112 North Ave Flora, IL 62839
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.
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The Gym Gym & Fitness Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.