Flex Space with Studio
For Sale
$230,000
1110 School Street, Hillsboro, IL 62049
Commercial building with accessible entry, reception area, private office, restrooms, dual HVAC, and unfinished basement space.
Property Size3,150 SF
Lot Size0.50 Acres
Price / SF$73.02
Days on Market12
Property Features for 1110 School Street
General Information
Standard status
Active
Size
3,150 SF
Lot size
0.50 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$8,979
Amenities
dual HVAC systems
smart thermostat
energy-efficient LED lighting
large concrete parking lot
fully accessible entrance
reception/retail lobby
private office
walk-in closet
two restrooms
full unfinished basement
Building Details
Building Size
3,150 SF
Year Built
2014
Buildings
2
Stories
1
Listing Agency:
MCR Realty Professionals, Inc
(217) 440-4663
Listed By:
Brandi Lentz · License #471003219
Source:
Nesterrealty
Added: Aug 17
Changed: Aug 28
Last Checked: Aug 28 at 11:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MCR Realty Professionals, Inc
Investment Insights
Based on property information with market context.
The 3,150+/- SF commercial building at 1110 School Street was constructed in 2014 and previously used as a studio facility. Its interior includes two 29' x 39' open rooms with 10-foot ceilings, an accessible entrance, reception and retail lobby, private office with walk-in closet, and two restrooms. Dual HVAC systems, a smart thermostat, LED lighting, and a concrete parking lot are also included.
A full unfinished basement provides poured concrete walls, an egress window, engineered floor joists, and roughed-in plumbing for another bathroom. The property occupies 1/2 +/- acres along Illinois State Route 16, which carries approximately 5,550 vehicles per day.
The sale also includes the adjoining property at 1112 School St., an 816 square foot, 2-bedroom, 1-bath rental home with a tenant in place since 2019. Potential residential conversion of the commercial building or removal of the home for additional parking would require applicable municipal approvals.
A full unfinished basement provides poured concrete walls, an egress window, engineered floor joists, and roughed-in plumbing for another bathroom. The property occupies 1/2 +/- acres along Illinois State Route 16, which carries approximately 5,550 vehicles per day.
The sale also includes the adjoining property at 1112 School St., an 816 square foot, 2-bedroom, 1-bath rental home with a tenant in place since 2019. Potential residential conversion of the commercial building or removal of the home for additional parking would require applicable municipal approvals.
Key Highlights
- 3,150+/- SF commercial building constructed in 2014
- Two 29' x 39' studio spaces with 10‑foot ceilings
- Full unfinished basement with egress window and roughed‑in plumbing
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
405
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 62049, IL
7,952
Population
2,970
Households
2.7
Avg Household Size
42
Median Age
14%
College-Educated
87%
High-School Grad
82.1 sq mi
ZIP Area
97
Density / Sq Mi
$54,767
Median Household Income
$36,264
Median Earnings
$817
Median Rent
$106,600
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial building with accessible entry, reception area, private office, restrooms, dual HVAC, and unfinished basement space.
Where is this flex space located?
The property is located at 1110 School Street Hillsboro, IL.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: 3,150+/- SF commercial building constructed in 2014; Two 29' x 39' studio spaces with 10‑foot ceilings; Full unfinished basement with egress window and roughed‑in plumbing
