122 E Locust Str

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122 E Locust Str

Fairbury, IL 61739
Asking Price
$150K
Asset Type
Retail
Class
Class B

What's Special

122 E Locust Street is situated in the central business district of Fairbury, Illinois. The property occupies a prominent position within the historic downtown corridor, characterized by a mix of local service providers, specialty shops, and administrative offices. Nearby amenities include the Fairbury Public Library and several established local eateries. The location is easily accessible via Route 24, a primary east-west arterial highway that serves as the town’s main commercial throughway, providing consistent vehicular visibility and regional connectivity to surrounding rural communities. The asset is suitable for a variety of general retail or professional service applications. Its layout and downtown placement align with the needs of boutique retailers, insurance agencies, or medical satellite offices requiring a pedestrian-friendly storefront. Ideal tenants include small-scale entrepreneurs or regional service firms seeking a presence in a stable, community-oriented market. The property’s configuration supports flexible merchandising displays or partitioned office spaces, catering to businesses that benefit from being part of Fairbury’s established commercial core.

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NOI
$80,000
Cap Rate
53.33%
DSCR
8.98
Strong
Cash-on-Cash
157.99%
Monthly Payment
$742.118
Annual Cash Flow
$71,094.582

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