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Former Bank Office Building
For Sale
$269,900

109 N State Street, Poplar Grove, IL 61065

COMMERCIAL - Poplar Grove, IL

Property SizeContact for details
Lot Size1.13 Acres
Days on Market118

Property Features for 109 N State Street

General Information

Property type Commercial Sale
Property subtype Office
Zoning COMMR
Directions Rt. 173 to N State St. (Poplar Grove Rd) then south to property.
Subdivision Poplar Grove
Standard status Active
APN 0324276023
Lot size 1.13 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 8805

Utilities

Utilities Natural Gas Available
Cooling system Central Air

Amenities

drive up window
night deposit box
backup generator
professional landscaping
conference room
break room
secure vault
storage space
kitchenette

Building Details

Year built 1970
Floors in Building 1
Number of units 1
Building materials Brick
Listing Agency: Bird Realty
Listed By: Eric Bird · License #471002935
Added: Apr 17 Changed: Aug 4 Last Checked: Aug 12 at 10:06AM
MLS# 12622069

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.

Investment Insights

Based on property information with market context.

This well-maintained former bank building features an all-brick exterior and a configuration designed for professional use. The main floor includes a large, welcoming reception area, five private offices, a conference room, break room, two bathrooms, a modern secure vault, and ample storage. A finished lower level adds a second conference room, kitchenette, a large additional room, a third bathroom, and several secure storage areas. Additional operational features noted include a drive-up window and night deposit box, backup generator, and two HVAC zones.

The property includes a large asphalt parking lot with 25 spaces and also includes the lot south of the bank (PIN 03-24-276-008). A survey for both parcels dated 5-8-25 can be provided to the buyer. Offered as-is for sale.

The building’s layout supports a mix of workspaces and meeting space within a secure environment, with off-street parking on site and an additional parcel included for parking or future expansion, subject to applicable requirements.

Key Highlights

  • All‑brick former bank building with central air and a 1970 year built
  • Large asphalt parking lot with 25 parking spaces plus a drive‑up window and night deposit box
  • Backup generator and 2 HVAC zones

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

71
Businesses Nearby

Demographics for 61065, IL

11,206
Population
3,846
Households
2.9
Avg Household Size
38
Median Age
23%
College-Educated
92%
High-School Grad
50.9 sq mi
ZIP Area
220
Density / Sq Mi
$104,216
Median Household Income
$50,958
Median Earnings
$1,469
Median Rent
$208,400
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - All-brick office building with a drive-up window, multiple private offices, reception area, and a finished lower level.
Where is this office building located?
The property is located at 109 N State Street Poplar Grove, IL.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: All‑brick former bank building with central air and a 1970 year built; Large asphalt parking lot with 25 parking spaces plus a drive‑up window and night deposit box; Backup generator and 2 HVAC zones
More about this property
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