Dixon Drive-Thru Redevelopment Opportunity

737 N Galena Ave, Dixon, IL 61021

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For Sale

$700,000

2,635 SF building on 0.83 acres with drive-thru.

Type:Retail

Property size:

2,635 SF

Lot size:

0.83 Acres

Price / SF:

$265/SF

We can help!

Contact an agent

Myles Rapchak

Real Estate License ID: IN #RB14052315

HighLights

High‑traffic location: Over 19,500 Vehicles Per Day (VPD) on North Galena Ave (U.S. Hwy 52).
Excellent lease‑up or redevelopment opportunity.
Zoned B‑2 General Business District: Allows for a wide range of uses.
Located in a highly desirable retail location with direct access to residential communities, national/regional tenants, and freeways.
Features a drive‑thru.
Building size: 2,635 SF on 0.83 Acres.

For Sale

$700,000

2,635 SF building on 0.83 acres with drive-thru.

Type:Retail

Property size:

2,635 SF

Lot size:

0.83 Acres

Price / SF:

$265/SF

Added:: Apr 8, 2026
Days on Market:: 90
Last Refresh:: Apr 1 at 11:39 am

Property Features for 737 N Galena Ave

General Information

Standard status: Active
Size: 2,635 SF
Lot size: 0.83 Acres
Property subtype: Retail

Building Details

Year Built: 1995

We can help!

Contact an agent

Myles Rapchak

Listing office Latitude Commercial

Listing date Apr 8, 2026

Source Latitudeco

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 Latitude Commercial

HighLights

High‑traffic location: Over 19,500 Vehicles Per Day (VPD) on North Galena Ave (U.S. Hwy 52).
Excellent lease‑up or redevelopment opportunity.
Zoned B‑2 General Business District: Allows for a wide range of uses.
Located in a highly desirable retail location with direct access to residential communities, national/regional tenants, and freeways.
Features a drive‑thru.
Building size: 2,635 SF on 0.83 Acres.

Overview

This property, constructed in 1995, offers a 2,635-square-foot building with a drive-thru on a 0.83-acre site. Zoned B-2, General Business District, the location allows for a wide range of commercial uses and presents a lease-up or redevelopment opportunity. Situated in a retail area, the property provides direct access to residential communities, national and regional tenants, and freeways. The site benefits from traffic counts of over 19,500 vehicles per day on North Galena Avenue (U.S. Highway 52).

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$56.9k	$21.60
− Vacancy	−$1.5k	−$0.56
EGI	$55.4k	$21.04
− OpEx	−$13.9k	−$5.26
NOI	$41.6k	$15.78

2,635 SF · lease $21.60/SF/yr · vacancy 2.60% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$594.0K

$519.7K – $693.0K (±1% cap)

NOI $41,577 @ 7.0% cap · market cap 5.94%

Second Best

—

no second resolved use

Theoretical Best

Office A

$718.2K

$628.5K – $837.9K (±1% cap)

NOI $50,276 @ 7.0% cap · market cap 7.18%

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

Property Profile Location Intelligence

Current Use by Public Records

Drive through restaurants

Suggested Use

Location Insight

Map
Local Demand

City: Dixon
County: Lee
State: Illinois
Longitude: -89.487674
Latitude: 41.853613

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For sale
Drive through restaurants
IL
Dixon
61021
737 N Galena Ave

What type of property is this?

Drive through restaurant - 2,635 SF building on 0.83 acres with drive-thru.

Where is this drive through restaurant located?

The property is located at 737 N Galena Ave Dixon, IL.

What is the asking price?

The asking price for this property is $700,000.

What are key features of this property?

This property features: High‑traffic location: Over 19,500 Vehicles Per Day (VPD) on North Galena Ave (U.S. Hwy 52).; Excellent lease‑up or redevelopment opportunity.; Zoned B‑2 General Business District: Allows for a wide range of uses.

737 N Galena Ave, Dixon, IL 61021

2,635 SF building on 0.83 acres with drive-thru.

Property Features for 737 N Galena Ave

General Information

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Turn-Key Flex Facility with Loading Dock

Versatile Commercial Property, High Traffic

Multi-Use Commercial Building

Dixon, IL Multi-Family Property

Duplex with Separate Utilities

Historic Church and Parsonage

Dixon, IL Retail Investment Opportunity

Former Restaurant in High Traffic Area

Dixon Industrial Facility on 9.94 Acres

Former Restaurant in High Traffic Area

Historic Church and Parsonage

Duplex with Separate Utilities

FAQs