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

    6125 Hanna Ct Loves Park, IL 61111

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $12 SF/Yr ($14,778 /Mo)

    Retail strip center with renovated units available for lease.

    Property size:
    14,778 SF
    Lot size:
    14,778 SF

    Property Features for 6125 Hanna Ct

    General Information

    Size
    14,778 SF

    We can help!

    Listing Contact
    Karen Kulczycki, Ccim, Sior
    Source: Svnchicago

    Listing Agent: Karen Kulczycki, Ccim, Sior

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

    Learn more

    Property Insight Report

    Overview

    Loves Park Retail Center

    Located at 6125 N. 2nd Street in Loves Park, Illinois, Loves Park Plaza is a retail strip center offering space for lease. The property is a well-maintained, masonry construction building with a total area of approximately 13,072 square feet. The center consists of 7 units, with two units remaining available. One unit is approximately 1,600 square feet, and the other is approximately 1,750 square feet. The 1,600 SF unit was formerly a video gaming cafe. The 1,750 SF unit features an open concept layout with an office and restroom. The property has been newly renovated and includes pylon and building facade signage. The property benefits from high visibility with 162 feet of frontage along N. 2nd Street and proximity to Interstate 90. Front and rear parking is available. Loves Park is part of the Rockford Metropolitan Statistical Area and is located approximately 85 miles northwest of Chicago. The area offers easy access to Interstates I-90 and I-39 and is situated along the Rock River.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Loves Park
    County
    Winnebago
    State
    Illinois
    Longitude
    -89.05794
    Latitude
    42.31943

    Nearby Similar for Lease

    • Contact for pricing
      350,000 SF

      Loves Park Industrial Campus

      Manufacturing space, 50,000 - 350,000 SF
      90/I-39 Riverside Blvd, Loves Park, IL 61111
      View Details
    • Contact for pricing
      81,572 SF

      Harlem & Alpine Retail Center

      Loves Park, IL: Prime Retail Space Available
      7921 Alpine Rd, Loves Park, IL 61111
      View Details
    • Contact for pricing
      5,983 SF

      Loves Park Retail Center Opportunity

      Prime Retail Space Available, Loves Park, IL
      6108 2Nd St, Loves Park, IL 61111
      View Details
    • $12 SF/Yr
      15,009 SF

      Prime Phoenix Office Space

      15,009 SF Office, 5,024 SF Available
      5642 2Nd St, Loves Park, IL 61111
      View Details
    • $12 SF/Yr
      8,994 SF

      Lakeview Offices: Loves Park Space

      Modern Offices, Flexible Lease Options
      7120 Windsor Lake Pkwy, Loves Park, IL 61111
      View Details
    • Contact for pricing
      45,599 SF

      Riverside Crossings Retail Space

      Loves Park, IL: 10,671 SF Available
      1504 Riverside Blvd, Loves Park, IL 61111
      View Details
    • Contact for pricing
      1,081 SF

      Office Spaces For Lease

      Office spaces available for lease with short-term options.
      1820 Windsor Rd, Loves Park, IL 61111
      View Details
    • $12 SF/Yr
      9,450 SF

      Lakeview Offices: Loves Park Space

      Modern Offices, Flexible Lease Options
      7116 Windsor Lake Pkwy, Loves Park, IL 61111
      View Details
    • $15 SF/Yr
      32,000 SF

      Loves Park Office Space for Lease

      Prime Office Suites, 14 Spaces Available
      4001 Perryville Rd, Loves Park, IL 61111
      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 61111
      View Details
    • $11 SF/Yr
      1,780 SF

      Office/Retail Space on Windsor Lake

      Office/retail space with reception area, offices, and kitchenette.
      7216 N Alpine Rd, 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 61111
      View Details

    FAQs

    What type of property is this?
    Strip mall - Retail strip center with renovated units available for lease.
    Where is this strip mall located?
    The property is located at 6125 Hanna Ct Loves Park, IL.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - Highly visible location with **162' frontage on N. 2nd Street** and proximity to Interstate 90.; - Newly renovated **±13,072 SF retail strip center**.; - Two remaining units available: ±1,600 SF or ±1,750 SF.
    (630) 330-3352
    Request Owner's contact information
    6125 Hanna Ct Loves Park, IL 61111
    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.
    6125 Hanna Ct
    Loves Park, IL 61111
    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
    6125 Hanna Ct Loves Park, IL 61111
    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
    Karen Kulczycki, Ccim, Sior
    Real Estate License ID: #471020279
    (630) 330-3352
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.