502 Franklin Street, Oregon, IL 61061
Description
Become a staple in the community by owning this transitional property that has so many possibilities for your business. Come in and explore the endless space and envision your becoming a thriving reality. Walking through the front door and step onto the original hardwood floors, ample sunlight covering two separate rooms. Room 1 (24.1′ x 21.2′) Room 2 (16.6′ x 12.6′). From there go into two additional rooms that can be divided in many ways. Room 1 (21.2′ x 13.3′) Room 2 (17.1 x 13.3′). There are additional smaller rooms that are both (12 x8.3′) that can be used as additional storage or office. This space has many features that add tons of value that many commercial spaces lack. Two bathrooms and one bathroom is ADA Compliant. Walk upstairs into a secluded space that could be converted into a quiet meeting space. New roof in 2023, updated electrical 2021, five mini-split electric heat and air units, three newer windows. With the growing need for Airbnb’s the possibilities are endless, and the layout is perfect to be converted into a residential space. If that isn’t enough this property is nestled in the TIF district, which has the possibility to enhance the new owner’s ability to start their dream business.
- Listing Courtesy of: Re/Max of Rock Valley
Details
Updated on June 16, 2026 at 6:44 am-
Property ID MRD12414744
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Price $155,900
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Year Built 1920
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Property Type Bad
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Property Status Pending
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Parcel Number 16031530140000
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MLS Status Pending
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Days On Market 342
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Cumulative Days On Market 331
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Tax Annual Amount 2874.82
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Cooling Window Unit(s)
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Directions Washington to 5th to Franklin
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BuildingAreaTotal 1800
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LotSizeSquareFeet 2906
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StoriesTotal 1
Address
Open on Google Maps- Address 502 Franklin Street
- City Oregon
- State/county IL
- Zip/Postal Code 61061
- Country United States
Overview
- Bad
- 1920
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