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Listed by Shannon Collinsof Green Street Realty
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Est. payment /mo
New
500 N Pine ST Onarga, IL 60955
7,200 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 7,200 sqft
MLS Listing ID 12794744
Year Built 1989
Annual Tax Amount $1,912
Tax Year 2024
Lot Dimensions 4 acres
Property Sub-Type Mixed Use
Property Description
Attention investors and entrepreneurs! This unique dual income producing property offers revenue from an established fitness center and leased farmland, along with the potential for favorable property tax treatment on the agricultural acreage. Situated on 4 acres at the edge of town, yet within city limits, this versatile 7,200 square foot steel building is divided into three spacious 40' x 60' sections, offering a combination of finished shop space, an operating fitness center, and additional insulated storage or workshop space. The west section features a heated shop with concrete floors, a floor drain, a full kitchen, bathroom, storage loft, and a 12-foot overhead door. The middle section houses an established, income-producing fitness center with approximately 85 members, central heating and cooling, two bathrooms, 24-hour key fob access, and a separate room roughed in for future showers. The seller is willing to negotiate the gym equipment separately, providing an opportunity to continue operating the existing business. Alternatively, buyers may choose to repurpose the space for their own business operations, personal use, or owner occupancy rather than continuing the fitness center. The east section offers insulated, unheated shop or storage space with gravel flooring and two large 14-foot sliding doors, ideal for equipment, vehicles, or additional business operations. Additional features include spray foam insulation, blown-in attic insulation, a seven-camera security system, and city water and sewer. Approximately 3 acres are currently rented for farming, generating additional annual income while potentially offering agricultural property tax benefits. Commercial and AG-1 zoning provides a variety of possibilities, including potential agricultural uses. With two existing income sources, multiple functional spaces, and room for future opportunities, this property offers excellent flexibility for investors, business owners, and entrepreneurs!
Location
State IL
County Iroquois
Zoning OTHER
Interior
Cooling Central Air
Fireplace Y
Exterior
View Y/N true
Roof Type Metal
Building
Structure Type Steel Siding
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