502 Franklin Street Oregon, IL $ 169,900
502 Franklin Street
$ 169,900
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502 Franklin Street

Oregon, IL, 61061
$ 169,900
Bedrooms-- Baths-- Sq 1,800

Monthly Estimate*

$ 1,060

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Commercial Property for sale in Oregon, IL

for $169,900. This 1,800 square foot building was built in 1920 on a lot size of 0.066713.

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.

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Commercial Active

Price

$ 169,900

Property Type

Commercial

Taxes

$ 2,874

Style

Lot Size

0.066713

Year Built

1920

Town/City

Oregon

County/Region

Ogle

MLS | Web ID

12414744

Features
General
Cooling Window Unit(s)
Possession Closing
Roof Composition
Construction Materials Cedar Frame
Year Built 1920
Electric Service - 0 to 100 Amps
Tenant Pays Varies by Tenant
Stories Count 1
Township Nashua
Property Subtype Mixed Use
Tax Year 2024
Gross Income 0
County Ogle
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Status Active
Directions Washington to 5th to Franklin
City Oregon
Number Of Units Total 6
MLS Area Oregon
Lot Size Square Feet 2906
Tax Annual Amount 2874.82
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Standard Status Active
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 1800
Lot Dimensions 46X66
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* Excluded Features
List By
Re/Max Of Rock Valley

Broker

mattbouback@gmail.com

Email

Affordability Calculator

$1,299
Per Month
82%
18%
0%
Monthly Principal & Interest
$1,060
Monthly Property Taxes
$240
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/9/2025$169,900 Listed Price

Map


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502 Franklin Street, Oregon, IL, 61061 is a Commercial Property for sale at $169,900 with 1,800 sqft and a lot size of 0.066713. 502 Franklin Street was built in 1920. The property's zip code is 61061 which is in Oregon, IL