Technical
Financial
Distress signals
Property profile

502 Franklin St Oregon, IL 61061

OFF-MARKET
Other office properties
Property ID
US28-0016343
0.07 ac lot
Entity Owned 4-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This one-level retail/office building is located in downtown Oregon, Illinois, and contains approximately 1,800 square feet of interior space. The layout is configured for flexible use, including access through three separate entrances and room-by-room areas suitable for individual offices, open workspaces, or retail space. Flooring includes two rooms with original hardwood floors sized 24.1' x 21.2' and 16.6' x 12.6', plus additional larger rooms measuring 21.2' x 13.3' and 17.1' x 13.3', along with two smaller rooms sized 12' x 8.3'. The building also includes a partially finished attic for additional usable potential. There are two bathrooms, including one ADA-compliant bathroom. Architectural and interior features include custom-built ceiling beams, barn doors on storage closets, and a handcrafted front door. Building systems include a roof replacement completed in 2023, updated electrical systems completed in 2021, five mini-split electric heat and air units, and three newer windows. The property is situated within a TIF District and has potential for re-zoning to residential use.

Property profile

Verified
Property type Other office properties
Use group OFFICE (GENERAL)
Lot 0.07 ac (3,036 SF)
APN 16-03-153-014
UPID US28-0016343

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
  • Production Facility Furniture & Home Goods
  • Home Decor Store Department Store
  • Insurance Agency

Location

502 Franklin St Oregon, IL 61061-1438
Oregon metro Census 961400 ROCHELLE, IL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$55k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$80k

Owner & transaction history

since 2021
Last sale
$77,000
2 recorded transactions
2024
Price N/A
2021
$77,000

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
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 502 Franklin 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.
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