Mobil-Branded Gas
For Sale
$1,100,000
1030 E Riverside Boulevard, Loves Park, IL 61111
Corner-site fuel and convenience operation with access from two streets and commercial fleet card acceptance.
Property Size1,700 SF
Lot Size0.46 Acres
Price / SF$647.06
Days on Market48
Property Features for 1030 E Riverside Boulevard
General Information
Standard status
Active
Size
1,700 SF
Lot size
0.46 Acres
Property subtype
Business Opportunity
Site & Location
Traffic Count
20,000 vehicles/day
Road Access
Yes
Additional Details
Business Included
Yes
Fuel Pumps
4
Taxes and HOA fees
Annual Taxes
$12,657
Building Details
Building Size
1,700 SF
Buildings
1
Stories
1
Abandoned
No
Listing Agency:
Coldwell Banker Realty
(847) 724-5800
Listed By:
Khurram Qureshi
(847) 724-5800
Source:
Gia-sells
Added: Jun 25
Changed: Aug 11
Last Checked: Aug 11 at 9:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This Mobil-branded gas station combines fuel service with a convenience store on an approximately 20,000-square-foot site. The property includes four fuel dispensers, including one diesel dispenser, four fiberglass tanks, on-site parking, and acceptance of commercial fleet cards. The convenience operation also reports fuel volume of 45,000–50,000 gallons.
Positioned at the intersection of East Riverside Boulevard and Clifford Avenue, the property has access from two streets and approximately 20,000 vehicles per day. Its surrounding setting includes residential neighborhoods, retail centers, schools, and businesses along a commercial corridor connecting Loves Park and Rockford. The site is located at 1030 E. Riverside Boulevard in Loves Park, Illinois.
Positioned at the intersection of East Riverside Boulevard and Clifford Avenue, the property has access from two streets and approximately 20,000 vehicles per day. Its surrounding setting includes residential neighborhoods, retail centers, schools, and businesses along a commercial corridor connecting Loves Park and Rockford. The site is located at 1030 E. Riverside Boulevard in Loves Park, Illinois.
Key Highlights
- Mobil‑branded gas station with convenience store
- Approximately 20,000‑square‑foot site at 1030 E. Riverside Boulevard
- Corner position at East Riverside Boulevard and Clifford Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,338
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$646,760
$646.8K
Cap Rate 7%
$461,971
$462.0K
Cap Rate 9%
$359,311
$359.3K
Market Conditions
NOI Build-Up for 1,700 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$44.3K $26.04/SF
− Vacancy
−$1.2K −$0.68/SF
EGI
$43.1K $25.36/SF
− OpEx
−$10.8K −$6.34/SF
NOI
$32.3K $19.02/SF
Area
Winnebago County, IL
Vacancy
2.60%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$646,760
Cap Rate 7%
$461,971
Cap Rate 9%
$359,311
Alternative Uses
Best Use
Specialty Retail
$462.0K
$404.2K – $539.0K
NOI $32,338 @ 7.0% cap · market cap 2.94%
Second Best
Retail
$357.7K
$313.0K – $417.3K
NOI $25,036 @ 7.0% cap · market cap 2.28%
Theoretical Best
Office A
$463.4K
$405.5K – $540.6K
NOI $32,436 @ 7.0% cap · market cap 2.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20,000 VPD
Traffic count
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
360
Businesses Nearby
81k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Groceries 29%
Shops & Services 26%
Home Improvements & Furnishings 3%
Aldi
Groceries
23,238 visits/mo
0.4 miles
Starbucks
Dining
16,404 visits/mo
0.4 miles
Taco Bell
Dining
15,919 visits/mo
0.5 miles
Mobil
Shops & Services
7,681 visits/mo
0.4 miles
Kelley's Market
Shops & Services
6,607 visits/mo
0.5 miles
Demographics for 61111, IL
23,028
Population
10,248
Households
2.2
Avg Household Size
41
Median Age
24%
College-Educated
92%
High-School Grad
14.2 sq mi
ZIP Area
1,622
Density / Sq Mi
$58,391
Median Household Income
$42,751
Median Earnings
$1,101
Median Rent
$143,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Corner-site fuel and convenience operation with access from two streets and commercial fleet card acceptance.
Where is this gas station located?
The property is located at 1030 E Riverside Boulevard Loves Park, IL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Mobil‑branded gas station with convenience store; Approximately 20,000‑square‑foot site at 1030 E. Riverside Boulevard; Corner position at East Riverside Boulevard and Clifford Avenue
