1001 Division Street, Orion, IL 61273 | MLS #100000023 | Mel Foster Brokerage, LLC
 

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Listing provided courtesy of Hawkeye Commercial Real EstateMREDMLS# 100000023MLS Provider
  • 192 days on site
  • 70 views

Recently renovated and remodeled office building turned salon suites featuring a freshly painted exterior/interior, updated windows, and new flooring throughout. The property also includes a fully updated restroom. Estimating that HVAC and LED lighting were updated in 2022/2023. The building consists of eight individual salon suites, with six currently leased at 300 per month. The current owner occupies three of the suites and intends for the business operations to continue as-is, with existing leases remaining in place. This property offers a solid investment opportunity with room for future growth through rent increases or additional leasing potential. Please note: Property taxes have not yet been reassessed, as the former owner was a nonprofit. Prospective buyers should factor a potential tax adjustment into their cash flow analysis.

Source: MRED, MLS#: 100000023

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  • Property Type
    Commercial Sale
  • Lot
    0.31 acres

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Mel Foster Co. Inc
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  • Median Age
    39
  • Population Density
    67
  • College Educated
    40%
  • Estimated Median Income
    $80,417
  • Estimated Total Home Owners
    1,015
  • Estimated Total Renters
    196
  • Owner / Renter Divide
    84% / 16%
  • Estimated Average Household Size
    3
  • Total Population
    3,146
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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$ %
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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.

Life at 1001 Division Street

Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/1/2026Source: MRED Status Change
Active
5/27/2026Source: MRED Price Reduction
$195,000 -4.9%
5/27/2026Source: MRED Status Change
Price Change
1/6/2026Source: MRED Status Change
Active
12/31/2025Source: MRED Added to Database
December 31, 2025
12/19/2025Source: MRED Added to Database
December 19, 2025