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.
0 Bed
0 Bath
0 sq.ft
$0 per sq.ft
$ 230,000
Active
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26047915
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Prairie Heights
Montgomery
Commercial Sale
Commercial Sale
$8,979
Last 6 closed homes in this zip.
| Address | Bd/Ba | SqFt | List | Sold | Closed |
|---|---|---|---|---|---|
| 331 N East Street, Hillsboro, IL 62049 | 2/1 | 1,262 | $51,900 | $48,900 94.2% of ask |
Aug 31, 2026 |
| 21 Helston Place, Hillsboro, IL 62049 | 4/2 | 1,800 | $199,900 | $210,000 105.1% of ask |
Aug 28, 2026 |
| 1219 School Street, Hillsboro, IL 62049 | 2/1 | 900 | $49,000 | $49,000 100% of ask |
Aug 24, 2026 |
| 1045 Bell Place, Hillsboro, IL 62049 | 3/1 | 961 | $60,000 | $58,000 96.7% of ask |
Aug 24, 2026 |
| 123 Patterson Drive, Hillsboro, IL 62049 | 3/2 | 1,824 | $175,000 | $175,000 100% of ask |
Aug 7, 2026 |
| 17261 N 9th Avenue, Hillsboro, IL 62049 | 2/1 | 1,144 | $129,000 | $90,000 69.8% of ask |
Aug 7, 2026 |
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Opportunity awaits with this 2-bedroom, 1-bath home located on a residential street in Hillsboro. The main level features a functional layout beginning with a laundry/mudroom entry that flows into the kitchen, dining room, and living room, with both bedrooms and the full bathroom. A spacious enclosed front porch provides additional versatile space that can be enjoyed throughout much of the year. Additional features include an unfinished cellar basement and a detached two-car garage with both front and rear entry doors, offering added convenience for storage, hobbies, or parking. The property is being offered in its current condition and will require repairs and updates. Conveniently situated in Hillsboro, this home offers easy access to local parks, schools, shopping, dining, and community amenities, with nearby highways providing convenient travel to surrounding communities. With vision and renovation, this property presents an excellent opportunity to restore and customize a home to meet your needs. ALL information is deemed reliable but is not guaranteed and should be verified by the buyer and/or buyers agent before making an offer.
POND-SIDE PARADISE! This peaceful 12.88 acre retreat is located just seconds from town and features a private pond, woods, a gazebo with swing, and a lovely 3 to 4 bedroom home with gorgeous bamboo flooring throughout the main level. There is a fireplace in the great room, a wood burning stove in the large living room, stainless steel kitchen appliances included, a detached 2 car garage with a carport, a loft that can be used as the 4th bedroom, and a walkout lower level. There's also another outdoor storage building, back patio, plenty of basement storage, and a wonderful deck that you can enjoy as you gaze out over the water. Finding a parcel with this much land close to city amenities is rare, so call soon to tour and make it yours!
Charming Home Full of Character! If you love old-house charm, you're going to love this 4-bedroom, 3-bathroom home! It has beautiful original woodwork and hardwood floors throughout, giving it so much warmth and character. The kitchen features marble countertops with marble also found in two of the bathrooms. The wood-burning fireplace makes the living space extra cozy, while the gorgeous stained-glass windows you don't see in just any home. Outside, grab a cup of coffee and relax on the shady front porch with the porch swings, or enjoy the fenced-in backyard. The 3-car detached garage gives you plenty of space for vehicles, storage, hobbies, or whatever you need. And the location is hard to beat! You're close to schools and just a short distance from downtown Hillsboro, where the community is thriving with local shops, restaurants, and activities. A beautiful home with tons of character, plenty of space, and a great location. Come take a look!
