$105,000
$20K PRICE DROP

502 W Summit St Fairfield, IL 62837

Estimated payment $689/month

Total Views 6,511
-- Bed
-- Bath
2,875 Sq Ft
$37 Price per Sq Ft

Highlights

  • Shed
  • Forced Air Heating System
  • Fenced

About This Home

Looking for space to grow your business? This versatile 2,875 sq. ft. concrete block building sits on two lots and offers endless potential. The wide open interior gives you flexibility for a variety of uses, while the overhead garage door makes access a breeze. Features include: Gas forced air heat for comfort year-round; Fenced-in lot; Two storage sheds for additional space; Ample parking area for employees, customers, or equipment. Located right in town, this property combines visibility with functionality-perfect for a workshop, service business, or other commercial use.

Listing Agent

Chasity Fry

Pollard Realty Listed on: 09/12/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,678

Lot Details

  • 0.38 Acre Lot
  • Fenced

Parking

  • Driveway

Home Design

  • 2,875 Sq Ft Home
  • Rolled or Hot Mop Roof
  • Block Exterior

Outdoor Features

  • Shed
  • Outbuilding

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • Rinards Addition Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,678

Lot Details

0

Listing Details

  • ExteriorFence: Yes
  • HamletID: 0
  • HeatFuelGas: Yes
  • HeatTypeForcedAir: Yes
  • LandRentAmount: 0
  • Lot Size Acres: 0.38
  • Number Of Stories: 0
  • OutbuildingGeneral: Yes
  • OutbuildingShed: Yes
  • PercentageOfTaxThatIsDeductable: 0
  • PropertyCity: Fairfield
  • PropertyTownship: Grover
  • Prop. Type: Residential
  • Renovation Year: 0
  • RoofTar: Yes
  • SForSaleAndRForRental: S
  • Subdivision Name: Rinards Addition
  • USStateAbbreviation: IL
  • WaterSourceType: Municipal
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Fireplaces: 0
  • AboveArea Sq Ft: 2875

Exterior Features

  • Construction Type: Masonry - Concrete Block

Garage/Parking

  • AttachedParking: 0
  • Driveway: Yes
  • Numberof Garage Spaces: 0

Utilities

  • Sewer Type: Municipal

Condo/Co-op/Association

  • HOA Fees: 0
  • Units in Building: 0

Lot Info

  • Number Of Lots: 0

Multi Family

  • Unit Number of Bedrooms: 0
  • Total Taxes: 1678

Tax Info

  • Tax Year: 2024

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,404 $16,292 $2,328 $13,964
2023 $360 $14,493 $2,071 $12,422
2022 $175 $14,043 $2,007 $12,036
2021 $243 $12,796 $1,829 $10,967
2020 $275 $12,796 $1,829 $10,967
2019 $274 $12,835 $1,835 $11,000
2018 $312 $14,120 $3,120 $11,000
2017 $314 $14,120 $0 $0
2015 $1,401 $14,120 $3,120 $11,000
2014 $1,281 $13,530 $2,990 $10,540
2013 $1,250 $12,440 $2,750 $9,690
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/16/2025 12/16/25 Price Changed $105,000 -12.5% $37 / Sq Ft
10/21/2025 10/21/25 Price Changed $120,000 -4.0% $42 / Sq Ft
09/12/2025 09/12/25 For Sale $125,000 -- $43 / Sq Ft
Source: My State MLS

Purchase History

Date Type Sale Price Title Company
Deed $40,000 Clay Title Svcs Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $35,000 New Conventional
Source: Public Records

Source: My State MLS

MLS Number: 11574684

APN: 21-50-039-009

Illinois Wayne County Fairfield 62837

502 W Summit St, Fairfield, IL

For Sale

Detached

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Listing Agent
Chasity Fry
Section Image
Pollard Realty
(618) 800-3724