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    1024 River St Dixon, IL 61021

    For Sale
    $150,000

    Prime Riverfront Location, High Traffic Area

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional mixed-use property at 1024 E River Street in Dixon, Illinois presents a unique investment opportunity. Situated on three parcels totaling 0.54 acres, the property includes a well-established bait and tackle shop, a separate metal building, and a sizable vacant lot. The main building houses the existing business, offering immediate income potential. The inclusion of a walk-in cooler is a significant asset for any future business operations. The property benefits from a highly desirable location at the corner of Route 2 and River Road, ensuring high visibility and substantial foot traffic. The adjacent vacant lot offers significant expansion potential, allowing for future development or additional parking. The property is being sold as a package including the buildings and land

    Property Features for 1024 River St

    General Information

    Property type
    Mixed-use properties

    Building Details

    Year Built
    1978
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Dixon
    County
    Lee
    State
    Illinois
    Longitude
    -89.47023
    Latitude
    41.84634

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Riverfront Location, High Traffic Area
    Where is this mixed-use property located?
    The property is located at 1024 River St Dixon, IL.
    What is the asking price?
    The asking price for this property is $150,000.
    (815) 625-3722
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    1024 River St Dixon, IL 61021
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    Dixon, IL 61021
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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
    1024 River St Dixon, IL 61021
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