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    1107 Il Rt 64 Oregon, IL 61061

    For Sale
    $449,000

    6,600 SF Retail Building, $449,000

    Property size:
    6,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 6,600 square foot retail property, situated on a 1.347-acre lot in Oregon, Illinois, presents a compelling investment opportunity. Built in 2004, the single-story building boasts a new roof with 50-year shingles and recently refreshed exterior paint. The interior features fresh neutral paint and epoxy-coated flooring throughout the spacious main floor, which includes a convenient his-and-hers bathroom. A finished loft area, previously used as office space, adds versatility. A partial basement with a half-bathroom and egress windows provides additional storage or expansion potential. Ample parking is available in the large parking lot, with extra land offering room for building expansion or further parking. The property currently utilizes a well and septic system, although city water and sewer are readily accessible at the lot line. Located on Route 64, just east of downtown Oregon, this property benefits from a prime location with high visibility. The electrical service is 101-200 amps. The total lot size is 58,713 square feet. This versatile space is ideal for a variety of retail uses and offers significant upside potential.

    Property Features for 1107 Il Rt 64

    General Information

    Property type
    Retail properties
    Square Feet
    6,600 SF
    Lot Size
    58,675 SF

    Building Details

    Year Built
    2004
    Stories
    1

    HighLights

    • 6,600 SF retail building on a 1.34‑acre lot (58,713 SF) in Oregon, IL.
    • New roof, fresh exterior paint, and updated interior.
    • Finished loft, partial basement with egress windows, and ample parking.
    • High‑visibility location on Route 64, near downtown Oregon.
    • 101‑200 amp electrical service.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Oregon
    County
    Ogle
    State
    Illinois
    Longitude
    -89.3149976
    Latitude
    42.0138399

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    FAQs

    What type of property is this?
    Retail property - 6,600 SF Retail Building, $449,000
    Where is this retail property located?
    The property is located at 1107 Il Rt 64 Oregon, IL.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: 6,600 SF retail building on a 1.34-acre lot (58,713 SF) in Oregon, IL.; New roof, fresh exterior paint, and updated interior.; Finished loft, partial basement with egress windows, and ample parking.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1107 Il Rt 64 Oregon, IL 61061
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