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    313 Main St Flanagan, IL 61740

    Sponsored
    For Sale
    $300,000

    Historic Church Building, Redevelopment Opportunity

    Property size:
    2,744 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This unique 2,744 square foot mixed-use property located at 313 S Main Street in Flanagan, Illinois, presents a compelling investment opportunity. Currently configured as a Catholic church with a seating capacity of approximately 190, this building offers significant potential for adaptive reuse. The property features a full basement equipped with two bathrooms, a kitchen, and ample seating areas with tables. The building is well-maintained and includes two separate furnaces and air conditioning units, ensuring climate control throughout. Modernized electrical systems are in place, boasting a 200-amp service. A sump pump provides additional protection against water damage. The 0-acre lot provides ample space for potential expansion or outdoor amenities, depending on the chosen redevelopment plan. The property's central location in Flanagan offers easy access to local amenities and transportation routes. This versatile building could be transformed into residential apartments, a single-family home, or commercial office space, catering to a variety of needs and maximizing investment potential. The substantial size and existing infrastructure provide a solid foundation for a successful redevelopment project. This is a rare opportunity to acquire a historic building with significant potential in a desirable location. Serious inquiries are encouraged.

    Property Features for 313 Main St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    2,744 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Auto Repair Shop Gym & Fitness Pharmacy Wholesale Shop Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Flanagan
    County
    Livingston
    State
    Illinois
    Longitude
    -88.8615
    Latitude
    40.87406

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    FAQs

    What type of property is this?
    Mixed-use property - Historic Church Building, Redevelopment Opportunity
    Where is this mixed-use property located?
    The property is located at 313 Main St Flanagan, IL.
    What is the asking price?
    The asking price for this property is $300,000.
    (815) 842-1400
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    313 Main St Flanagan, IL 61740
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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
    313 Main St Flanagan, IL 61740
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