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    107 Franklin St Polo, IL

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    For Sale
    $259,000

    Fully leased mixed-use building with storefronts and renovated apartment.

    Property size:
    5,400 SF
    Lot size:
    0.18 Acres

    Property Features for 107 Franklin St

    General Information

    Size
    5,400 SF
    Lot size
    0.18 Acres

    Source: RE/MAX OF ROCK VALLEY Agent Rebecca Hazzard

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Polo Mixed-Use Investment

    Located in downtown Polo, this mixed-use commercial building is fully leased and features two storefronts with long-term tenants. The property also includes a renovated two-bedroom apartment on the upper level. The apartment features woodwork and character. Major improvements have been made in recent years, including updated HVAC systems and windows, professional tuckpointing, and a 30-year warrantied roof. The building offers immediate cash flow and visibility. The property has a size of 5400 square feet. This building can be purchased individually or bundled with other properties at a discounted package price.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Map

    City
    Polo
    County
    Ogle
    State
    Illinois
    Longitude
    -89.4909428
    Latitude
    41.9969749

    Nearby Similar for Sale

    • $275,000
      Pending

      Polo Investment Property For Sale

      Four-unit multifamily property with strong rental history near Polo amenities.
      305 Prairie St S, Polo, IL 61064
      View Details
    • $195,000
      6,500 SF

      Versatile Commercial Building with Apartment

      5,000 sq ft commercial building with updated apartment.
      110 E Dixon St, Polo, IL 61064
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Fully leased mixed-use building with storefronts and renovated apartment.
    Where is this mixed-use property located?
    The property is located at 107 Franklin St Polo, IL.
    What is the asking price?
    The asking price for this property is $259,000.
    What are key features of this property?
    This property features: - Fully leased mixed-use building with immediate cash flow.; - Spacious, renovated two-bedroom apartment with updated features.; - Recent major improvements including updated HVAC, windows, tuckpointing, and a 30-year warrantied roof.
    (815) 509-8432
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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
    107 Franklin St Polo, IL
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