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508 E 3rd St
Sterling, IL 61081
Retail Property For Sale
Investment Highlights
- Heavy traffic exposure along East 3rd Street.?
- Open interior floor plan adaptable to multiple business concepts.
- Storefront parking with a resurfaced parking lot.
Executive Summary
508 E 3rd Street presents an opportunity to acquire a renovated commercial storefront positioned along a well-traveled corridor in Sterling, Illinois. The property has been updated to support immediate occupancy and offers flexibility for a variety of commercial uses. Recent improvements include new exterior paint, a steel roof, a refreshed interior, and a newly resurfaced parking area, reducing near-term capital improvement needs and enhancing the property's overall functionality.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,000 SF
Building Class
C
Year Built
1940
Price
$172,421 CAD
Price Per SF
$28.74 CAD
Building Height
1 Story
Building FAR
0.98
Lot Size
0.14 AC
Property Taxes
| Parcel Number | 1122351007 | Improvements Assessment | $11,406 CAD |
| Land Assessment | $5,929 CAD | Total Assessment | $17,335 CAD |
Property Taxes
Parcel Number
1122351007
Land Assessment
$5,929 CAD
Improvements Assessment
$11,406 CAD
Total Assessment
$17,335 CAD
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