319-321 Locust St Fairbury, IL 61739
This exceptional 5,880 square foot commercial building, located at 319-321 W. Locust Street in Fairbury, Illinois, presents a rare opportunity to acquire a piece of local history. Constructed in 1890, this landmark property boasts a rich history of successful businesses and is ideally situated along the railroad. The building features fifteen rooms, offering versatile space adaptable to a variety of commercial uses. The layout includes dedicated office spaces, drafting rooms, and a formal conference room, ensuring functionality for diverse business needs. Two bathrooms provide ample convenience. An attached garage offers valuable storage space, complemented by additional loft storage above. A unique feature is the original wooden elevator, adding character and historical significance. The building is equipped with two furnaces, one for each floor, and central air conditioning, ensuring year-round comfort. With its substantial size, prime location, and historical charm, this property is poised for continued success and represents a significant investment opportunity in the heart of Fairbury. The building's solid construction and well-maintained features promise many more years of productive use. Don't miss this chance to own a piece of Fairbury's legacy.
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
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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.