101 S 3rd St, Fisher, IL 61843

Located along Third Street in downtown Fisher, this historic two-story mixed-use commercial building presents an investment opportunity. Constructed in 1902 with an expansion in 1946, the building contains approximately 8,657 square feet on the main level and an additional 3,370 square feet on the second floor. The upper level has been stripped to the studs and is currently used for storage, offering redevelopment potential for office suites, residential conversion, or commercial space expansion. The building sits on an approximately 9,250-square-foot parcel. The property includes a mix of occupied suites and flexible common storage areas. Existing tenants provide rental income, while the vacancy left by the former Ingold’s operation creates potential for repositioning or owner occupancy. The property is equipped with forced warm-air natural gas furnaces with central air conditioning and an intrusion alarm system. Specialty improvements include two walk-in coolers and one walk-in freezer. The roof system includes a lower roof replaced approximately six years ago and an upper roof estimated at 25 years old. The foundation consists of a combination basement and crawl space, and a small overhead door at the rear provides loading access for storage or service use. All utilities are currently metered together and included in tenant rents, and the property includes shared storage space behind the suites used by existing tenants. Current tenants include Bunnie Burrow ice cream shop, occupying 1,128 square feet, and Lucky Laundry, occupying 924 square feet on a month-to-month lease. With historic character, existing income, and redevelopment potential, this property offers an opportunity to revitalize a downtown property in the Champaign County market.