Property profile

1107 Il Rt 64 Oregon, IL 61061

OFF-MARKET
Retail properties & Spaces
6,600 SF 1.35 ac lot Built 2004
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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

Location

1107 Il Rt 64 Oregon, IL 61061
Oregon metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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