Storefront Property with
New
For Sale
Contact for pricing
210 N Lewis Ave, Oglesby, IL 61348
Commercial storefront with a dedicated storage area, refrigerator, and municipal water and sewer service.
Property Size4,472 SF
Lot Size1.00 Acre
Price / SF$133.05
Days on Market7
Property Features for 210 N Lewis Ave
General Information
Standard status
Active
Size
4,472 SF
Lot size
1.00 Acre
Property subtype
RETAIL
Additional Details
Utilities to Site
Yes
Listing Agency:
Coldwell Banker - Real Estate Group | Yorkville
(815) 378-9726
Listed By:
Leah Erickson · License #475204597
(815) 780-7952
Source:
Moodyscre
Added: Aug 4
Changed: Aug 9
Last Checked: Aug 9 at 9:47AM
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
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,570
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$811,400
$811.4K
Cap Rate 7%
$579,571
$579.6K
Cap Rate 9%
$450,778
$450.8K
Market Conditions
NOI Build-Up for 4,472 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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
NOI $78,349 @ 7.0% cap · market cap 13.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
140
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
0.3 miles
Shell
Shops & Services
6,951 visits/mo
0.3 miles
Phillips 66
Shops & Services
4,381 visits/mo
0.4 miles
BP
Shops & Services
3,749 visits/mo
0.3 miles
Best Western Oglesby Inn
Hotels & Casinos
3,124 visits/mo
0.4 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
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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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
