Property profile

115 N 3Rd St Fairbury, IL 61739

FOR SALE
Commercial real estate
Property ID
US28-2588800
0.77 ac lot
Individually Owned Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.77 ac (33,541 SF)
APN 25-25-03-453-031
UPID US28-2588800

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bank Loan Service

Location

115 N 3Rd St Fairbury, IL 61739
Fairbury metro Census 960800 PONTIAC, IL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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