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    The Largest CRE Database in the US with Over 1 Million Listings

    205 Sandra Ave Mendota, IL 61342

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    For Sale
    $5,600,000

    Prime Mendota investment: 56 units, 3.32 acres.

    Property Features for 205 Sandra Ave

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1978

    We can help!

    Listing Contact
    Karen Kramford
    Karen Kramford

    Listing Agency: CENTURY 21 Circle Listing Agent: Karen Kramford

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Exceptional turnkey investment opportunity awaits at Wentworth Commons, a sprawling 3.32-acre property in Mendota, Illinois. This remarkable complex comprises 14 buildings encompassing a total of 56 individual rental units, offering a diverse mix of floor plans to cater to a wide range of tenants. The property boasts a substantial 49,711 square feet of rentable space, distributed across 12 one-bedroom, 18 two-bedroom, and 26 three-bedroom apartments. This established multi-family complex presents a compelling investment prospect due to its strong tenant base and strategic location. Situated in Mendota, the property benefits from proximity to local employers, providing a readily available pool of potential renters. Furthermore, the convenient location near the neighboring towns of Rochelle and LaSalle, which house a variety of employers including food processing and chemical companies, further enhances the property's appeal and potential for consistent rental income. The property's size and established tenant base make it an ideal investment for those seeking a stable and profitable venture in the Illinois commercial real estate market. This turnkey opportunity requires minimal upfront effort, allowing investors to capitalize on the existing infrastructure and established rental income stream. The asking price for this exceptional property is $5,600,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Paragon Stays Hotel & Motel Wentworth Commons Apartment Building

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Mendota
    County
    LaSalle
    State
    Illinois
    Longitude
    -89.13049
    Latitude
    41.54218

    Nearby Similar for Sale

    • $490,000
      0.16 Acres

      Turnkey Pizzeria & Bar with Apartments

      Pizzeria, sports bar, and apartments in historic downtown Mendota.
      801 6Th St, Mendota, IL 61342
      View Details
    • $103,900

      Mendota Multi-Family Investment Opportunity

      Two buildings, 4540 sq ft, strong rental income.
      706-708 Jefferson St, Mendota, IL 61342
      View Details
    • $159,000
      1,194 SF

      Mendota Commercial Space - Prime Location

      Spacious Commercial Building, Updated & Convenient
      306 7Th Ave, Mendota, IL 61342
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Prime Mendota investment: 56 units, 3.32 acres.
    Where is this commercial real estate located?
    The property is located at 205 Sandra Ave Mendota, IL.
    What is the asking price?
    The asking price for this property is $5,600,000.
    (630) 369-2000
    Request Owner's contact information
    205 Sandra Ave Mendota, IL 61342
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    Mendota, IL 61342
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    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
    205 Sandra Ave Mendota, IL 61342
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    We can help!
    Listing Contact
    Karen Kramford
    Karen Kramford
    Real Estate License ID: 475143332
    (630) 369-2000 (630) 747-3205 (630) 718-0424
    Learn more
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