Flex Space Building with Overhead
For Sale
Under Contract
$129,900
116 W South Street, Franklin Grove, IL 61031
Commercial Sale, Franklin Grove, IL
Property Size2,400 SF
Lot Size0.13 Acres
Price / SF$54.13
Days on Market94
Property Features for 116 W South Street
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From IL Rt 38 turn S on N Elm St, then W on W South Street
Subdivision
Franklin Grove
Standard status
Active Under Contract
APN
06090115700200
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3001
Utilities
Cooling system
Central Air
Amenities
backup generator
Building Details
Year built
1955
Floors in Building
1
Number of units
1
Listing Agency:
Crawford Realty, LLC
(815) 285-3444
Listed By:
Tyler Stacey · License #475206553
(815) 285-3444
Added: May 19
Changed: Aug 19
Last Checked: Aug 20 at 5:06PM
MLS# 12652484
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.
Well-maintained 2,400 SF flex space building on a 0.125-acre site, built in 1955. The interior includes a shop/workspace area with a reception area, a private office, and a private bathroom. Exterior access is supported by two overhead garage doors.
The building has undergone recent improvements including new siding, electrical, plumbing, and heating updates. Cooling is provided by central air, with additional mini-split A/C noted. A backup generator is also included.
Located at 116 W South Street in Franklin Grove, this property is set up for a range of service-focused operations, with on-site functionality designed for shop and workspace activity.
The building has undergone recent improvements including new siding, electrical, plumbing, and heating updates. Cooling is provided by central air, with additional mini-split A/C noted. A backup generator is also included.
Located at 116 W South Street in Franklin Grove, this property is set up for a range of service-focused operations, with on-site functionality designed for shop and workspace activity.
Key Highlights
- 2,400 SF flex space building built in 1955
- Two overhead garage doors for shop and workspace access
- 0.125‑acre site in Franklin Grove, IL
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
83
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 61031, IL
1,430
Population
654
Households
2.2
Avg Household Size
46
Median Age
26%
College-Educated
94%
High-School Grad
44.9 sq mi
ZIP Area
32
Density / Sq Mi
$74,050
Median Household Income
$39,907
Median Earnings
$822
Median Rent
$148,600
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Well-maintained flex space with two overhead garage doors, shop/work areas, reception, private office, and central air.
Where is this flex space located?
The property is located at 116 W South Street Franklin Grove, IL.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: 2,400 SF flex space building built in 1955; Two overhead garage doors for shop and workspace access; 0.125‑acre site in Franklin Grove, IL
