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    101 South St Flanagan, IL 61740

    Sponsored
    For Sale
    $86,000

    Nine offices, central location, ideal for business.

    Property size:
    2,228 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional 2,228 square foot office building presents a fantastic investment opportunity in the heart of Flanagan, Illinois. Situated on a 0.18-acre lot at 101 W South Street, this property boasts nine private offices, perfect for a variety of business configurations. A spacious reception area provides a welcoming entrance for clients and visitors. The building also includes a full bathroom equipped with laundry hook-ups, adding significant convenience. A half-bath and a functional kitchen area further enhance the practicality of this space. Its strategic location next to a medical clinic and in close proximity to the post office and downtown Flanagan ensures high visibility and accessibility. The property's previous use as a leased office space speaks to its inherent suitability for professional businesses. This versatile building offers significant potential for a variety of small businesses seeking a well-established and convenient location in a thriving central Illinois community. The sale price of $86,000 represents a compelling opportunity for investors and entrepreneurs alike. This property is no longer available for lease and is being offered for sale only.

    Property Features for 101 South St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,228 SF
    Lot Size
    7,841 SF

    Building Details

    Year Built
    1973
    Property Profile Location Intelligence

    Current Use by Public Records

    Heart To Heart Support ... Social Services Organization Village of Flanagan City Government Office

    Suggested Use

    Restaurant Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Gym & Fitness Pharmacy 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
    -88.86208
    Latitude
    40.87698

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Commercial real estate - Nine offices, central location, ideal for business.
    Where is this commercial real estate located?
    The property is located at 101 South St Flanagan, IL.
    What is the asking price?
    The asking price for this property is $86,000.
    (815) 842-1400
    Request Owner's contact information
    101 South 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
    101 South St Flanagan, IL 61740
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