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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Review the available facts, identify missing information and prepare questions for the agent.
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
Who owns this building?
See the owner, sales and loan history
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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
