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Office Building with Elevator
New
For Sale
$750,000

402 2nd Ave, Sterling, IL 61081

Three suites include reception areas, private offices, conference space, and kitchenettes across two levels.

Property Size10,800 SF
Price / SF$69.44
Days on Market2

Property Features for 402 2nd Ave

General Information

Standard status Active
Size 10,800 SF
Elevators Yes

Additional Details

Utilities to Site Yes
Office Units 3

Amenities

security system

Building Details

Year Built 1964
Buildings 1
Listing Agency: RE/MAX Sauk Valley
Listed By: Patricia Sword · License #471002760
Source: Grandviewrealtyservices
Added: Oct 5 Changed: Oct 6 Last Checked: Oct 5 at 5:23PM

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 RE/MAX Sauk Valley

Investment Insights

Based on property information with market context.

This two-level office building, constructed in 1964, is configured as three suites: two on the main floor and one spanning the lower level. The main-floor suites include reception areas, private offices, and two single-user restrooms apiece; one also has a conference room and kitchenette. The lower-level suite contains private offices, open office areas, a kitchenette, a large vault, and three restrooms. It has entrances on both the east and west sides, with an elevator at the west entrance. The lower level has no windows.

Heating and cooling are provided by packaged rooftop units on the main floor and forced-air furnaces and central air units below. The building also has a security system, smoke detectors, one gas meter, one electrical meter, one water meter, and a 40-gallon water heater. One main-floor suite was renovated last year.

Key Highlights

  • Three suites: two on the main level and one across the lower level
  • Lower‑level suite measures approximately 4,850 square feet
  • Elevator at the west‑side lower‑level entrance

Property Analytics

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Current Use

Sauk Valley Title ... Title Company Kathleen K. Thome, ... Counselor William S. Myers, ... Counselor Adam Gee | Raymond ... Financial Advisor Natalie Moeller Foster Care Service

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.

Lease Details

3
Office units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

649
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Three suites include reception areas, private offices, conference space, and kitchenettes across two levels.
Where is this office building located?
The property is located at 402 2nd Ave Sterling, IL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three suites: two on the main level and one across the lower level; Lower‑level suite measures approximately 4,850 square feet; Elevator at the west‑side lower‑level entrance
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