Mixed-Use Building with
For Sale
$265,000
110 W 2nd Street, Rock Falls, IL 61071
A ground-floor restaurant space is paired with two upstairs residential units.
Property Size2,800 SF
Price / SF$94.64
Days on Market310
Property Features for 110 W 2nd Street
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Commercial
Zoning
COMMR
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,764
Building Details
Building Size
2,800 SF
Year Built
1900
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
RE/MAX Sauk Valley
Listed By:
Tim McCaslin · License #471002068
(815) 625-3722
Source:
Fishmangroup
Added: Dec 19, 2025
Changed: Oct 23
Last Checked: Oct 23 at 1:23PM
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 RE/MAX Sauk Valley
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Investment Insights
Based on property information with market context.
This 2,800-square-foot mixed-use building has a restaurant on the main level and two apartments above. Each apartment contains two bedrooms and one bathroom, creating a residential component within the same property. The building dates to 1900, and the roof was replaced in 2018.
Key Highlights
- Restaurant use on the main floor
- Two upstairs apartments, each with 2 bedrooms and 1 bath
- 2,800‑square‑foot building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,766
Cap Rate
5.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,320
$295.3K
Cap Rate 7%
$210,943
$210.9K
Cap Rate 9%
$164,067
$164.1K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$28.6K $10.20/SF
− Vacancy
−$1.7K −$0.61/SF
EGI
$26.8K $9.59/SF
− OpEx
−$12.1K −$4.31/SF
NOI
$14.8K $5.27/SF
Area
Whiteside County, IL
Vacancy
6.00%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,320
Cap Rate 7%
$210,943
Cap Rate 9%
$164,067
Alternative Uses
Best Use
Specialty Retail
$523.8K
$458.3K – $611.1K
NOI $36,666 @ 7.0% cap · market cap 13.84%
Second Best
Mixed Use
$396.0K
$346.5K – $462.0K
NOI $27,720 @ 7.0% cap · market cap 10.46%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
676
Businesses Nearby
40k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 79%
Shops & Services 16%
Hotels & Casinos 4%
Electronics 2%
Taco Bell
Dining
13,339 visits/mo
0.5 miles
Shell
Shops & Services
6,413 visits/mo
0.2 miles
Hardee's
Dining
5,820 visits/mo
0.3 miles
Scooter's Coffee
Dining
4,600 visits/mo
0.3 miles
Pizza Hut
Dining
3,457 visits/mo
0.5 miles
Demographics for 61071, IL
13,389
Population
6,612
Households
2
Avg Household Size
45
Median Age
17%
College-Educated
90%
High-School Grad
72.5 sq mi
ZIP Area
185
Density / Sq Mi
$57,909
Median Household Income
$40,698
Median Earnings
$752
Median Rent
$104,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A ground-floor restaurant space is paired with two upstairs residential units.
Where is this mixed-use property located?
The property is located at 110 W 2nd Street Rock Falls, IL.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Restaurant use on the main floor; Two upstairs apartments, each with 2 bedrooms and 1 bath; 2,800‑square‑foot building
