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Listing provided courtesy of Crawford Realty, LLCMREDas Distributed by MLSGrid- MLS# 12652484MLS Provider

116 W South StreetFranklin Grove, IL 61031

Commercial · 2,400 Sq. ft.
$129,900 Active

116 W South Street Overview

Time on Site:
41 days
Visits:
0

Well-maintained 2,400 SF commercial building in the heart of Franklin Grove offering excellent flexibility for a variety of business uses. Features include two overhead garage doors, shop/workspace area, reception area, private office, and private bathroom. Recent improvements include new siding, electrical, plumbing, heating updates, mini-split A/C, and backup generator. Ideal for detailing, contractor operations, service business use, light automotive, storage, and more. Rare small-town commercial opportunity with major updates already completed.

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116 W South Street Facts & Features

  • Type Commercial
  • Sq. ft. 2,400
  • Price/Sq.ft. $54

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Income: 0
  • Gross Scheduled Income: 0
  • Insurance Expense: 0
  • Trash Expense: 0
  • Water Sewer Expense: 0

Building Information

  • Year Built: 1955

Business Information

  • Current Use: Automotive

Location/Region

  • County Or Parish: Lee
  • MLS Area Major: Franklin Grove
  • Township: Franklin Grove

Tax Information

  • Tax Annual Amount: $3,001.34
  • Tax Year: 2025

General Information

  • Parcel Number: 06090115700200
  • Property Type: Commercial Sale

Interior

Building Interior

  • Building Area Total: 2400

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers, Service - 101 to 200 Amps
  • Stories: 1

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 55x99
  • Lot Size Square Feet: 5445

General Information

  • Number Of Units Total: 1

116 W South Street Neighborhood

Community

61031 (FRANKLIN GROVE) Demographics

44
Median Age
35
Population Density (per sq. mile)
28%
College Educated
$47,159
Estimated Median Income
442
Estimated Total Home Owners
200
Estimated Total Renters
69% / 31%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

116 W South Street Monthly Cost

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$ %
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$
$
Marc Churchill
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

116 W South Street Market Data

Based on the last 30 days in this zip code

$672,760
Average List Price
$92
Average Price per Square Foot
3
Properties Sold
85
Average Days on Market
5
Properties for Sale
Calculations provided by Reliance Network

116 W South Street History

Date Event Value Agent
6/23/2026Source: MRED Status Change
Active
6/17/2026Source: MRED Price Reduction
$129,900 -3.7%
6/17/2026Source: MRED Status Change
Price Change
5/25/2026Source: MRED Status Change
Active
5/20/2026Source: MRED Added to Database
May 20, 2026
6/20/2022Source: MRED Added to Database
January 27, 2022
3/31/2022Source: MRED Status Change
Closed