502 Franklin Street — Oregon, IL 61061
Active
▼ $14,000
Oregon, IL 61061

502 Franklin Street

$155,900
0 beds · 0 baths
$14,000 below original 303 days on market $2,875/yr taxes
01About 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.

02Inside the home
03By the numbers
$155,900
List price
Square feet
Bedrooms
Bathrooms
1920
Year built
Lot size
Garage spaces
$2,875
Annual taxes
Mixed Use
Style
303
Days on market
04Features
Cooling
Window Unit(s)
Construction
CedarFrame
05Neighborhood
06History

Every event we have for this address, straight from the MLS.

May 14, 2026
Price reducedThis listing
Re/Max of Rock Valley
$155,900
−$14,000
Jul 9, 2025
Listed for saleThis listing
Re/Max of Rock Valley
$169,900
Sourced from MRED. Older events appear here as our history backfill completes.
07Ask Dwello

Real answers about this home — pricing, schools, what to ask, anything.

08See it for yourself

Stand in the kitchen.
See the light at 4pm.

Photos can only do so much. Pick a time — we'll meet you at the door.

Connect with Ewelina, Sonia, or Anna — real people on our team, no call centers.
09Similar homes
Listed by Re/Max of Rock Valley · Matthew Bouback
MLS data provided through MLS GRID · MRED MLS · MLS# MRD12414744
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