112 North Ave Flora, IL 62839
- Commercial real estate
- 1,880 SF
Current Use by Public Records
- The Gym / Gym
Property Details for 112 North Ave
- Property size
- 1,880 SF
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Flora
- County
- Clay
- State
- Illinois
- Longitude
- -88.4853
- Latitude
- 38.6688