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Flex Space with Large Outbuilding

204 W CHURCH Street Pleasant Plains, IL 62677

204 W CHURCH Street, Pleasant Plains, IL, 62677

$300,000

Pending

For Sale

$300,000

Pending

COMMERCIAL - Pleasant Plains, IL

Property Size3,200 SF

AddedMay 27

Days on Market49

Last RefreshJul 14 at 11:06 pm

Property Features for 204 W CHURCH Street

General Information

Property type: Commercial Sale
Property subtype: Other
Zoning: F02
Standard status: Pending
APN: 04-31.0-488-004

Taxes and HOA fees

Tax Year: 2025
Tax Description: See Tax Records
Tax Annual Amount: 4447

Utilities

Sewer type: Public Sewer
Heating system: Electric (Heating), Heat Pump (Heating)
Cooling system: Central Air

Building Details

Flooring type: Concrete
Building materials: Vinyl Siding, Frame
Roof type: Shake

Listing agent Jim Fulgenzi License #471021607

Listing office RE/MAX Professionals 2667 Farragut Drive, Springfield, IL

Listing date May 27, 2026

MLS# CA1044009

Investment Insights

Based on property information with market context.

This offering combines a 1,700-square-foot home with a large 40-by-80 outbuilding. The home, built in 2006, features four bedrooms and two baths and has been updated, including a master bath with granite tops, dual sinks, and a walk-in shower. The HVAC has been improved with a replaced heat pump (2020), an AC unit replacement, and mini splits added to the upstairs bedrooms. There is a main-floor laundry, a fenced yard with a steel gate, a two-car detached garage, and a large back deck. The unfinished basement is plumbed for a bathroom and has 9-foot ceilings.

The outbuilding includes a furnished office and a layout that incorporates a 1,200-square-foot residence inside. It has a concrete floor and includes two 14-foot overhead doors. Plumbing is connected to the sewer for two bathrooms and a kitchen, supporting additional living space if desired. The home will be pre-inspected at listing and sold as-reported. The property may be rented with the home and building separately or combined, or used as an owner-occupied home with the outbuilding leased.

Key Highlights

Built in 2006, 1,700 SF home with 4 bedrooms and 2 baths, plus an outbuilding that can be rented separately or together.
Updates include new master bath granite tops, dual sinks, and a walk‑in shower.
Heat pump was replaced in 2020 and AC unit updated; mini splits added to upstairs bedrooms to supplement cooling.

Local Financial Insights For Flex RnD

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$36.1k	$11.28
− Vacancy	−$2.0k	−$0.62
EGI	$34.1k	$10.66
− OpEx	−$11.9k	−$3.73
NOI	$22.2k	$6.93

3,200 SF · lease $11.28/SF/yr · vacancy 5.50% · expense 35.00%

Alternative Uses

Best Use

Flex RnD

$316.7K

$277.2K – $369.5K (±1% cap)

NOI $22,172 @ 7.0% cap · market cap 7.39%

Second Best

Apartment 5plus

$303.8K

$265.9K – $354.5K (±1% cap)

NOI $21,268 @ 7.0% cap · market cap 7.09%

Theoretical Best

Office A

$706.7K

$618.4K – $824.5K (±1% cap)

NOI $49,471 @ 7.0% cap · market cap 16.49%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

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For sale
Flex space
IL
Pleasant Plains
62677
204 W CHURCH Street

What type of property is this?

Flex space - Updated 4-bedroom home plus a 40-by-80 outbuilding with office space and overhead doors, offered together or separately.

Where is this flex space located?

The property is located at 204 W CHURCH Street Pleasant Plains, IL.

What is the asking price?

The asking price for this property is $300,000.

What are key features of this property?

This property features: Built in 2006, 1,700 SF home with 4 bedrooms and 2 baths, plus an outbuilding that can be rented separately or together.; Updates include new master bath granite tops, dual sinks, and a walk‑in shower.; Heat pump was replaced in 2020 and AC unit updated; mini splits added to upstairs bedrooms to supplement cooling.