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    510 E Washington St Oregon, IL 61061

    For Sale
    $175,000

    Land - OREGON, IL

    Lot size:
    0.52 Acres
    Days on Market:
    186
    Last Refresh:
    Dec 7 at 10:06 pm

    Property Features for 510 E Washington St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    16032820150
    Interior features
    None
    Lot size
    0.52 Acres

    Building Details

    Architectural style
    Other

    REMAX OF ROCK VALLEY (815) 732-9100 [email protected]

    Listing agent Carla Benesh (815) 732-9100 License #471010258

    Listing date Jun 5, 2025

    MLS# 202502999 Listing URL

    Copyright © 2025 Rockford Area MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Land on Highway Rt 64

    Three city lots located on the east side of Oregon, Illinois, present several opportunities. The lots are situated on Illinois State Highway Route 64 and are zoned B2 Business District. This zoning permits a wide array of uses, including automotive businesses, retail stores, convenience stores, drug stores, greenhouses, grocery stores, business offices, financial institutions, restaurants, taverns, and medical offices. The corner lot features 143 feet of road frontage and a depth of 158 feet. The daily highway traffic count is 8,700. The property spans 0.52 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Harvard State Bank Bank

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Oregon
    County
    Ogle
    State
    Illinois
    Longitude
    -89.318892
    Latitude
    42.01469

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    FAQs

    What type of property is this?
    Commercial land - Three city lots zoned B2 Business District on Illinois State Hwy
    Where is this commercial land located?
    The property is located at 510 E Washington St Oregon, IL.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: - Zoned B2 Business District, allowing for diverse business ventures.; - High traffic location: 8700 daily traffic count on Illinois State Hwy Rt 64.; - Corner lot with 143 ft of road frontage offering excellent visibility.
    (815) 732-9100
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    510 E Washington St Oregon, IL 61061
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    Oregon, IL 61061
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    Realmo Value Estimation

    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.

    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.

    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
    510 E Washington St Oregon, IL 61061
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