O'Neil Property Group

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$340,000
7 Days On Site

500 N Pine Street
Onarga, IL 60955

For Sale|Mixed Use|Active
0
Beds
0
Total Baths
7,200
SqFt
$47
/SqFt
1989
Built
County:
Iroquois
Listing Courtesy of MRED as distributed by MLS Grid of Green Street Realty
500 N Pine Street500 N Pine Street500 N Pine Street500 N Pine Street
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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!

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Listing Snapshot
PriceΒ 
$340,000
Days On SiteΒ 
7 Days
BedroomsΒ 
N/A
Inside Area (SqFt)Β 
7,200 sqft
Total BathsΒ 
N/A
Full BathsΒ 
N/A
Partial BathsΒ 
N/A
Lot SizeΒ 
N/A
Year BuiltΒ 
1989
MLS NumberΒ 
12794744
StatusΒ 
Active
Property TaxΒ 
$1,912.32
HOA/Condo/Coop FeesΒ 
N/A
Sq Ft SourceΒ 
N/A
Friends & Family
Recent Activity
yesterdayListing updated with changes from the MLS
yesterdayStatus changed to Active
a week agoListing first seen on site
General Features
Additional Property UseΒ 
CommercialAutomotive
Green Energy EfficientΒ 
Water Heater
Property Sub TypeΒ 
Mixed Use
SqFt TotalΒ 
7200
ZoningΒ 
OTHER
Interior Features
CoolingΒ 
Central Air
ElectricΒ 
Circuit Breakers
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Exterior Features
Construction DetailsΒ 
Steel Siding
RoofΒ 
Metal
Community Features
MLS AreaΒ 
Onarga
TownshipΒ 
Onarga
Listing Courtesy of MRED as distributed by MLS Grid of Green Street Realty



Based on information submitted to the MLS GRID as of 2026-11-05 01:55 AM UTC. 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.
Last checked: 2026-11-05 01:55 AM UTC
MRED DMCA Copyright Information Copyright Β© 2026 Midwest Real Estate Data LLC. All rights reserved.

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