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    OFF-MARKET
    Retail properties & Spaces

    1107 Il Rt 64, Oregon, IL 61061

    6,600 SF 1.35 ac lot Built 2004
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Retail properties & Spaces
    Year built 2004
    Total area 6,600 SF
    Lot 1.35 ac (58,675 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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