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109 S 2nd St 1,414 SF 100% Leased Office Building Watseka, IL 60970 $100,000 ($70.72/SF)



Investment Highlights
- Flexible layout includes private offices, reception space, and open work areas
- Located within Watseka's downtown business district with strong visibility
- Large windows provide abundant natural light throughout the interior
- Built-in vault offers secure on-site storage capability
Executive Summary
109 S 2nd Street presents an opportunity to acquire a freestanding commercial office property in the heart of downtown Watseka. The one-story stone and masonry building offers a flexible layout that can accommodate a variety of business, professional, service, nonprofit, retail, or investment uses. Its downtown location provides visibility along a well-established commercial corridor, placing the property among local businesses, government services, and community amenities that support daily activity throughout the district.
The interior is configured with two private offices, multiple cubicle workstations, a reception area, and open workspace that can be adapted to changing operational needs. Large windows throughout the building provide natural light and contribute to an inviting work environment. Additional property features include a built-in vault for secure storage, solar panels, updated lighting, central air conditioning, and clean interior finishes. The flexible floor plan allows an owner-occupant or investor to reconfigure the space for a range of commercial applications.
Watseka serves as the county seat of Iroquois County and functions as a regional service center for the surrounding agricultural and rural communities. The property's downtown setting offers convenient access to local commerce, municipal services, and transportation routes serving the broader region. For buyers seeking an established commercial asset with adaptable space, durable construction, and a recognizable downtown presence, 109 S 2nd Street offers a practical opportunity in a central business district location.
The interior is configured with two private offices, multiple cubicle workstations, a reception area, and open workspace that can be adapted to changing operational needs. Large windows throughout the building provide natural light and contribute to an inviting work environment. Additional property features include a built-in vault for secure storage, solar panels, updated lighting, central air conditioning, and clean interior finishes. The flexible floor plan allows an owner-occupant or investor to reconfigure the space for a range of commercial applications.
Watseka serves as the county seat of Iroquois County and functions as a regional service center for the surrounding agricultural and rural communities. The property's downtown setting offers convenient access to local commerce, municipal services, and transportation routes serving the broader region. For buyers seeking an established commercial asset with adaptable space, durable construction, and a recognizable downtown presence, 109 S 2nd Street offers a practical opportunity in a central business district location.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
1,414 SF
Building Class
C
Year Built
1940
Price
$100,000
Price Per SF
$70.72
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
1,414 SF
Building FAR
0.44
Lot Size
0.07 AC
Opportunity Zone
Yes
Zoning
OFFIC/Commercial - Office/Commercial
Parking
7 Spaces (4.95 Spaces per 1,000 SF Leased)
1 1
Somewhat walkable
30/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 19-32-452-011 | Improvements Assessment | $79,011 |
| Land Assessment | $9,099 | Total Assessment | $88,110 |
Property Taxes
Parcel Number
19-32-452-011
Land Assessment
$9,099
Improvements Assessment
$79,011
Total Assessment
$88,110
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109 S 2nd St
