Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Loves Park Retail Suites Available Title is generated by Realmo AI

    6307 North 2nd Street Loves Park IL 61111, Loves Park, IL 61111

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail For Lease

    Added:
    Jan 29, 2025
    Days on Market:
    477
    Last Refresh:
    Mar 16 at 9:05 am

    Property Features for 6307 North 2nd Street Loves Park IL 61111

    General Information

    Standard status
    Active
    Property type
    Other retail properties, Individual retail properties, Shopping centers, Retail properties & Spaces
    Elevators
    N/A
    Rate Type
    Monthly

    We can help!

    Listing Contact
    Karen Walsh

    Listing agent Karen

    Listing office

    Listing date Jan 29, 2025

    Overview

    Located at 6307-6499 N. 2nd Street in Loves Park, Illinois, this retail property offers multiple suites suitable for various retail businesses. The property has a total of 40,309 rentable square feet. Suite 6321 provides 15,793 square feet. Smaller suites are available, including Suite 6407 with 5,872 square feet, Suite 6445 with 2,414 square feet, Suite 6457 with 4,063 square feet, Suite 6481 with 3,800 square feet, and Suite 6489 with 8,367 square feet. Each suite is designed for retail use, offering visibility and accessibility. The location in Loves Park, IL, provides access to major transportation routes and a customer base.
    Location Intelligence

    Current Use by Public Records

    Retail properties & Spaces

    Map

    City
    Loves Park
    County
    Winnebago
    State
    Illinois
    Longitude
    -89.0028
    Latitude
    42.3453

    Nearby Similar for Lease

    • $12 SF/Yr
      14,778 SF

      Loves Park Retail Center

      Retail strip center with renovated units available for lease.
      6125 N. 2nd Street, 6127 Hanna Ct, Loves Park, IL 61111
      View Details
    • $400/Mo
      2,060 SF

      Loves Park Office Space

      Office spaces for lease in Loves Park, Illinois.
      7124 Windsor Lake Pkwy, Loves Park, IL
      View Details
    • Contact for pricing
      40,309 SF

      Retail Space in Loves Park

      Retail property available for lease in Loves Park, Illinois.
      6401 North 2nd Street, Loves Park, IL, 61111
      View Details
    • Contact for pricing

      Former Restaurant on High-Traffic Road

      3,319 SF former restaurant suitable for restaurant or retail.
      6802 Rock Valley Parkway, Loves Park, IL, 61111
      View Details
    • $12 SF/Yr
      1,750 SF

      Renovated Retail Space For Rent

      Newly renovated retail units with open floor plan and parking.
      6125-6127 N 2nd St, Loves Park, IL
      View Details
    • $14 SF/Yr
      1,246 SF

      Prime Office Space For Rent

      Well-appointed 1,246 SF office space in a bustling retail corridor.
      6100 E Riverside Blvd, Loves Park, IL
      View Details
    • Contact for pricing
      1,081 SF

      Office Spaces For Lease

      Office spaces available for lease with short-term options.
      1820 Windsor Road, Loves Park, IL
      View Details
    • Contact for pricing
      1,858 SF

      Retail Space Available For Rent

      Single tenant retail space available for rent, 1,858 SqFt.
      5349 N 2nd St, Loves Park, IL 61111
      View Details
    • $5 SF/Yr
      1,500 SF

      Loves Park Industrial Space

      Small industrial space available September 1, 2025 in Loves Park.
      6924-6930 Forest Hills Rd, Loves Park, IL
      View Details
    • Contact for pricing
      2,990 SF

      Restaurant with Drive-Thru Available

      2,990 SF restaurant with drive-thru on 0.63 acres.
      6390 East Riverside Boulevard, Loves Park, IL, 61111
      View Details
    • $12 SF/Yr
      900 SF

      Office Space in Loves Park

      Office spaces for lease, ideal for various business needs.
      1752 Windsor Rd, Loves Park, IL
      View Details
    • Contact for pricing
      2,087 SF

      Retail End Cap For Lease

      Retail space available in Loves Park, Illinois.
      6710 Broadcast Parkway, Loves Park, IL, 61111
      View Details

    FAQs

    What type of property is this?
    Other retail property - Retail For Lease
    Where is this other retail property located?
    The property is located at 6307 North 2nd Street Loves Park IL 61111 Loves Park, IL.
    (815) 218-3438
    We can help!
    Listing Contact
    Karen Walsh
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    6307 North 2nd Street Loves Park, IL 61111, Loves Park, IL 61111
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!