Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Rock Falls Commercial Land Available Title is generated by Realmo AI

    1903 1st Avenue lot 3 & 4, Rock Falls, IL 61071

    View on Map
    Claim this Listing
    For Sale
    $500,000

    LAND - Rock Falls, IL

    Lot size:
    2.00 Acres
    Added:
    Apr 2, 2025
    Days on Market:
    425
    Last Refresh:
    May 31 at 11:06 am

    Property Features for 1903 1st Avenue lot 3 & 4

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    COMMR
    Standard status
    Active
    APN
    11343020200000
    Lot size
    2.00 Acres

    Taxes and HOA fees

    Tax Year
    2023

    We can help!

    Listing Contact
    Tim McCaslin
    Tim McCaslin

    Listing agent Tim McCaslin License #471002068

    Listing office RE/MAX Sauk Valley 110 E Lynn Blvd., Sterling, IL

    Listing date Apr 2, 2025

    MLS# 12327397 Listing URL

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location directly off I‑88/RT‑40 exit with high traffic count.
    • Adjacent to major retailers and businesses such as Wal‑Mart, Culvers, Hotels, and Caseys.
    • Includes Lots 3 & 4, totaling approximately 2 acres.
    • Frontage on Harley Davidson Drive.
    • Seller to survey current single parcel to include Lots 3 & 4.
    • Great location!

    Overview

    This commercial land is located directly off the Rock Falls I-88 and Route 40 exit, benefiting from high traffic volume. The property, approximately 2 acres in size, is situated next to established businesses including Wal-Mart, Culver's, hotels, and Casey's. The price includes lots 3 and 4. The frontage road is Harley Davidson Drive. The seller will survey the current single parcel to include lots 3 and 4.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rock Falls
    County
    Whiteside
    State
    Illinois
    Longitude
    -89.687943
    Latitude
    41.762196

    Nearby Similar for Sale

    • $240,000
      8,100 SF

      Rock Falls Storage Facility Opportunity

      Storage facility with expansion potential near I-88 interchange.
      1803 E Rock Falls Road, Rock Falls, IL 61071
      View Details
    • $249,000
      1,000 SF

      Turnkey Restaurant in High Traffic Area

      Established restaurant with additional retail space and apartment potential.
      201 W 2nd Street, Rock Falls, IL 61071
      View Details
    • $100,000

      Rock Falls Commercial Opportunity

      Commercial property for sale in Rock Falls, Illinois.
      1000 Dixon Avenue, Rock Falls, IL 61071
      View Details
    • $1,300,000
      25,000 SF

      Thriving Golf Course and Supper Club

      Turn-key 18-hole golf course, supper club, and banquet facility.
      3901 Dixon Avenue, Rock Falls, IL 61071
      View Details
    • $175,000
      2,400 SF

      Rock Falls Commercial Building on Acre

      2,400 SF commercial building on 1 acre in Rock Falls.
      9843 Hoover Road, Rock Falls, IL 61071
      View Details
    • $164,900
      2,400 SF

      Versatile Commercial Building on Route 40

      2,400 SF building on 1 acre in Rock Falls.
      9843 Hoover Road, Rock Falls, IL 61071
      View Details
    • $299,000
      2,500 SF

      Established Restaurant in Downtown Rock

      Turnkey restaurant with additional retail space and apartment potential.
      201 West 2nd Street, Rock Falls, IL 61071
      View Details
    • $603,200

      Rock Falls Vacant Land Opportunity

      37 acres of versatile land with income and development potential.
      TBD Dixon Rd, Rock Falls, IL 61071
      View Details
    • $129,900

      Rock Falls Commercial Land Available

      Commercial land for sale in Rock Falls, Illinois.
      1119 10th Avenue, Rock Falls, IL 61071
      View Details
    • $148,000

      Rock Falls Commercial Property

      Commercial property for sale in Rock Falls, Illinois.
      603 W Rock Falls Road, Rock Falls, IL 61071
      View Details
    • $1,300,000
      25,000 SF

      Rock River Golf and Supper Club

      Thriving golf course, supper club, and banquet facility for sale.
      3901 Dixon Avenue, Rock Falls, IL 61071
      View Details
    • $265,000

      Rock Falls Mixed-Use Building

      Mixed-use property with restaurant and apartments in Rock Falls.
      110 W 2nd Street, Rock Falls, IL 61071
      View Details

    FAQs

    What type of property is this?
    Commercial land - Two acre commercial land near I-88 and Route 40.
    Where is this commercial land located?
    The property is located at 1903 1st Avenue lot 3 & 4 Rock Falls, IL.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: Prime location directly off I‑88/RT‑40 exit with high traffic count.; Adjacent to major retailers and businesses such as Wal‑Mart, Culvers, Hotels, and Caseys.; Includes Lots 3 & 4, totaling approximately 2 acres.
    (815) 625-3722
    We can help!
    Listing Contact
    Tim McCaslin
    Tim McCaslin
    Real Estate License ID: 471002068
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1903 1st Avenue lot: 3 & 4, Rock Falls, IL 61071
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!