502 Franklin St, Oregon, IL 61061 - MLS 12008816

502 Franklin Street, Oregon, IL 61061 - Photo 1

1/23

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$184,900

For Sale
Active
Commercial
1,800 Sq. Ft.

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1/23

Property Description

Great downtown Oregon location for this retail/office building. This 1 level property has 1800+ sq ft currently used as a retail store. It has 3 separate entrances, 2 bathrooms (1 ADA compliant), 2 "retail shop" rooms with original hardwood 24.1x21.2 and 16.6 x12.6, 1 large room used as a classroom 21.2x13.3, office 12x8.3, another large room 17.1x13.3, 2nd office 12x8.3 and attic area with lots of potential is partially finished for use 17.7x13.3 & 14.4x13.7. Five mini-split electric heat & air units. New roof 2023, front sign posts are grandfathered in (actual sign will be removed), located in TIF district, pergola over patio, electrical redone in 2021, 3 newer windows, newer homemade main door, custom built beams on ceiling, barn doors on storage closet. Zoned commercial. Move your business right in!

Full Property Details

Full Property Details for 502 Franklin St

General

Price: $184,900
Taxes: $2,568 (2023)
Status: Active
Type: Commercial
Source: MRED
MLS ID: 12008816
Updated: 9/19/2024
Added to Site: 208 day(s) ago

Additional Information

Security/Safety: Fire Extinguisher(s)

Parking

Parking Features: 1 to 5 Spaces, Parking-Street

Location

Area: Oregon
County: Ogle
Township: Nashua
Driving Directions: Washington to 5th to Franklin
Location Details: Out of Area

Heating & Cooling

Cooling Type: Window Unit(s)
Heating Type: Electric, Steam

Structural Information

Exterior Const.: Cedar, Frame
Foundation: Concrete Perimeter
Roof: Composition
Stories/Levels: 1
Square Feet: 1,800
Year Built: 1920
Built Before 1978: Yes

Lot Features

Lot Size (Sq. Ft.): 2,906
Lot Dimensions: 46 x 66

Financial Considerations

Security Deposit: Fire Extinguisher/s
Assessment Year: 1920
Tax Amount: $2,568.38
Tax Year: 2023
Tenant Pays: Varies by Tenant

Disclosures and Reports

Property ID: 16031530110000

Listed by Re/Max of Rock Valley

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— 502 Franklin St —

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Schools

Schools serving 502 Franklin St

School District:Oregon Community Unit School District 220

Name	Grades	Distance
Oregon Elementary School 1150 Jefferson St, Oregon, IL 61061	PK-6	0.5 mi
David L. Rahn Junior High School 105 W Brayton Rd, Mount Morris, IL 61054	7-8	5.5 mi
Oregon High School, Oregon, IL 210 S 10th St, Oregon, IL 61061	9-12	0.5 mi

Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 502 Franklin St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

9/13/2024

Price Reduced

$184,900

-5.13%

MLS

3/20/2024

Listed

$194,900

153.12%

MLS

10/01/2021

Sold

$77,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 502 Franklin St

Year

Property Taxes

Change

Tax Assessment

Change

2023

$2,568

11%

$25,767

16%

2021

$2,320

-6%

$22,253

-7%

2022

$2,459

—

$23,849

—

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

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502 Franklin Street, Oregon, IL 61061 (MLS# 12008816) is a Commercial property. 502 Franklin Street is currently listed for $184,900 and was received on March 20, 2024. Want to learn more about 502 Franklin Street? Do you have questions about finding other Commercial real estate for sale in Oregon? You can browse all Oregon real estate or contact a Coldwell Banker agent to request more information.

502 Franklin St Oregon, IL 61061