210 N Lewis Ave, Oglesby, IL 61348

Listing Agency: Coldwell Banker - Real Estate Group | Yorkville Show Phone

Listed By: Gina Mudge · License IL #475211625 Show Phone

Source: Moodyscre

Added: Aug 4 Changed: Oct 26 Last Checked: Nov 8 at 8:55AM

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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 - Real Estate Group | Yorkville

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This storefront property provides 4,472 square feet of contiguous commercial area, along with a designated storage area and an existing refrigerator. Cable pre-wiring is also in place for the building.

The property fronts a city or town street and is served by municipal water and city sewer. Its lot dimensions are 145x200x260x110x115x90, providing a sizable site for a storefront-oriented commercial use.

Key Highlights

• 4,472 square feet of maximum contiguous area
• Dedicated storage area within the property
• Refrigerator included

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$40,570

Cap Rate

6.82%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$811,400 $811.4K

Cap Rate 7%

$579,571 $579.6K

Cap Rate 9%

$450,778 $450.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,472 SF

Gross rent

$64.4K $14.40/SF

− Vacancy

−$6.4K −$1.44/SF

EGI

$58.0K $12.96/SF

− OpEx

−$17.4K −$3.89/SF

NOI

$40.6K $9.07/SF

Area

LaSalle, IL La Salle County, LA

Vacancy

10.00%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$811,400

Cap Rate 7%

$579,571

Cap Rate 9%

$450,778

Alternative Uses

Best Use

Retail

$579.6K

$507.1K – $676.2K (±1% cap)

NOI $40,570 @ 7.0% cap · market cap 6.82%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.12M

$979.4K – $1.31M (±1% cap)

NOI $78,349 @ 7.0% cap · market cap 13.17%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Voluntary Action Center Social Service Agency Jorge's Waffles House Restaurant

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Hair Salon Auto Parts Store HVAC Service Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

145

Businesses Nearby

40k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 52% Shops & Services 38% Hotels & Casinos 11%

McDonald's Dining

18,420 visits/mo 0.1 miles

Shell Shops & Services

6,951 visits/mo 0.2 miles

Phillips 66 Shops & Services

4,381 visits/mo 0.2 miles

BP Shops & Services

3,749 visits/mo 0.2 miles

Best Western Oglesby Inn Hotels & Casinos

3,124 visits/mo 0.2 miles

Demographics for 61348, IL

4,576

Population

2,182

Households

2.1

Avg Household Size

44

Median Age

20%

College-Educated

93%

High-School Grad

39.3 sq mi

ZIP Area

116

Density / Sq Mi

$71,197

Median Household Income

$44,029

Median Earnings

$691

Median Rent

$139,100

Median Home Value

Market

Average Price Trend$/SF for Storefront properties in LaSalle County, IL

$57.51 Jul

$123 Aug

$90.39 Sep

$79.39 Oct

Properties on Market for Storefront properties in LaSalle County

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Similar For Sale Nearby

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213 Oakwood Avenue Unit: B, Oglesby, IL 61348

$230,000

1,500 SF

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Freestanding Office Property

341 W Walnut Street, Oglesby, IL 61348

$89,000

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Frequently Asked Questions

What type of property is this?

Storefront property - Commercial storefront with a dedicated storage area, refrigerator, and municipal water and sewer service.

Where is this storefront property located?

The property is located at 210 N Lewis Ave Oglesby, IL.

What is the asking price?

The asking price for this property is $595,000.

What are key features of this property?

This property features: 4,472 square feet of maximum contiguous area; Dedicated storage area within the property; Refrigerator included