Sterling Commercial Land
For Sale
Contact for pricing
2612 W Le Fevre Road, Sterling, IL 61081
4 acre commercial land suitable for various business ventures.
Property Size4,236 SF
Lot Size4.00 Acres
Price / SF$83.81
Days on Market968
Property Features for 2612 W Le Fevre Road
General Information
Standard status
Active
Size
4,236 SF
Lot size
4.00 Acres
Property subtype
Special Purpose
Building Details
Year Built
1992
Buildings
1
Listing Agency:
Coldwell Banker Commercial Howes & Jefferies
Listed By:
Dennis Lauver · License #B63532000
(563) 242-3265
Source:
Crexi
Added: Feb 10, 2024
Changed: Sep 24
Last Checked: Oct 4 at 7:50AM
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 Coldwell Banker Commercial Howes & Jefferies
Investment Insights
Based on property information with market context.
This 4-acre commercial land is located northwest of the roundabout at W LeFevre and N Lynn Commercial in Sterling, IL. The site is landscaped and situated in the commercial district on the west side of town, near multiple primary employers. It is suitable for office, restaurant/bar, gaming with outdoor seating, or industrial use, including cold storage. The property offers an opportunity to implement various business plans.
Key Highlights
- 4‑acre commercial lot with diverse potential uses.
- Prime location in Sterling, IL, near the intersection of W LeFevre and N Lynn Commercial.
- Situated in a commercial district close to multiple primary employers.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,250
Cap Rate
7.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$565,000
$565.0K
Cap Rate 7%
$403,571
$403.6K
Cap Rate 9%
$313,889
$313.9K
Market Conditions
NOI Build-Up for 4,236 SF
Gross rent
$48.3K $11.40/SF
− Vacancy
−$10.6K −$2.51/SF
EGI
$37.7K $8.89/SF
− OpEx
−$9.4K −$2.22/SF
NOI
$28.2K $6.67/SF
Area
Whiteside County, IL
Vacancy
22.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$565,000
Cap Rate 7%
$403,571
Cap Rate 9%
$313,889
Alternative Uses
Best Use
Specialty Retail
$792.4K
$693.4K – $924.5K
NOI $55,470 @ 7.0% cap · market cap 15.63%
Second Best
Office B
$403.6K
$353.1K – $470.8K
NOI $28,250 @ 7.0% cap · market cap 7.96%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
91
Businesses Nearby
Explore this area
Business Placement
Demographics for 61081, IL
21,064
Population
9,753
Households
2.2
Avg Household Size
43
Median Age
20%
College-Educated
91%
High-School Grad
124.4 sq mi
ZIP Area
169
Density / Sq Mi
$60,854
Median Household Income
$40,497
Median Earnings
$791
Median Rent
$121,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Commercial land - 4 acre commercial land suitable for various business ventures.
Where is this commercial land located?
The property is located at 2612 W Le Fevre Road Sterling, IL.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: 4‑acre commercial lot with diverse potential uses.; Prime location in Sterling, IL, near the intersection of W LeFevre and N Lynn Commercial.; Situated in a commercial district close to multiple primary employers.
