Fisher, IL 61843 101 S Third Street
$350,000



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Presented By: GUTH & ASSOCIATES,LLC
Home Details
Positioned along Third Street, the primary north-south corridor through downtown Fisher, this historic two-story mixed-use commercial building offers a unique opportunity for investors or owner-users seeking presence in the heart of a small-town business district. Surrounded by a blend of local retail, service businesses, offices, and nearby residential neighborhoods, the property benefits from consistent community traffic and convenient municipal street parking. Originally constructed in 1902 with an expansion completed in 1946, the building contains approximately 8,657 square feet on the main level and an additional 3,370 square feet on the second floor. The upper level has been stripped to the studs and remains unfinished, currently used for storage but presenting a strong opportunity for future redevelopment, office suites, residential conversion, or expansion of commercial space. The building sits on an approximately 9,250-square-foot parcel and includes a mix of occupied suites and flexible common storage areas. Existing tenants provide immediate rental income, while the vacancy left by the former Ingold's Meat and Deli operation creates potential for repositioning or owner occupancy. The property is equipped with forced warm-air natural gas furnaces with central air conditioning, an intrusion alarm system, and multiple specialty improvements including two walk-in coolers and one walk-in freezer. The roof system includes a lower roof replaced approximately six years ago and an upper roof estimated at 25 years old. The foundation consists of a combination basement and crawl space, and a small overhead door at the rear provides convenient loading access for storage or service use. All utilities are currently metered together and included in tenant rents, and the property includes shared storage space behind the suites used by existing tenants.
Presented By: GUTH & ASSOCIATES,LLC
General for 101 S Third Street
Additional Parcels Y/NNo
Assoc Fee Paid PerNot Applicable
Business TypeRetail
CityFisher
CoolingCentral Air
CountyChampaign
Current UseCommercial
DirectionsNortheast corner of S Third Street and Front Street, Fisher IL
ElectricCircuit Breakers
Electric Expense
Fuel Expense
Gross Income24600
Insurance Expense
Leasable Area8657
Lease TypeGross
Lot Size Square Feet9250
MLS AreaNorthern Champaign County / Ford County
Net Operating Income13936
Number Of Units Total3
Property TypeCommercial Sale
Property TypeRetail/Stores
Standard StatusActive
StatusActive
Stories Count2
Tax Annual Amount2824.5
Tax Year2024
Trash Expense0
Water Sewer Expense0
Year Built1902
ZoningCOMMR
Exterior for 101 S Third Street
Building Area Total8657
Lot Dimensions92.5x100
Additional Details
Price History

SQFT • 8,657