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    520 W 3Rd St Dixon, IL 61021

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    For Sale
    $1,090,909

    Well-located Dollar General with long-term lease and strong local fundamentals.

    Property size:
    10,000 SF
    Lot size:
    0.25 Acres

    Property Features for 520 W 3Rd St

    General Information

    Size
    10,000 SF
    Lot size
    0.25 Acres

    Source: Sands Investment Group (SIG) | Chicago Agent Kevin Blaha

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

    Overview

    Dixon, IL Retail Investment Opportunity

    This Dollar General property is located off major thoroughfares in Dixon, Illinois, a key retail corridor within the city’s commercial core. Dixon serves as the economic center of Lee County. The area benefits from strong local fundamentals, including average household incomes exceeding $92,000 within a 5-mile radius and a stable consumer base. The property, originally built in 1965, underwent a full renovation, including a brand-new roof, as part of a recently negotiated lease renewal. After completing a 35-year initial lease term, Dollar General signed a new lease in 2024 with two 5-year options, reflecting their long-term commitment to the site. With over 4 years remaining on the initial term and 10% increases at each option, this asset offers secure, growing cash flow backed by a corporate guarantee. The property size is 10,000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dollar General Dollar Store FedEx OnSite Mailing Service Western Union Money Transfer Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Dixon
    County
    Lee
    State
    Illinois
    Longitude
    -89.4875382
    Latitude
    41.8396626

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    FAQs

    What type of property is this?
    Storefront property - Well-located Dollar General with long-term lease and strong local fundamentals.
    Where is this storefront property located?
    The property is located at 520 W 3Rd St Dixon, IL.
    What is the asking price?
    The asking price for this property is $1,090,909.
    What are key features of this property?
    This property features: - New lease signed in 2024 with two 5-year options.; - Corporate guarantee provides secure cash flow.; - 10% rent increases at each option period.
    (844) 474-4666
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    Realmo Value Estimation

    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.

    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.

    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
    520 W 3Rd St Dixon, IL 61021
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