502 Franklin Street

Oregon, IL 61061

$194,900
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Great downtown Oregon location for this retail/office building. This 1 level property has 1800+ sq ft currently used as a retail store. It has 3 separate entrances, 2 bathrooms (1 ADA compliant), 2 "retail shop" rooms with original hardwood 24.1x21.2 and 16.6 x12.6, 1 large room used as a classroom 21.2x13.3, office 12x8.3, another large room 17.1x13.3, 2nd office 12x8.3 and attic area with lots of potential is partially finished for use 17.7x13.3 & 14.4x13.7. Five mini-split electric heat & air...Great downtown Oregon location for this retail/office building. This 1 level property has 1800+ sq ft currently used as a retail store. It has 3 separate entrances, 2 bathrooms (1 ADA compliant), 2 "retail shop" rooms with original hardwood 24.1x21.2 and 16.6 x12.6, 1 large room used as a classroom 21.2x13.3, office 12x8.3, another large room 17.1x13.3, 2nd office 12x8.3 and attic area with lots of potential is partially finished for use 17.7x13.3 & 14.4x13.7. Five mini-split electric heat & air units. New roof 2023, front sign posts are grandfathered in (actual sign will be removed), located in TIF district, pergola over patio, electrical redone in 2021, 3 newer windows, newer homemade main door, custom built beams on ceiling, barn doors on storage closet. Zoned commercial. Move your business right in!
  1. Listed by Rebecca Adams • Re/Max of Rock Valley

Property Details for 502 Franklin Street

Area
Oregon
Township
Nashua

Location

Listing Courtesy of Re/Max of Rock Valley
Add your commute
LISTING UPDATED: 03/27/2024 03:00 AM

Property Details for 502 Franklin Street

StatusActive
MLS #12008816
Days on Market61
Taxes$2,459 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1920
Lot Size0.07 AC / 2,906 SF
CountyOgle County

Location

Listing Courtesy of Re/Max of Rock Valley
Add your commute

Building Information for 502 Franklin Street

Stories-Residences6Year Built1920Lot Size0.07 AC / 2,906 SF

Payment Calculator

$1,269 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,064

Property Taxes

$205

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 502 Franklin Street

General Information
Addtl Parking Information
  • Outdoor Parking: 1-5 Spaces,Parking-Street
  • Open Parking Spaces: 4.0
Location and General Information
  • Geographic Locale: Out of Area
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Window Unit(s)
  • Electric: Service - 0 to 100 Amps
  • Heat/Ventilation: Electric,Steam
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 0
Property/Lot Information
  • Tenant Pays: Varies by Tenant
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 46X66
  • Lot Size Square Feet: 2906.0
  • Stories: 1
  • Exterior Building Type: Cedar, Frame
  • Roof Type: Composition
  • Fire Protection: Fire Extinguisher/s
  • Roof Structure: Pitched
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 1800
  • # Of Offices: 6
  • # Of Stores: 0
  • Property Sub Type: Mixed Use
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 23
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $.00
  • Gross Scheduled Income: $.00
  • Insurance Expense: $.00
  • Total Monthly Income: 0
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 502 Franklin Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 502 Franklin Street

Taxable ValueLand$3,393Additions$20,456Total$23,849
Tax Record2022$2,459 ($205 / month)
Home Facts
Lot Size3,036 SqFtStyleOffice BuildingCountyOGLEAPN16-03-153-014

Schools near 502 Franklin Street

This home is within Oregon Community Unit School District 220.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Oregon Elementary School
PublicPK to 6

David L Rahn Junior High School
Public7 to 8

Oregon High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

502 Franklin Street is a mixed use property for sale in Oregon, IL 61061. This property was listed for sale on March 20, 2024 by Re/Max of Rock Valley, it's currently listed at $194,900. It has been on the market for a total of 61 days and was last sold on October 1, 2021. This listing's school district is Oregon Community Unit School District 220. Nearby schools include Oregon Elementary School, David L Rahn Junior High School and Oregon High School. 502 Franklin Street is a 0-bed, 0-bath, mixed use property built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Re/Max of Rock Valley

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.