311 1st Avenue, Sterling, IL 61081
sale
$429,900
|
Other
Courtesy Of RE/MAX Sauk Valley
Investor alert! This is your chance to own a prime piece of downtown Sterling real estate with built-in income and significant upside potential. This 9,000+ square foot commercial property offers a strategic mix of existing rental income and available frontage ready for a new tenant or owner use. The front of the building features two expansive storefronts with soaring 15-foot ceilings, exposed brick, and stunning archways, an ideal setup for retail, gallery, or boutique service business. With large display windows and high visibility, this space is poised for strong tenant demand or owner-occupancy. The property includes, two long-term tenants, a successful hair salon and a popular tattoo studio, occupy separate spaces with dedicated entrances and convenient off-street parking, providing reliable income from day one. The main floor also includes two accessible restrooms for tenant use. The second level adds even more opportunity, featuring six private offices, a full bathroom, a large break/conference room, and a generous common area for storage or future development. The layout supports a range of potential uses, from coworking to studio rentals. Significant improvements have already been completed, including roof maintenance, LED lighting upgrades, and updates to HVAC, plumbing, and electrical systems. Whether you're looking to lease up the remaining space, reposition the property, or occupy part of it yourself, this downtown building offers solid returns with room to grow. Schedule your private showing today to explore the potential.
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Building Units: 5
- Cooling System: Central Air
- MLSID: 12424327
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