403 E 3rd St - Office FOR SALE


Sterling, IL 61081
$1,650,000 USD
312-523-3176
403 E 3rd St, Sterling, IL for Sale
$1,650,000 USD
Office - FOR SALE
1/5
null | 9% Cap Rate

403 E 3rd St
Sterling, IL 61081


OVERVIEW

This offering presents a rare opportunity to acquire a 13,000 SF Class A masonry office building structured as a net lease investment in downtown Sterling, Illinois—approximately 100 miles west of Chicago and 45 miles east of the Quad Cities. The property has undergone recent capital improvements, including a new roof, ADA-compliant restrooms, and parking enhancements, ensuring long-term functionality and reduced near-term maintenance. Ideally situated near City Hall, the U.S. Post Office, and the county courthouse, the building is anchored by a top national CPA and consulting firm and has maintained 100% occupancy since 1992, providing investors with stable, consistent cash flow supported by a high-credit tenant. This is an exceptional opportunity to own a prestigious, well-maintained office asset in one of Sterling’s most desirable downtown locations.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$127 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

DB - Downtown Business

APN/PARCEL ID

1121484009

ASK ABOUT THIS PROPERTY

Scott FitzgeraldJoseph Rossi & AssociatesMore Info
312-523-3176

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Scott FitzgeraldJoseph Rossi & AssociatesMore Info
312-523-3176

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.