Skip To Content

502 Franklin Street

Oregon, IL 61061
  • $159,900
  • STATUS: Active
  • ON SITE: 194 Days
  • MLS #: 12414744
UPDATED: 44 min ago
$159,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1920
County:
Area:

School Ratings & Info

Description

Become a staple in the community by owning this transitional property that has so many possibilities for your business. Come in and explore the endless space and envision your becoming a thriving reality. Walking through the front door and step onto the original hardwood floors, ample sunlight covering two separate rooms. Room 1 (24.1' x 21.2') Room 2 (16.6' x 12.6'). From there go into two additional rooms that can be divided in many ways. Room 1 (21.2' x 13.3') Room 2 (17.1 x 13.3'). There are additional smaller rooms that are both (12 x8.3') that can be used as additional storage or office. This space has many features that add tons of value that many commercial spaces lack. Two bathrooms and one bathroom is ADA Compliant. Walk upstairs into a secluded space that could be converted into a quiet meeting space. New roof in 2023, updated electrical 2021, five mini-split electric heat and air units, three newer windows. With the growing need for Airbnb's the possibilities are endless, and the layout is perfect to be converted into a residential space. If that isn't enough this property is nestled in the TIF district, which has the possibility to enhance the new owner's ability to start their dream business.

Monthly Payment Calculator



© 2026 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 Ani Real Estate. Based on information submitted to the MRED as of 2026-01-20T23:01:17.88 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
www.anirealestate.com/homes/165679684
Print Image

502 Franklin Street Oregon, IL 61061

  • Price: $159,900
  • Status: Active
  • On Site: 194 Days
  • Updated: 44 min ago
  • MLS #: 12414744
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1920
Built
Neighborhood:
Ogle
County:
Ogle
Area:
Ogle
Property Description
Become a staple in the community by owning this transitional property that has so many possibilities for your business. Come in and explore the endless space and envision your becoming a thriving reality. Walking through the front door and step onto the original hardwood floors, ample sunlight covering two separate rooms. Room 1 (24.1' x 21.2') Room 2 (16.6' x 12.6'). From there go into two additional rooms that can be divided in many ways. Room 1 (21.2' x 13.3') Room 2 (17.1 x 13.3'). There are additional smaller rooms that are both (12 x8.3') that can be used as additional storage or office. This space has many features that add tons of value that many commercial spaces lack. Two bathrooms and one bathroom is ADA Compliant. Walk upstairs into a secluded space that could be converted into a quiet meeting space. New roof in 2023, updated electrical 2021, five mini-split electric heat and air units, three newer windows. With the growing need for Airbnb's the possibilities are endless, and the layout is perfect to be converted into a residential space. If that isn't enough this property is nestled in the TIF district, which has the possibility to enhance the new owner's ability to start their dream business.
Exterior Features

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 2874.82 Tax Year 2024 Tenant Pays Varies by Tenant Total Monthly Income 0 Township Nashua Type Mixed Use

Listing information © 2026 Midwest Real Estate Data LLC.
Listing provided courtesy of Re/Max of Rock Valley: 815-732-9100.


© 2026 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 Ani Real Estate. Based on information submitted to the MRED as of 2026-01-20T23:01:17.88 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
 
https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_12414744-1.jpg https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_12414744-1.jpg https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_12414744-1.jpg
Logo
Ani Real Estate
7300 S Cottage Grove Ave Suite B
Chicago IL, 60619-1910