Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    100 W Steward Rd Rochelle, IL 61068

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,558,000

    Flexible lot sizes available for sale or lease.

    Property size:
    21 SF
    Lot size:
    21.00 Acres

    Property Features for 100 W Steward Rd

    General Information

    Size
    21 SF
    Lot size
    21.00 Acres

    We can help!

    Listing Contact
    Jeffrey Janda, Sior
    Source: Lee-associates

    Listing Agent: Jeffrey Janda, Sior

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Commercial Land for Sale

    This commercial land offers flexible lot sizes suitable for build-to-suit lease or sale options. A long-term ground lease is available. All sites will be fully developed with off-site detention. Signage opportunities include individual placement on a pylon sign with I-88 frontage and monument signage on Steward Road. The property is annexed to Rochelle, IL.
    Location Intelligence

    Current Use by Public Records

    Illinois Best Plumbing Plumbing Service

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Auto Parts Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochelle
    County
    Ogle
    State
    Illinois
    Longitude
    -89.054183
    Latitude
    41.909033

    Nearby Similar for Sale

    • New
      $699,000
      2,500 SF

      Renovated Commercial Building in Rochelle

      Turn-key commercial property with renovated building and additional heated building.
      1010 S 7Th St, Rochelle, IL 61068
      View Details
    • Contact for pricing
      10,050 SF

      Modern Outpatient Clinic For Sale

      Turn-key outpatient clinic built in 2013 with flexible configuration.
      450 Coronado Dr, Rochelle, IL
      View Details
    • $325,000
      5,000 SF

      Rochelle Industrial Building with Storage

      Industrial building with climate-controlled space and secured outdoor storage.
      103 Quarry Rd, Rochelle, IL 61068
      View Details
    • $499,900
      11,500 SF

      Former Seed Research Center

      11,500 SF former seed research center with greenhouses.
      600 N 15Th St, Rochelle, IL 61068
      View Details
    • Contact for pricing

      Free-Standing Commercial Building in Rochelle

      1,682 SF commercial building in active Rochelle corridor.
      901 S 7Th Ave, Rochelle, IL 61068
      View Details
    • Contact for pricing

      Mixed-Use Investment in Downtown Rochelle

      Mixed-use property with dining, retail, and residential income.
      407 Lincoln Hwy, Rochelle, IL 61068
      View Details
    • Contact for pricing
      1,484 SF

      Spacious Condo with New Kitchen

      Two bed, two bath condo with open floor plan.
      1133 N 7Th Ave, Rochelle, IL 61068
      View Details
    • $219,900
      2,842 SF

      Downtown Rochelle Office Space

      Prime location, 2842 sq ft office.
      515 5Th Ave, Rochelle, IL 61068
      View Details
    • $295,000
      4.72 Acres

      this park is close to manufacturing jobs and a large meat packing plant. This park has been stable as a direct result of its proximity to jobs for the tenants of this park. The current tenants are all paid up and current with their rent. The present tenants predominantly pay with money orders that are mailed out in pre-addressed stamped envelopes provided by the current owner. As I mentioned earlier

      T & C has been reclassified to a 14-pad mhp. It was originally licensed with the State of Illinois for 30-pads. The new owner of the park could continue to operate the park as it currently stands without making any improvements to the property. However
      800 Treatment Plant Rd, Rochelle, IL 61068
      View Details
    • $1,000,000
      15,750 SF

      Rochelle Industrial Property - $1M

      Prime Rochelle location, 15,750 sq ft, 4.23 acres.
      770 Wiscold Dr, Rochelle, IL 61068
      View Details
    • $325,000
      2,000 SF

      Prime Rochelle Medical Office Building

      High-yield investment, established tenant.
      1219 Currency Ct, Rochelle, IL 61068
      View Details
    • $462,400
      4,050 SF

      Prime Rochelle Office Building

      High-Visibility Office Space, 4050 sq ft
      1211 Currency Ct, Rochelle, IL 61068
      View Details

    FAQs

    What type of property is this?
    Land - Flexible lot sizes available for sale or lease.
    Where is this land located?
    The property is located at 100 W Steward Rd Rochelle, IL.
    What is the asking price?
    The asking price for this property is $1,558,000.
    What are key features of this property?
    This property features: - I-88 Frontage with Pylon Signage; - Build-to-Suit Options (Lease or Sale); - Long Term Ground Lease Available
    (847) 736-7338
    Request Owner's contact information
    100 W Steward Rd Rochelle, IL 61068
    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.
    100 W Steward Rd
    Rochelle, IL 61068
    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
    100 W Steward Rd Rochelle, IL 61068
    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

    We can help!
    Listing Contact
    Jeffrey Janda, Sior
    (847) 736-7338
    Learn more
    Google sign-in failed. Please try again or use another login method.