Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    300 W Hickory St Apple River, IL 61001

    Sponsored
    For Sale
    $750,000

    Commercial - APPLE RIVER, IL

    Property size:
    10,000 SF
    Days on Market:
    2
    Last Refresh:
    Feb 20 at 12:06 am

    Property Features for 300 W Hickory St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    0100113700
    Size
    10,000 SF

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    WESLEY COCAGNE

    Coldwell Banker Network Realty (815) 777-6500

    Listing agent WESLEY COCAGNE (815) 777-6500 License #471001763

    Listing date Feb 19, 2026

    MLS# 202600894 Listing URL

    Copyright © 2026 NorthWest Illinois Alliance of REALTORS. 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

    Versatile Commercial Property in Apple River

    This commercial property in Jo Daviess County presents a prime investment opportunity. The structure, exceeding 10,000 sq ft, includes equipment and seven storage units on the west side. The mini-mart-convenience store area spans approximately 1370 sq ft and features coolers and restrooms. An additional 9000 sq ft encompasses a restaurant/bistro, wellness center, and fitness/health club space, offering potential for various business ventures or individual rental spaces. The main floor, separate from the filling station area, provides multiple access doors, a full kitchen, two additional bathrooms, seven office spaces, and a large meeting room with westerly views. The lower level, previously utilized as a workout-fitness space, includes walk-out access through a door and a single garage door. This expansive area, approximately 70x60, features a sauna room, two float tank rooms, and an additional bathroom. The property is located along Stagecoach Trail.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Thriving Thistle Market, ... Alternative Medicine Practice Eagle Nature Foundation Charitable Organization Heartland Animal Chiropractic Alternative Medicine Practice Ingram Insurance Services Insurance Agency

    Suggested Use

    Restaurant Spa & Massage Center Big Box & Wholesale Store Hair Salon Nail Salon Gym & Fitness Center Hotel & Motel Bar & Pub (Bike/Boat/Book/etc) Store Computer & Electronic Repair

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

    Location Insight

    • Map
    • Local Demand
    City
    Apple River
    County
    Jo Daviess
    State
    Illinois
    Longitude
    -90.099494
    Latitude
    42.500652

    FAQs

    What type of property is this?
    Gas station - Over 10,000 sq ft property with multiple business opportunities.
    Where is this gas station located?
    The property is located at 300 W Hickory St Apple River, IL.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: - Over 10,000 sq ft structure with filling station equipment included; - Includes a mini-mart/convenience store (approx. 1370 sq ft) with coolers and bathrooms; - Features a restaurant/bistro, wellness center & fitness/health club space (approx. 9000 sq ft)
    (815) 541-5656
    Request Owner's contact information
    300 W Hickory St Apple River, IL 61001
    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.
    300 W Hickory St
    Apple River, IL 61001
    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
    300 W Hickory St Apple River, IL 61001
    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
    WESLEY COCAGNE
    Real Estate License ID: 471001763
    (815) 541-5656 (815) 777-6500
    Learn more
    Google sign-in failed. Please try again or use another login method.