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Property profile & analytics
OFF-MARKET
Commercial real estate

112 North Ave Flora, IL 62839

1,880 SF
Property ID
Property summary
AI-generated overview

This versatile 1,880 sq ft commercial building in downtown Flora, IL, presents a unique investment opportunity. The main level offers 1,280 sq ft of retail space, ideal for a variety of businesses. Some remodeling is complete, with a portion of a wall needing finishing. The main floor also includes three additional rooms suitable for storage, bathrooms, or HVAC system installation. Upstairs, another 1,280 sq ft provides ample space for a residential apartment, offering the potential for mixed-use development. Adding to its functionality is a 600 sq ft warehouse area accessible from Railroad Street, featuring an overhead door for convenient loading and unloading. The building boasts updated electrical wiring, though plumbing and HVAC systems require completion. This property's prime downtown location and adaptable layout make it an attractive prospect for entrepreneurs and investors seeking a blend of commercial and residential potential. The building's existing features, combined with the potential for further development, create a compelling opportunity to shape a thriving business and/or living space in the heart of Flora. The combination of retail, residential, and warehouse space offers significant flexibility and potential for high returns.

Property profile
Verified
Property type Commercial real estate
Total area 1,880 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
Current use
Occupant on record · Public records
  • The Gym Gym & Fitness Center
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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