Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2002 E 5Th St, Unit C Sterling, IL 61081

    Sponsored
    For Lease
    Contact for pricing

    COMMERCIAL - Sterling, IL

    Lot size:
    0.49 Acres
    Days on Market:
    7
    Last Refresh:
    Jan 18 at 5:06 pm

    Property Features for 2002 E 5Th St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    APN
    11222280080000
    Lot size
    0.49 Acres

    Utilities

    Cooling system
    Zoned

    Building Details

    Year built
    1960
    Floors in Building
    1
    Number of units
    1
    Building materials
    Brick

    We can help!

    Listing Contact
    Patricia Sword

    RE/MAX Sauk Valley (815) 625-3722 [email protected]

    Listing agent Patricia Sword (815) 590-0130

    Listing date Jan 12, 2026

    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.

    Learn more

    Property Insight Report

    Overview

    Professional Office Space Available

    This office space is suitable for a professional office, financial institution, medical practice, massage therapy, or similar business. The layout includes a 20 x 18 reception room and a 19 x 11 private office space. It features a private ADA-compliant bathroom, laminate flooring, and fresh paint. The space has a separate entrance, with the option for customers to use the handicap-accessible main building entrance. Separate heating and cooling units are installed in each room. The lease includes taxes, lawn care, snow removal, and garbage services. Electric and internet are not included in the rent; however, Surf Broadband service is available to the building. The office is located in an attractive brick building that is part of a larger medical facility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rosemeyer Management Group Financial Planner Northwestern Il Hearing ... Medical Clinic Jensen Chiropractic Clinic Chiropractor The NIA Sterling Special Education School Dr. Thomas Jensen Chiropractor

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Sterling
    County
    Whiteside
    State
    Illinois
    Longitude
    -89.6733175
    Latitude
    41.7996108

    Nearby Similar for Lease

    • Contact for pricing
      871 SF

      Office or Retail Space Available

      700 sq ft office/retail space for rent in Sterling.
      503 E 3Rd St, Sterling, IL 61081
      View Details
    • Contact for pricing
      871 SF

      Highly Visible Office or Retail

      Office or retail space with high visibility and traffic.
      2522 E Lincolnway, Sterling, IL 61081
      View Details
    • Contact for pricing
      12,328 SF

      Sterling Retail Center - High Traffic

      Prime retail space, multiple suites available.
      4400 Lincolnway, Sterling, IL 61081
      View Details
    • Contact for pricing
      493,730 SF

      Industrial Space Near I-88

      Industrial property suitable for manufacturing, distribution, retail, and office.
      301 W 3Rd St, Sterling, IL 61081
      View Details
    • Contact for pricing
      7,000 SF

      Sterling Retail Space For Rent

      7000 sq ft retail space in Pine Tree complex.
      4311 E Lincolnway, Sterling, IL 61081
      View Details
    • Contact for pricing
      10,000 SF

      Retail and Office Space Available

      Multiple units available for rent near downtown Sterling, Illinois.
      2317 East Lincolnway, Sterling, IL 61081
      View Details

    FAQs

    What type of property is this?
    Office space - Clean, updated office space suitable for various professional uses.
    Where is this office space located?
    The property is located at 2002 E 5Th St, Unit C Sterling, IL.
    What are key features of this property?
    This property features: - Ideal for professional office, financial, medical, massage, etc.; - Taxes, lawn care, snow removal and garbage included in rent.; - Benefit from a private ADA compliant bathroom.
    (815) 590-0130
    Request Owner's contact information
    2002 E 5Th St, Unit C Sterling, IL 61081
    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.
    2002 E 5Th St, Unit C
    Sterling, IL 61081
    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
    2002 E 5Th St, Unit C Sterling, IL 61081
    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

    We can help!
    Listing Contact
    Patricia Sword
    Real Estate License ID: 471002760
    (815) 590-0130
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.