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$ 230,000
Est. payment /mo
New
1110 School ST Hillsboro, IL 62049
0.52 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Subdivision Prairie Heights
MLS Listing ID 26047915
Year Built 2014
Annual Tax Amount $8,979
Lot Size 0.516 Acres
Acres 0.5165
Property Sub-Type Business
Property Description
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.
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.
Location
State IL
County Montgomery
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace N
Appliance None
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected
View Y/N No
Building
Water Public
Structure Type Vinyl Siding
Others
Ownership Private
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Virtual Tour https://vimeo.com/1214325915?share=copy&fl=sv&fe=ci
Listed by Brandi Lentz • MCR Realty Professionals, Inc
NEARBY SCHOOLS & PROPERTIES
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