development, supporting uses from coworking to studio rentals. Improvements include roof maintenance, LED lighting upgrades, and updates to HVAC, plumbing, and electrical systems. The property, located on a 0.15-acre lot, is zoned COMMR. It offers opportunities to lease the remaining space, reposition the property, or occupy part of it.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Revive Boutique Clothing Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Sterling
    County
    Whiteside
    State
    Illinois
    Longitude
    -89.6951742
    Latitude
    41.7885874

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    FAQs

    What type of property is this?
    Retail space - 9,000+ sqft commercial property with income potential in Sterling, IL.
    Where is this retail space located?
    The property is located at 311 1St Ave Sterling, IL.
    What is the asking price?
    The asking price for this property is $429,900.
    What are key features of this property?
    This property features: - Prime downtown location with high visibility and strong tenant demand potential.; - Existing rental income from two long-term tenants (hair salon and tattoo studio).; - Significant upside potential through leasing remaining storefronts and second-level office space.
    (773) 344-4750
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    Sterling, IL 61081
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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
    311 1St Ave Sterling, IL 61081
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