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Property profile & analytics
FOR SALE
Commercial real estate

1301 N Galena Ave Dixon, IL 61021

1.29 ac lot
Entity Owned 2-yr Hold Free & Clear
Property ID
US28-4079717
Property summary
AI-generated overview

This exceptional commercial property, located at 1301 North Galena Avenue in Lee County, presents a unique leasing opportunity. The former fast-food restaurant boasts a generous 3,223 square feet of space, ideally situated on a signalized corner for maximum visibility and accessibility. The property features two convenient drive-up windows, significantly enhancing operational efficiency. A substantial parking area, accommodating 51-100 vehicles, ensures ample space for customers and employees. The building is zoned for commercial use, offering flexibility for a variety of potential tenants. The asking lease rate is $15.00 per square foot annually. This prime location in a high-traffic area makes this property an excellent investment for businesses seeking strong visibility and convenient access. The spacious layout and existing infrastructure provide a solid foundation for a successful venture. With its strategic location and ample parking, this property is poised to attract a significant customer base. The property's versatility allows for a range of commercial uses, making it an attractive option for entrepreneurs and established businesses alike. Currently, one space is available for lease. Don't miss this chance to secure a prime commercial location in a thriving area.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 1.29 ac (56,000 SF)
APN 07-02-30-477-013
UPID US28-4079717
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Bldg 1301 N Galena Avenue LLC · 2 yrs held
Bldg 1301 N Galena Avenue LLC
since 2023
2 recorded transactions
2023
Price N/A
2006
$1.2M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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