Listing provided courtesy of GUTH & ASSOCIATES,LLCMREDas Distributed by MLSGrid- MLS# 12595426MLS Provider

101 S Third StreetFisher, IL 61843

Commercial · 8,657 Sq. ft.
$350,000 Active

101 S Third Street Overview

Time on Site:
101 days
Visits:
0

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.

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101 S Third Street Facts & Features

  • Type Commercial
  • Sq. ft. 8,657
  • Price/Sq.ft. $40

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Existing Lease Type: Gross
  • Fuel Expense: 0
  • Gross Income: 24600
  • Gross Scheduled Income: 24600
  • Insurance Expense: 0
  • Net Operating Income: 13936
  • Trash Expense: 0
  • Water Sewer Expense: 0

Building Information

  • Year Built: 1902

Business Information

  • Business Type: Retail
  • Current Use: Commercial

Location/Region

  • County Or Parish: Champaign
  • MLS Area Major: Northern Champaign County / Ford County

Tax Information

  • Tax Annual Amount: $2,824.50
  • Tax Year: 2024

General Information

  • Parcel Number: 020136429027
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 8657

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Leasable Area: 8657
  • Stories: 2

Unit Information

  • Unit SqFt.: 8657

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 92.5x100
  • Lot Size Square Feet: 9250

General Information

  • Number Of Units Total: 3

101 S Third Street Neighborhood

Community

61843 (Fisher) Demographics

34
Median Age
61
Population Density (per sq. mile)
38%
College Educated
$70,114
Estimated Median Income
667
Estimated Total Home Owners
165
Estimated Total Renters
80% / 20%
Estimated Owner / Renter Divide
3
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.

101 S Third Street Monthly Cost

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* 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.

101 S Third Street Market Data

Based on the last 30 days in this zip code

$329,872
Average List Price
$184
Average Price per Square Foot
1
Properties Sold
74
Average Days on Market
11
Properties for Sale
Calculations provided by Reliance Network

101 S Third Street History

Date Event Value Agent
3/25/2026Source: MRED Status Change
Active
3/20/2026Source: MRED Added to Database
March 20, 2026