Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    265 E Ferguson Ave Wood River, IL 62095

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $100,000

    Flex space with additional parcel for business expansion.

    Property size:
    2,560 SF

    Property Features for 265 E Ferguson Ave

    General Information

    Standard status
    Active
    Size
    2,560 SF

    We can help!

    Listing Contact
    Sherry Gilleland
    Source: Exitrealty

    Listing Agency: Dream Home Realty Centre Inc Listing Agent: Sherry Gilleland

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

    Learn more

    Overview

    Flex Space with Additional Parcel

    This property includes two parcels, both with existing buildings. One building offers 2560 square feet of flex space. The second building, located at 265 1/5 E Ferguson Ave, provides an additional 1160 square feet and features a double car garage door. The second parcel's lot size is 115 x 125. Situated in a corner location in the downtown area, this property presents an opportunity to start or expand a business. The seller is motivated to sell. Buyers should verify all data, including square footage, schools, taxes, exemptions, and features.
    Location Intelligence

    Current Use by Public Records

    Safe Environment Corporation-Indiana Sustainability Organization

    Suggested Use

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

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

    Similar Places Nearby

    Mother's Catering Services Inc

    Location Insight

    • Map
    • Local Demand
    City
    Wood River
    County
    Madison
    State
    Illinois
    Longitude
    -90.102382
    Latitude
    38.860343

    Nearby Similar for Sale

    • $360,000
      2,728 SF

      Wood River Commercial Opportunity

      Commercial building for sale in high-traffic Wood River location.
      1103 E Acton Ave, Wood River, IL 62095
      View Details
    • $399,900
      8,000 SF

      Versatile Office Space in Wood River

      8000 sq ft office space suitable for various businesses.
      203 S 6Th St, Wood River, IL 62095
      View Details
    • New
      $87,500
      0.07 Acres

      Downtown Retail Opportunity in Wood River

      Commercial property with retail potential in downtown Wood River, Illinois.
      16 E Ferguson Ave, Wood River, IL 62095
      View Details
    • $350,000
      1,563 SF

      Free Standing Building on Corner

      Office space with storage on a 0.6-acre corner lot.
      263 Madison Ave, Wood River, IL 62095
      View Details
    • $900,000
      Pending

      Wood River Commercial Property For Sale

      Commercial property with office space, parking, and tenant in place.
      250 Citrus Ln, Wood River, IL 62095
      View Details
    • $450,000
      15,965 SF

      Wood River Warehouse For Sale

      15,965 SF retail/warehouse on 3.2 acres, great location.
      1371 Vaughn Rd, Wood River, IL 62095
      View Details
    • $100,000
      2,560 SF

      Retail Opportunity in Wood River

      Two buildings on two parcels in Wood River, Illinois.
      265 E Ferguson Ave, Wood River, IL 62095
      View Details
    • $50,000
      990 SF

      Downtown Corner Lot Retail Building

      High-traffic corner lot in downtown Wood River, Illinois.
      84 E Ferguson Ave, Wood River, IL 62095
      View Details
    • $185,000
      2,580 SF

      Retail/Office Space on Corner Lot

      Retail or office space on corner lot with high traffic.
      300 N Wood River Ave, Wood River, IL 62095
      View Details
    • $85,000
      2,610 SF

      Wood River Mixed-Use Property

      Mixed-use property with office space and apartment in Wood River.
      855 E Ferguson Ave, Wood River, IL 62095
      View Details
    • $350,000
      1,563 SF

      263 Madison Avenue, Wood River, IL 62095

      Office Units • 1,563 SF
      263 Madison Ave, Wood River, IL 62095
      View Details
    • Contact for pricing
      6,892 SF

      Retail Space Near Supercenter

      Available 4,802 SF retail space in Wood River, Illinois.
      1855 Vaughn Rd, Wood River, IL 62095
      View Details

    FAQs

    What type of property is this?
    Flex space - Flex space with additional parcel for business expansion.
    Where is this flex space located?
    The property is located at 265 E Ferguson Ave Wood River, IL.
    What is the asking price?
    The asking price for this property is $100,000.
    What are key features of this property?
    This property features: - Includes 2 parcels with buildings on both.; - Additional 1160 Sq Ft building with **double car garage door**.; - **Corner location in the downtown area.**
    (618) 779-0990
    Request Owner's contact information
    265 E Ferguson Ave Wood River, IL 62095
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    265 E Ferguson Ave
    Wood River, IL 62095
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    265 E Ferguson Ave Wood River, IL 62095
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Sherry Gilleland
    Real Estate License ID: 471001207
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!