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0 Beds
7,200 sqft

$340,000

500 N Pine Street, Onarga IL, 60955

Price per sqft$47.22
Built in1989
Property size7,200 sqft
Property typeOther
Listed by Shannon Collins with Green Street Realty 217-493-3776

Overview

Active

New

Listed Oct 27, 2026

Updated 2h ago

Attention investors and entrepreneurs! This unique dual income producing property offers revenue from an established fitness center and leased farmland, along with the potential for favorable property tax treatment on the agricultural acreage. Situated on 4 acres at the edge of town, yet within city limits, this versatile 7,200 square foot steel building is divided into three spacious 40' x 60' sections, offering a combination of finished shop space, an operating fitness center, and additional insulated storage or workshop space. The west section features a heated shop with concrete floors, a floor drain, a full kitchen, bathroom, storage loft, and a 12-foot overhead door. The middle section houses an established, income-producing fitness center with approximately 85 members, central heating and cooling, two bathrooms, 24-hour key fob access, and a separate room roughed in for future showers. The seller is willing to negotiate the gym equipment separately, providing an opportunity to continue operating the existing business. Alternatively, buyers may choose to repurpose the space for their own business operations, personal use, or owner occupancy rather than continuing the fitness center. The east section offers insulated, unheated shop or storage space with gravel flooring and two large 14-foot sliding doors, ideal for equipment, vehicles, or additional business operations. Additional features include spray foam insulation, blown-in attic insulation, a seven-camera security system, and city water and sewer. Approximately 3 acres are currently rented for farming, generating additional annual income while potentially offering agricultural property tax benefits. Commercial and AG-1 zoning provides a variety of possibilities, including potential agricultural uses. With two existing income sources, multiple functional spaces, and room for future opportunities, this property offers excellent flexibility for investors, business owners, and entrepreneurs!

$2,262/mo

Est. mortgage payment based on a $340,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
12794744

Interior Features

Bedrooms
0
Cooling
Yes
Basement
No

Exterior Features

Lot Size
4 Acres

Other Property Details

Taxes
$1,912
Tax Frequency
Annually
Municipality
Onarga
MLS provider logo

Listed by Shannon Collins with Green Street Realty 217-493-3776

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Maria Thanasouras are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

Based on information submitted to the  MLS GRID for MRED 10/28/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. Properties displayed may be listed or sold by various participants in the MLS. Properties displayed may be listed or sold by various participants in the MLS.

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Data is refreshed every 3 hours. Listing last updated 1:36 PM UTC on 10/28/2026. 

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