115 3Rd St Fairbury, IL 61739
- Commercial real estate
- 0.77 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 115 3Rd St
- Lot size
- 0.77 lot acres
- Property type
- Commercial real estate
- APN
- 25-25-03-453-031
- APU
- 252503453031
Description
This exceptional two-story office building, totaling 33,541 square feet, is situated on a 0.77-acre lot in Fairbury, Illinois. Built in 1981, this Class B property offers 9,248 square feet of net rentable space, priced at $17.26 per square foot. The building features a spacious layout, including multiple private offices, open work areas, a lobby/atrium, teller area, vault, kitchenettes, and restrooms on both floors. The first floor boasts five private offices (approximately 100 square feet each), while the second floor, accessible by elevator, includes a boardroom and additional office space. The property includes 24 parking spaces and a canopy. The building is equipped with 600 Amp 200V 3-Phase power. Located just north of downtown Fairbury, a town of approximately 3,700 residents, this property benefits from its proximity to US Route 24, between Interstates 55 and 57 in Livingston County. The sale includes a five-year deed restriction against financial institutions and financial services. The property's permitted zoning is C. The APN is 25-25-03-453-031. This well-maintained building presents a unique opportunity for owner-users seeking a substantial and versatile office space.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $310,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $410,000
- 6.5%
- $370,000
- 7%
- $355,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $395,000
- Geo Method
- $380,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $410,000
- Retail
- $420,000
- Mixed-Use
- $450,000
- Hospitality
- $390,000
- Educational
- $345,000
- Residential Income
- $360,000
- Energy
- $350,000
- Income-Based Land
- $350,000
- Food Service
- $340,000
Location Insight
- Map
- Local Demand
- City
- Fairbury
- County
- Livingston
- State
- Illinois
- Longitude
- -88.5127
- Latitude
- 40.7477
- CBSA code
- 38700
- CBSA name
- PONTIAC, IL MICROPOLITAN STATISTICAL AREA