Active
502 Franklin Street
Oregon, IL 61061
$155,900 ▼ $14,000 from $169,900
0beds
0baths
—sqft
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About this home
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.
MLS Description — as provided by the listing brokerage.
The facts
Property typeCommercial Sale
Year built1920
Lot size—
Annual tax$2,874.82
CountyOgle
MLS #MRD12414744
Days on market279
Features
Cooling
Window Unit(s)
Construction
CedarFrame
Listed by
Re/Max of Rock Valley
Matthew Bouback
Listing courtesy of mred MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of 4/13/2026, 5:06:05 AM. All data should be independently verified.
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