Retail Building with
For Sale
Contact for pricing
737 N Galena Ave, Dixon, IL 61021
Built in 1995, this B-2 retail building includes a drive-thru for flexible commercial use.
Property Size2,635 SF
Lot Size0.83 Acres
Price / SF$284.63
Days on Market501
Property Features for 737 N Galena Ave
General Information
Standard status
Active
Size
2,635 SF
Lot size
0.83 Acres
Property subtype
RETAIL
Zoning
B-2
Additional Details
Highway Access
Yes
Building Details
Year Built
1995
Listing Agency:
SRS Real Estate Partners | Detroit
(586) 549-4260
Listed By:
Michael Carter · License #6501369793
(586) 549-4260
Source:
Moodyscre
Added: Mar 17, 2025
Changed: Jul 25
Last Checked: Jul 30 at 10:44AM
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 SRS Real Estate Partners | Detroit
Investment Insights
Based on property information with market context.
Built in 1995, this retail building offers 2,635 square feet of space on 0.83 acres. The property includes a drive-thru, and it is zoned B-2 – General Business District, supporting a wide range of commercial uses.
The building is located in a retail area with direct access to residential communities, national/regional tenants, and freeways, making it suitable for either lease-up or redevelopment plans.
This is a straightforward, single-building site with retail-oriented improvements and a drive-thru feature intended to support customer service and transaction traffic.
The building is located in a retail area with direct access to residential communities, national/regional tenants, and freeways, making it suitable for either lease-up or redevelopment plans.
This is a straightforward, single-building site with retail-oriented improvements and a drive-thru feature intended to support customer service and transaction traffic.
Key Highlights
- Built in 1995, 2,635 SF retail building on 0.83 acres
- Zoned B‑2 (General Business District) for a wide range of commercial uses
- Features a drive‑thru for added convenience and customer flow
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.4k | $18.00 |
| − Vacancy | −$1.2k | −$0.47 |
| EGI | $46.2k | $17.53 |
| − OpEx | −$13.9k | −$5.26 |
| NOI | $32.3k | $12.27 |
2,635 SF · lease $18.00/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$462.0K
$404.2K – $539.0K
NOI $32,338 @ 7.0% cap · market cap 4.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$718.2K
$628.5K – $837.9K
NOI $50,276 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,015
Businesses Nearby
80k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Shops & Services 39%
Home Improvements & Furnishings 1%
McDonald's
Dining
29,689 visits/mo
0.1 miles
Circle K
Shops & Services
12,237 visits/mo
0.1 miles
Wendy's
Dining
9,188 visits/mo
0.1 miles
Marathon
Shops & Services
7,163 visits/mo
0.4 miles
Dunkin' Donuts
Dining
6,211 visits/mo
0.2 miles
Demographics for 61021, IL
22,984
Population
10,110
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
89%
High-School Grad
150.1 sq mi
ZIP Area
153
Density / Sq Mi
$65,719
Median Household Income
$40,805
Median Earnings
$823
Median Rent
$144,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Weeds Florals, Designs & Decor — 732 N Galena Ave, Dixon, IL 61021
Frequently Asked Questions
What type of property is this?
Storefront property - Built in 1995, this B-2 retail building includes a drive-thru for flexible commercial use.
Where is this storefront property located?
The property is located at 737 N Galena Ave Dixon, IL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Built in 1995, 2,635 SF retail building on 0.83 acres; Zoned B‑2 (General Business District) for a wide range of commercial uses; Features a drive‑thru for added convenience and customer flow
