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Downtown Retail Building Opportunity
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Pending

224 East 3rd Street, Sterling, IL 61081

Two-parcel retail property totaling about 6,400 SF, with interior opened up for flexible floor plan options.

Property Size6,400 SF
Days on Market150

Property Features for 224 East 3rd Street

General Information

Standard status Pending
Size 6,400 SF
Property subtype Retail, Special Purpose
Listing Agency: Bird Realty Company
Listed By: Eric Bird · License #471002935
Source: Crexi
Added: Apr 11 Changed: Aug 22 Last Checked: Sep 6 at 7:28AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bird Realty Company

Investment Insights

Based on property information with market context.

This listing includes two parcels (11-21-478-020 and 11-21-478-019) and offers an approximately 6,400-square-foot retail building ready for renovation by the new owner. The interior has been opened up, creating flexibility for a variety of potential floor plan layouts. The facade may qualify for Grant funds for exterior improvements, with details available through Sterling Main Street.

Located in downtown Sterling, the property provides a retail-focused option for buyers looking to customize and reposition the building through renovation.

With the interior currently open to support multiple configurations, the asset is positioned for an owner to refine the floor plan and complete exterior updates subject to the referenced grant program.

Key Highlights

  • Two‑parcel retail property located in downtown Sterling (parcels 11‑21‑478‑020 and 11‑21‑478‑019)
  • Approx. 6,400 SF total, ready for renovation by the new owner
  • Interior has been opened up to allow for a variety of floor plan options

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Big Box & Wholesale Store Auto Parts Store Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

649
Businesses Nearby
45k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 44% Dining 30% Shops & Services 21% Hotels & Casinos 3%
County Market Groceries
19,902 visits/mo 0.3 miles
Taco Bell Dining
13,339 visits/mo 0.2 miles
U.S. Bank Shops & Services
4,048 visits/mo 0.1 miles
Citgo Shops & Services
3,637 visits/mo 0.2 miles
Holiday Inn Express & Suites Rock Falls Hotels & Casinos
1,422 visits/mo 0.4 miles

Demographics for 61081, IL

21,064
Population
9,753
Households
2.2
Avg Household Size
43
Median Age
20%
College-Educated
91%
High-School Grad
124.4 sq mi
ZIP Area
169
Density / Sq Mi
$60,854
Median Household Income
$40,497
Median Earnings
$791
Median Rent
$121,000
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Two-parcel retail property totaling about 6,400 SF, with interior opened up for flexible floor plan options.
Where is this retail space located?
The property is located at 224 East 3rd Street Sterling, IL.
What are key features of this property?
This property features: Two‑parcel retail property located in downtown Sterling (parcels 11‑21‑478‑020 and 11‑21‑478‑019); Approx. 6,400 SF total, ready for renovation by the new owner; Interior has been opened up to allow for a variety of floor plan options
(815) 973-6768 Call to check price and availability
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