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    403 North Ave Flora, IL 62839

    For Sale
    $159,900

    Profitable commercial building, 3780 sq ft.

    Property size:
    3,780 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional commercial property at 403 W North Avenue in Flora, Illinois presents a unique opportunity for an entrepreneur. The 3,780 square foot building, constructed in 1984, has been a thriving family-owned business for 36 years, enjoying high visibility and strong community recognition. The current business model includes minor vehicle service work, oil changes, tire sales and service, mower repair, mower tire repair, and blade sharpening. The building's spacious layout features tall ceilings, large overhead doors ideal for equipment access, a showroom area complete with shelving and slatted display walls, and a sizable service counter. Heating is provided by gas, supplemented by a shop unit capable of burning used motor oil, offering potential cost savings. The property also boasts the potential to reinstate a previously successful tool and party rental business, expanding revenue streams. Included in the sale are various pieces of equipment

    Property Features for 403 North Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,780 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Flora
    County
    Clay
    State
    Illinois
    Longitude
    -88.49071
    Latitude
    38.66772

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    FAQs

    What type of property is this?
    Commercial real estate - Profitable commercial building, 3780 sq ft.
    Where is this commercial real estate located?
    The property is located at 403 North Ave Flora, IL.
    What is the asking price?
    The asking price for this property is $159,900.
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    403 North Ave Flora, IL 62839
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    Flora, IL 62839
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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
    403 North Ave Flora, IL 62839
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