1110 School ST, Hillsboro, IL 62049
1110 School ST, Hillsboro, IL 62049
1110 School ST, Hillsboro, IL 62049
Additional details
Joe LoPiccolo

Joe LoPiccolo

+1(314) 422-0125
$230,000
Est. payment /mo
0.52 Acres Lot
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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.

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

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Listed by Brandi Lentz • MCR Realty Professionals, Inc

Nearby School & Business

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Joe LoPiccolo

Joe LoPiccolo

+1(314) 422-0125

Broker Associate | License ID: 2005026477

Broker Associate License ID: 2005026477

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