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    Retail/Showroom Storefront Building Title is generated by Realmo AI

    108 E Sale Street, Tuscola, IL 61953

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    For Sale
    $130,000

    COMMERCIAL - Tuscola, IL

    Type:Retail
    Property size:
    3,000 SF
    Lot size:
    0.07 Acres
    Price / SF:
    $43/SF
    Added:
    Jun 4, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 6 at 1:06 am

    Property Features for 108 E Sale Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    RTAIL
    Standard status
    Active
    APN
    09023413401100
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Original Town W 26' Lot 11 Block 18
    Tax Annual Amount
    875

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1900
    Floors in Building
    1
    Building materials
    Brick

    We can help!

    Listing Contact
    Randy Hastings
    Randy Hastings

    Listing agent Randy Hastings License #471009277

    Listing office Hillard Agency- Tuscola 500 S. Main - P.O. Box 140, Tuscola, IL

    Listing date Jun 4, 2026

    MLS# 12668065

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Brick retail/showroom building in downtown Tuscola
    • Over 3,000 SF of retail/showroom space
    • Year built 1900
    • Central air cooling
    • Flexible layout potential for retail, multiple office spaces, or upscale storage

    Overview

    This retail/showroom storefront building offers 3,000+ square feet of space configured for commercial activity. The property is presented as a single building with a footprint suited to retail use, while the interior layout also lends itself to reconfiguration for office space or other storage-oriented applications, depending on the tenant or buyer’s goals.

    Situated at 108 E Sale Street in downtown Tuscola, the property places it near the Library, Post Office, and Festival Corner. The listing notes strong downtown foot traffic, supported by its central setting and visibility to local activity.

    For buyers looking for an owner-occupied setup or an investor-ready retail asset, the combination of showroom-style space and the potential for multiple rooms makes it adaptable to a range of retail and back-of-house needs. Tenants seeking a storefront environment can also consider the property’s straightforward retail orientation, with the option to tailor the space to their specific operational requirements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Allied Capital Title Title Company JCX Chimney Sweep ... General Contractor

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Tuscola
    County
    Douglas
    State
    Illinois
    Longitude
    -88.2875115
    Latitude
    39.7998388

    Nearby Similar for Sale

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    • $275,000

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    • $120,000
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      Downtown Retail and Showroom Building

      Two-level showroom and retail building with flexible interior layout in downtown Tuscola.
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    • $990,000
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    • $365,000

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    FAQs

    What type of property is this?
    Showroom - Standalone retail/showroom building with 3,000+ square feet and a flexible interior that can support more than one use.
    Where is this showroom located?
    The property is located at 108 E Sale Street Tuscola, IL.
    What is the asking price?
    The asking price for this property is $130,000.
    What are key features of this property?
    This property features: Brick retail/showroom building in downtown Tuscola; Over 3,000 SF of retail/showroom space; Year built 1900
    (217) 253-2388
    We can help!
    Listing Contact
    Randy Hastings
    Randy Hastings
    Real Estate License ID: 471009277
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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