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502 Franklin Street

Oregon, IL 61061
  • $179,900
  • STATUS: Active
  • ON SITE: 359 Days
  • MLS #: 12008816
UPDATED: 18 min ago
$179,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1920
County:
Area:

School Ratings & Info

Description

Prime Downtown Opportunity with Unlimited Potential! Nestled in a coveted downtown Oregon location, this stunning retail/office building is brimming with possibilities! Whether you're envisioning a boutique retail space, a stylish office, or a trendy salon, this one-level, 1,800+ sq. ft. property offers the flexibility to bring your vision to life! With three separate entrances and a thoughtful layout, you'll find spaces perfect for creating individual rooms, private offices, or open workspaces. Highlights include: Two gorgeous rooms with original hardwood floors (24.1' x 21.2' and 16.6' x 12.6'); two additional spacious rooms (21.2' x 13.3' and 17.1' x 13.3'); two smaller rooms (each 12' x 8.3'); and a partially finished attic bursting with potential. The property also features two bathrooms (one ADA-compliant), custom-built ceiling beams, barn doors on storage closets, and a handcrafted front door that adds undeniable charm. With a new roof in 2023, updated electrical in 2021, five mini-split electric heat & air units, three newer windows, and inclusion in the TIF District, this property is ready to meet your needs today and in the future. Or reimagine the space - with the potential for re-zoning to residential, you can turn this gem into the cutest downtown home. Imagine a unique living space that combines historic charm with modern amenities. Don't miss this chance to own a property where your imagination sets the limits! Call today to schedule a showing and start dreaming big!

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© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Suburban Life Realty. Based on information submitted to the MRED as of 2025-03-15T20:00:01.473 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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502 Franklin Street Oregon, IL 61061

  • Price: $179,900
  • Status: Active
  • On Site: 359 Days
  • Updated: 18 min ago
  • MLS #: 12008816
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1920
Built
Neighborhood:
Ogle
County:
Ogle
Area:
Ogle
Property Description
Prime Downtown Opportunity with Unlimited Potential! Nestled in a coveted downtown Oregon location, this stunning retail/office building is brimming with possibilities! Whether you're envisioning a boutique retail space, a stylish office, or a trendy salon, this one-level, 1,800+ sq. ft. property offers the flexibility to bring your vision to life! With three separate entrances and a thoughtful layout, you'll find spaces perfect for creating individual rooms, private offices, or open workspaces. Highlights include: Two gorgeous rooms with original hardwood floors (24.1' x 21.2' and 16.6' x 12.6'); two additional spacious rooms (21.2' x 13.3' and 17.1' x 13.3'); two smaller rooms (each 12' x 8.3'); and a partially finished attic bursting with potential. The property also features two bathrooms (one ADA-compliant), custom-built ceiling beams, barn doors on storage closets, and a handcrafted front door that adds undeniable charm. With a new roof in 2023, updated electrical in 2021, five mini-split electric heat & air units, three newer windows, and inclusion in the TIF District, this property is ready to meet your needs today and in the future. Or reimagine the space - with the potential for re-zoning to residential, you can turn this gem into the cutest downtown home. Imagine a unique living space that combines historic charm with modern amenities. Don't miss this chance to own a property where your imagination sets the limits! Call today to schedule a showing and start dreaming big!
Exterior Features

Exterior Building Type CedarFrame Foundation Details Concrete Perimeter Outdoor Parking 1-5 SpacesParking-Street Roof Composition Roof Structure Pitched

Interior Features

Cooling Window Unit(s) Heat Ventilation ElectricSteam

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 1800 Built Before1978 YN Yes Electric Service - 0 to 100 Amps Fire Protection Fire Extinguisher/s Geographic Locale Out of Area Gross Income 0 Gross Scheduled Income 0 Insurance Expense 0 Mls Actual Status Active Property Sub Type Mixed Use Rental Price 0 Tax Annual Amount 2568.38 Tax Year 2023 Tenant Pays Varies by Tenant Total Monthly Income 0 Township Nashua Type Mixed Use

Listing information © 2025 Midwest Real Estate Data LLC.
Listing provided courtesy of Re/Max of Rock Valley: 815-732-9100.


© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Suburban Life Realty. Based on information submitted to the MRED as of 2025-03-15T20:00:01.473 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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