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Listing provided courtesy of RE/MAX of Rock ValleyMREDas Distributed by MLSGrid- MLS# 12496847MLS Provider

508 E 3rd StreetSterling, IL 61081

Commercial · 1,251 Sq. ft.
$124,900 Active

508 E 3rd Street Overview

Time on Site:
257 days
Visits:
4

Newly renovated commercial storefront opportunity near downtown! This 1,250+ sq foot property is ready for its new owner to immediately start operation, or offered for lease as an addition to an investment portfolio. This property features a heavy traffic count, storefront parking on the newly resurfaced parking lot, all new exterior paint and steel roofing, as well as a refreshed interior. With the open concept and half bath inside, possibilities are endless. Make it yours today!

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508 E 3rd Street Facts & Features

  • Type Commercial
  • Sq. ft. 1,251
  • Price/Sq.ft. $100

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Income: 0
  • Gross Scheduled Income: 0
  • Insurance Expense: 0
  • Operating Expense: 0
  • Trash Expense: 0
  • Water Sewer Expense: 0

Building Information

  • Year Built: 1960

Business Information

  • Current Use: Commercial

Location/Region

  • County Or Parish: Whiteside
  • MLS Area Major: Sterling

Tax Information

  • Tax Annual Amount: $1,296.56
  • Tax Year: 2024

General Information

  • Parcel Number: 11223510070000
  • Possible Use: Commercial,Retail,Other
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 1251

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Stories: 1

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street
  • Lot Size Dimensions: 60 x 100
  • Lot Size Square Feet: 6000

Building Exterior/Construction

  • Construction Materials: Block
  • Roof: Rubber

General Information

  • Number Of Units Total: 1

508 E 3rd Street Neighborhood

Community

61081 (Sterling) Demographics

44
Median Age
167
Population Density (per sq. mile)
30%
College Educated
$55,459
Estimated Median Income
5,999
Estimated Total Home Owners
2,660
Estimated Total Renters
69% / 31%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

508 E 3rd Street Monthly Cost

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Eric Nowik
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

508 E 3rd Street Market Data

Based on the last 30 days in this zip code

$225,913
Average List Price
$126
Average Price per Square Foot
27
Properties Sold
76
Average Days on Market
61
Properties for Sale
Calculations provided by Reliance Network

508 E 3rd Street History

Date Event Value Agent
6/22/2026Source: MRED Status Change
Active
6/16/2026Source: MRED Status Change
Re-activated
4/12/2026Source: MRED Status Change
Active
4/7/2026Source: MRED Price Reduction
$124,900 -3.8%
4/7/2026Source: MRED Status Change
Price Change
3/24/2026Source: MRED Status Change
Active
3/19/2026Source: MRED Status Change
Re-activated
1/14/2026Source: MRED Status Change
Active
1/9/2026Source: MRED Price Reduction
$129,900 -7.1%
1/9/2026Source: MRED Status Change
Price Change
10/20/2025Source: MRED Status Change
Active
10/15/2025Source: MRED Added to Database
October 15, 2025