311 1st AVE new Save Request In-Person Tour Request Virtual Tour
Sterling,IL 61081
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 9,924 sqft
Price per Sqft $43
MLS Listing ID 12424327
Year Built 1920
Annual Tax Amount $6,842
Tax Year 2024
Lot Dimensions 47X135
Property Sub-Type Retail/Stores
Property Description
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.
Location
State IL
County Whiteside
Area Sterling
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Retail/Stores
Level or Stories 2