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Three-Suite Office Building
New
For Sale
$750,000

402 2nd Avenue, Sterling, IL 61081

Commercial Sale, Sterling, IL

Property SizeContact for details
Lot Size0.45 Acres
Days on Market6

Property Features for 402 2nd Avenue

General Information

Property type Commercial Sale
Property subtype Other
Directions Downtown Sterling- NE corner of 2nd Avenue & Route 2 (East 4th Street).
Subdivision Sterling
Standard status Active
APN 11214760020000
Lot size 0.45 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 10533

Utilities

Cooling system Central Air

Amenities

security system
smoke detectors

Building Details

Year built 1964
Floors in Building 1
Number of units 3
Flooring type Carpet, Tile
Building materials Stucco
Roof type Membrane
Listing Agency: RE/MAX Sauk Valley
Listed By: Patricia Sword · License #471002760
Added: Sep 30 Last Checked: Oct 5 at 4:06PM
MLS# 12773035

Copyright © 2026 Midwest Real Estate Data, LLC. 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 1964 office building in downtown Sterling contains three suites: two on the main floor and one spanning the basement. The main-level spaces include reception areas, private offices, restrooms, and a conference room; one also has a kitchenette. The basement suite measures approximately 4,850 square feet and includes private offices, open office areas, a kitchenette, a vault, and three restrooms. An elevator serves the basement from the west-side entry. The main floor is heated and cooled by two packaged rooftop units, while the lower level has two forced-air furnaces and two central air units.

The property occupies 0.45 acres at 402 2nd Avenue in Sterling, Illinois. Its suite configuration supports separate occupancy or use as a single office property.

Key Highlights

  • Three office suites: two on the main level and one across the basement
  • Basement suite measures approximately 4,850 square feet and includes an elevator
  • Main‑level suites include private offices, reception areas, and restrooms; one has a conference room and kitchenette

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
Multi-tenant
Tenancy
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
View Realmo Analytics

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 - The layout pairs two main-floor suites with a full-basement office suite.
Where is this office building located?
The property is located at 402 2nd Avenue 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 office suites: two on the main level and one across the basement; Basement suite measures approximately 4,850 square feet and includes an elevator; Main‑level suites include private offices, reception areas, and restrooms; one has a conference room and kitchenette
More about this property
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