Blue Sapphire line

1110 School Street

Hillsboro, IL 62049

Hillsboro, IL 62049

1110 School Street

$230,000

MLS#: 26047915

Status: Active

Listing provided by: MCR Realty Professionals, Inc

Listing agent phone: None

Last update: a month ago

On site: a month ago

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Prairie Heights - Commercial Sale

About

Exceptional investment and business opportunity on 1/2 +/- acres! This 3,150+/- square foot commercial building, constructed in 2014 and formerly operated as a dance studio, offers outstanding flexibility for a variety of commercial or potential future residential uses. Situated along highly traveled Illinois State Route 16 with an average daily traffic count of approximately 5,550 vehicles, the property provides excellent visibility and accessibility. Inside, you'll find two expansive 29' x 39' studio spaces with 10-foot ceilings, a fully accessible entrance, welcoming reception/retail lobby, private office with a walk-in closet, and two restrooms. The full unfinished basement features poured concrete walls, an egress window, roughed-in plumbing for an additional bathroom, and engineered floor joists, providing exceptional storage or future expansion potential. Additional features include dual HVAC systems, a smart thermostat, energy-efficient LED lighting throughout, and a large concrete parking lot. Also included in the sale is the adjoining property at 1112 School St., an 816 square foot, 2 bedroom, 1 bath rental home generating $650 per month with a long-term tenant in place since 2019, offering immediate, dependable income. Investors may wish to explore the possibility of obtaining a zoning variance to convert the commercial building into multi-family residential units, subject to municipal approval. Alternatively, the adjoining home could potentially be removed to accommodate additional parking or future site improvements, subject to local regulations. Whether you're looking to establish or expand your business, invest in an income-producing property, or explore future redevelopment opportunities, this unique property offers exceptional versatility and endless possibilities.

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

2014

Sq.Footage

3,150

Features

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Heating YN

    YES

  • Heating

    Forced Air, Natural Gas

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Vinyl Siding

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.5165

  • Lot Size(square feet)

    22,498

  • Property Type

    Commercial Sale

  • Property Sub Type

    Business

Price

  • Sales Price

    $230,000

  • Tax Amount

    $8,979

  • Sq. Footage

    3,150

  • Price/SqFt

    $73

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    1

  • Foundation Details

    Concrete Perimeter, Permanent

  • Ownership

    Private

  • Water Source

    Public

Schedule

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Location

  • County

    Montgomery

  • Elementary School

  • Middle School

  • High School

Listing Courtesy of Brandi Lentz, MCR Realty Professionals, Inc

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Phone (242) 532-3421

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#26025810

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1122 Vandalia Road

None Beds

None Baths

3,120 Sq.Ft.

$250,000

MLS#: 26025810

Exceptional investment and business opportunity on 1/2 +/- acres! This 3,150+/- square foot commercial building, constructed in 2014 and formerly operated as a dance studio, offers outstanding flexibility for a variety of commercial or potential future residential uses. Situated along highly traveled Illinois State Route 16 with an average daily traffic count of approximately 5,550 vehicles, the property provides excellent visibility and accessibility. Inside, you'll find two expansive 29' x 39' studio spaces with 10-foot ceilings, a fully accessible entrance, welcoming reception/retail lobby, private office with a walk-in closet, and two restrooms. The full unfinished basement features poured concrete walls, an egress window, roughed-in plumbing for an additional bathroom, and engineered floor joists, providing exceptional storage or future expansion potential. Additional features include dual HVAC systems, a smart thermostat, energy-efficient LED lighting throughout, and a large concrete parking lot. Also included in the sale is the adjoining property at 1112 School St., an 816 square foot, 2 bedroom, 1 bath rental home generating $650 per month with a long-term tenant in place since 2019, offering immediate, dependable income. Investors may wish to explore the possibility of obtaining a zoning variance to convert the commercial building into multi-family residential units, subject to municipal approval. Alternatively, the adjoining home could potentially be removed to accommodate additional parking or future site improvements, subject to local regulations. Whether you're looking to establish or expand your business, invest in an income-producing property, or explore future redevelopment opportunities, this unique property offers exceptional versatility and endless possibilities.

1110 School Street

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