Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    501 Main St Fairfield, IL 62837

    For Sale
    $170,000

    Versatile 4,300 sq ft Commercial Space

    Property size:
    4,300 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional 4,300 square foot commercial building, located at 501 W Main Street in Fairfield, Illinois, presents a compelling investment opportunity. Situated on a 0.3-acre lot in the heart of downtown, this well-maintained property boasts a spacious reception area, numerous offices of varying sizes, a dedicated conference room, a convenient kitchen, and handicap-accessible restrooms. Ample storage space is available throughout the building, complemented by a large attic offering additional potential for expansion or storage. The property's versatility makes it suitable for a wide range of commercial uses, from professional offices to retail spaces. Currently leased, the building offers a stable income stream with a renewable lease agreement in place, commencing June 1st, 2024, and expiring May 31st, 2027. The sale is contingent upon the existing lease terms. Please note that certain office furniture and supplies owned by the current tenant are excluded from the sale

    Property Features for 501 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,300 SF
    Lot Size
    13,068 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Community Care Systems, ... Home Help Help at Home Home Health Care Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairfield
    County
    Wayne
    State
    Illinois
    Longitude
    -88.36585
    Latitude
    38.37973

    Nearby Similar for Sale

    • $289,900
      2,700 SF

      Charming Farmhouse with Modern Updates

      Updated farmhouse with mature trees and perennial plantings on 0.24 acres.
      309 SE 3Rd St, Fairfield, IL 62837
      View Details
    • $135,000
      2,100 SF

      Versatile Airbnb and Event Venue

      Charming property with income potential in Fairfield, Illinois.
      1113 SW 6Th St, Fairfield, IL 62837
      View Details
    • $2,600,000
      126,529 SF

      Fairfield Industrial Facility with Cranes

      126,529 SF industrial building on 10.2 acres for sale.
      599 Us Highway 45, Fairfield, IL 62837
      View Details
    • $650,000
      10,000 SF

      Fairfield Retail Center Investment

      10,000 SF retail center in high-traffic area.
      5 Williamson Dr, Fairfield, IL 62837
      View Details
    • $625,000
      13,125 SF

      Roller Skating Rink & Entertainment

      Established roller rink and family entertainment center for sale.
      1700 W Main St, Fairfield, IL 62837
      View Details
    • $625,000
      3,313 SF

      Fairfield Commercial Building - Great Investment

      Prime Fairfield location, 3,313 sq ft, 0.2 acres.
      1117 Delaware St, Fairfield, IL 62837
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Versatile 4,300 sq ft Commercial Space
    Where is this commercial real estate located?
    The property is located at 501 Main St Fairfield, IL.
    What is the asking price?
    The asking price for this property is $170,000.
    (618) 226-6447
    Request Owner's contact information
    501 Main St Fairfield, IL 62837
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    501 Main St
    Fairfield, IL 62837
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    501 Main St Fairfield, IL 62837
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.