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    112 North Ave Flora, IL 62839

    For Sale
    Contact for pricing

    Retail, Apartment, & Warehouse Space

    Property size:
    1,880 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This versatile 1,880 sq ft commercial building in downtown Flora, IL, presents a unique investment opportunity. The main level offers 1,280 sq ft of retail space, ideal for a variety of businesses. Some remodeling is complete, with a portion of a wall needing finishing. The main floor also includes three additional rooms suitable for storage, bathrooms, or HVAC system installation. Upstairs, another 1,280 sq ft provides ample space for a residential apartment, offering the potential for mixed-use development. Adding to its functionality is a 600 sq ft warehouse area accessible from Railroad Street, featuring an overhead door for convenient loading and unloading. The building boasts updated electrical wiring, though plumbing and HVAC systems require completion. This property's prime downtown location and adaptable layout make it an attractive prospect for entrepreneurs and investors seeking a blend of commercial and residential potential. The building's existing features, combined with the potential for further development, create a compelling opportunity to shape a thriving business and/or living space in the heart of Flora. The combination of retail, residential, and warehouse space offers significant flexibility and potential for high returns.

    Property Features for 112 North Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,880 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    The Gym Gym

    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
    Flora
    County
    Clay
    State
    Illinois
    Longitude
    -88.48531
    Latitude
    38.66876

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    FAQs

    What type of property is this?
    Commercial real estate - Retail, Apartment, & Warehouse Space
    Where is this commercial real estate located?
    The property is located at 112 North Ave Flora, IL.
    What is the asking price?
    The asking price for this property is $19,900.
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    112 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
    112 North Ave Flora, IL 62839
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