311 1st Avenue Sterling, IL $ 429,900
311 1st Avenue
$ 429,900
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311 1st Avenue

Sterling, IL, 61081
$ 429,900
Bedrooms-- Baths-- Sq 9,924

Monthly Estimate*

$ 2,682

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Commercial Property for sale in Sterling, IL

for $429,900. This 9,924 square foot building was built in 1920 on a lot size of 0.145661.

Investor alert! This is your chance to own a prime piece of downtown Sterling real estate with built-in income and significant upside potential. This 9,000+ square foot commercial property offers a strategic mix of existing rental income and available frontage ready for a new tenant or owner use. The front of the building features two expansive storefronts with soaring 15-foot ceilings, exposed brick, and stunning archways, an ideal setup for retail, gallery, or boutique service business. With large display windows and high visibility, this space is poised for strong tenant demand or owner-occupancy. The property includes, two long-term tenants, a successful hair salon and a popular tattoo studio, occupy separate spaces with dedicated entrances and convenient off-street parking, providing reliable income from day one. The main floor also includes two accessible restrooms for tenant use. The second level adds even more opportunity, featuring six private offices, a full bathroom, a large break/conference room, and a generous common area for storage or future development. The layout supports a range of potential uses, from coworking to studio rentals. Significant improvements have already been completed, including roof maintenance, LED lighting upgrades, and updates to HVAC, plumbing, and electrical systems. Whether you're looking to lease up the remaining space, reposition the property, or occupy part of it yourself, this downtown building offers solid returns with room to grow. Schedule your private showing today to explore the potential.

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Commercial Active

Price

$ 429,900

Property Type

Commercial

Taxes

$ 6,842

Style

Lot Size

0.145661

Year Built

1920

Town/City

Sterling

County/Region

Whiteside

MLS | Web ID

12424327

Features
General
Cooling Central Air
Zoning COMMR
Year Built 1920
Electric Service - 101 to 200 Amps
Stories Count 2
Property Subtype Other
Tax Year 2024
Gross Income 0
County Whiteside
Net Operating Income 2000
Insurance Expense 0
Property Type Commercial Sale Retail/Stores
Status Active
Directions Locust to E 3rd St left on 1st Ave.
City Sterling
Number Of Units Total 5
MLS Area Sterling
Lot Size Square Feet 6345
Tax Annual Amount 6842.66
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Leasable Area 0
Standard Status Active
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Exterior
Building Area Total 9924
Lot Dimensions 47X135
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* Excluded Features
List By
Re/Max Sauk Valley

Broker

opalsundranirealtor@gmail.com

Email

Affordability Calculator

$3,252
Per Month
82%
18%
0%
Monthly Principal & Interest
$2,682
Monthly Property Taxes
$570
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
7/18/2025$429,900 Listed Price

Map


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311 1st Avenue, Sterling, IL, 61081 is a Commercial Property for sale at $429,900 with 9,924 sqft and a lot size of 0.145661. 311 1st Avenue was built in 1920. The property's zip code is 61081 which is in Sterling, IL