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Heated Flex Building with Office
For Sale
$284,000
Pending

1007 S Cherry St, Effingham, IL 62401

Insulated commercial building includes a heated workspace, overhead door, bathroom, and office area.

Property SizeContact for details
Days on Market576

Property Features for 1007 S Cherry St

General Information

Standard status Pending

Additional Details

Road Access Yes
Clear Height 14 ft

Taxes and HOA fees

Annual Taxes $2,556

Building Details

Buildings 2
Construction metal building, block building
Listing Agency: RE/MAX Key Advantage
Listed By: Jeffrey Speer · License #471000363
Source: Exprealty
Added: Jan 31, 2025 Changed: Aug 30 Last Checked: Aug 30 at 4:39AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Key Advantage

Investment Insights

Based on property information with market context.

This flex property combines a 48 x 54-foot insulated metal building with 14-foot ceilings and a heated interior. The main structure includes a 14-foot-tall by 15-foot-wide overhead door with opener, along with a bathroom and office. An attached 26 x 36-foot block building adds another heated area that can serve as storage or office space.

The property provides 110 feet of road frontage on Cherry St, with an alley extending behind the buildings. The combination of workspace, support areas, overhead access, and additional heated space accommodates a range of commercial operations.

Key Highlights

  • 48 x 54‑foot insulated metal building with 14‑foot ceilings
  • 14‑foot‑tall x 15‑foot‑wide overhead door with opener
  • Attached 26 x 36‑foot heated block building

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick HVAC Service Parking Lot & Garage Bakery (Bike/Boat/Book/etc) Store Carpet & Flooring Store Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

14 ft
Clear height
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

713
Businesses Nearby
Balanced
Demand for This Use

Demographics for 62401, IL

19,408
Population
8,688
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
94%
High-School Grad
103.9 sq mi
ZIP Area
187
Density / Sq Mi
$76,098
Median Household Income
$43,051
Median Earnings
$722
Median Rent
$195,800
Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

  • Catering By Martins 101 S Merchant St, Effingham, IL 62401

Frequently Asked Questions

What type of property is this?
Flex space - Insulated commercial building includes a heated workspace, overhead door, bathroom, and office area.
Where is this flex space located?
The property is located at 1007 S Cherry St Effingham, IL.
What is the asking price?
The asking price for this property is $284,000.
What are key features of this property?
This property features: 48 x 54‑foot insulated metal building with 14‑foot ceilings; 14‑foot‑tall x 15‑foot‑wide overhead door with opener; Attached 26 x 36‑foot heated block building
More about this property
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