Add Listing
    For Lease
    • 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

    4589 Rte 71 Oswego, IL 60543

    View on Map
    Sponsored
    For Lease
    Contact for pricing

    COMMERCIAL - Oswego, IL

    Type:Retail
    Days on Market:
    1
    Last Refresh:
    Mar 23 at 10:06 pm

    Property Features for 4589 Rte 71

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    COMMR

    Utilities

    Cooling system
    Central Air

    Building Details

    Floors in Building
    1
    Number of units
    1

    We can help!

    Listing Contact
    Laura Tomsa

    Brummel Properties, Inc.

    Listing agent Laura Tomsa

    Listing date Mar 23, 2026

    MLS# 12590859

    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

    Overview

    Retail/Office Space in Oswego, IL

    This retail or office space, formerly an insurance office, is located just outside of downtown Oswego. Situated in a fully occupied shopping center, the space benefits from excellent visibility due to two large sides of windows. Convenient and plentiful parking is available for customers. The layout includes two private offices, a reception area, and an open space suitable for various uses, whether professional office space or retail. This location offers an opportunity to join a community with a diverse range of neighboring businesses. The space is available May 1st.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Oswego
    County
    Kendall
    State
    Illinois
    Longitude
    -88.316
    Latitude
    41.6565

    Nearby Similar for Lease

    • Contact for pricing

      Professional Office Space Available

      Well-maintained Oswego office space with excellent access and amenities.
      1 E Merchants Dr, Oswego, IL 60543
      View Details
    • Contact for pricing

      Professional Office Suite in Oswego

      Move-in ready office suite in a high-visibility Oswego location.
      1 E Merchants Dr, Oswego, IL 60543
      View Details
    • Contact for pricing

      Oswego Commercial Office Space Available

      Private offices for rent in prime Oswego location.
      2015 Rte 34, Oswego, IL 60543
      View Details
    • Contact for pricing

      Oswego Office Suite For Rent

      Large second-floor office suite in prime Oswego location.
      2015 Rte 34, Oswego, IL 60543
      View Details
    • $20 SF/Yr

      Retail Space in Mason Square

      Retail space in a bustling shopping center with ample parking.
      1154 Douglas Rd, Oswego, IL 60543
      View Details
    • $20 SF/Yr

      Bustling Shopping Center in Oswego

      Well-kept shopping center with excellent parking and high visibility.
      1100-1168 Douglas Rd, Oswego, IL 60543
      View Details
    • Contact for pricing

      Industrial Flex Unit For Rent

      Well-maintained industrial flex unit with multiple overhead doors.
      195 Kendall Point Dr, Oswego, IL 60543
      View Details
    • Contact for pricing
      1,677 SF

      Equipped Restaurant Space Available

      Turnkey restaurant opportunity with equipped kitchen and functional bar.
      228 E Washington St, Oswego, IL 60543
      View Details
    • Contact for pricing
      1,462 SF

      Oswego Junction Retail Opportunities

      Retail spaces available in a 45,864 SF shopping center.
      1031 Station Dr, Oswego, IL 60543
      View Details
    • Contact for pricing
      10,169 SF

      Oswego Retail Space for Lease

      Prime Oswego location, multiple spaces available.
      1640 Douglas Rd, Oswego, IL 60543
      View Details
    • $24 SF/Yr
      1,806 SF

      Oswego Retail Space - Prime Location

      Historic Downtown Oswego, High Traffic, Ample Parking
      5 Madison St, Oswego, IL 60543
      View Details
    • $25 SF/Yr
      9,724 SF

      Orchard Woods Retail Center

      Prime West Oswego Retail Space Available
      3200 Orchard Rd, Oswego, IL 60543
      View Details

    FAQs

    What type of property is this?
    Retail space - Prime retail/office space available in a vibrant, fully occupied shopping center.
    Where is this retail space located?
    The property is located at 4589 Rte 71 Oswego, IL.
    What are key features of this property?
    This property features: - Prime location in a fully occupied shopping center just outside downtown Oswego.; - Excellent visibility with two large sides of windows.; - Convenient and plentiful parking for customers and staff.
    (630) 347-3207
    Request Owner's contact information
    4589 Rte 71 Oswego, IL 60543
    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.
    4589 Rte 71
    Oswego, IL 60543
    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
    4589 Rte 71 Oswego, IL 60543
    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
    Laura Tomsa
    Real Estate License ID: 471016446
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!