Flex Space with Large
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
Days on Market53
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 Agency
RE/MAX Professionals
(217) 787-7215
2667 Farragut Drive, Springfield, IL
Listed by
Jim Fulgenzi · License #471021607
(217) 341-5393
Added: May 27 Checked: Jul 18 at 8:06 am
MLS# CA1044009
Copyright © 2026 RMLS Alliance. 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.
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.
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
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| 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
NOI $22,172 @ 7.0% cap · market cap 7.39%
Second Best
Apartment 5plus
$303.8K
$265.9K – $354.5K
NOI $21,268 @ 7.0% cap · market cap 7.09%
Theoretical Best
Office A
$706.7K
$618.4K – $824.5K
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
Similar For Sale Nearby
FAQs
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.
