Building Details

Year Built 1960

Listing Agency: RE/MAX Sauk Valley

Listed By: Patricia Sword · License #471002760 Show Phone

Source: Liveliferealty

Added: Sep 7 Last Checked: Sep 9 at 10:18PM

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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 700-square-foot office unit at 503 E 3rd St includes a reception area, semi-private workspace, private office, and a combined storage, copy, and hallway area. The layout can also accommodate retail use. Central heating and cooling serve the office, while a shared restroom supports the suite. Street parking is available, and utilities are included. The building was constructed in 1960.

Key Highlights

• 700 square feet of office space
• 13'6 x 19' reception area
• 10' x 19' semi‑private area and 13' x 13' private office

Property Analytics

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Current Use

Brent Martin American ... Insurance Agency Central Heating & Cooling ... HVAC Service Brent Martin Agency Insurance Agency American Family Insurance Financial Advisor

Suggested Use

Top Pick Real Estate Agency Dental Office Pharmacy Auto Parts Store HVAC Service Parking Lot & Garage

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

NNN (Triple Net)

Lease Type

$1.54 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

625

Businesses Nearby

Explore this area Business Placement

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 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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What type of property is this? Where is this office units located? What is the lease rate? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office units - Configured with reception, semi-private workspace, storage, and a shared restroom.

Where is this office units located?

The property is located at 503 E 3rd St Sterling, IL.

What are key features of this property?

This property features: 700 square feet of office space; 13'6 x 19' reception area; 10' x 19' semi‑private area and 13' x 13' private office