You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET
Office Spaces

319-321 Locust St Fairbury, IL 61739

5,880 SF Built 1890
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Year built 1890
Total area 5,880 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 319-321 Locust St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message