Property summary
This exceptional commercial property at 612 W Locust Street, Fairbury, IL, presents a unique opportunity for a variety of businesses or individual needs. Boasting over 4,000 square feet of space, this steel building sits on two corner lots, providing ample room for expansion or outdoor storage. The interior features a wide-open floor plan, ideal for workshops, storage, or large-scale operations. A substantial 14x18 overhead garage door allows for easy access for vehicles and equipment. The building is equipped with both natural gas heat and central air conditioning for year-round comfort, and also includes an oil burner for supplemental heating. The concrete floor is durable and easy to maintain. Five additional rooms offer versatile space for offices, parts storage, or other specialized uses. The property's location on the west end of Locust Street in Fairbury offers excellent visibility and accessibility. An additional empty lot is included, providing further potential for development or expansion. The owner is open to leasing options, making this a flexible and attractive investment. This property is commercially zoned.
Property profile
VerifiedCap rate & NOI
Current use
-
Auto Repair Shop
-
Roofing Company General Contractor
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.