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    Versatile Commercial Property in Apple River Title is generated by Realmo AI

    300 W Hickory Street, Apple River, IL 61001

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    For Sale
    $695,000

    COMMERCIAL - APPLE RIVER, IL

    Property size:
    10,381 SF
    Lot size:
    0.80 Acres
    Price / SF:
    $66/SF
    Added:
    Feb 19, 2026
    Days on Market:
    104
    Last Refresh:
    Jun 3 at 2:06 am

    Property Features for 300 W Hickory Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    0100113700
    Size
    10,381 SF
    Lot size
    0.80 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    12322

    Utilities

    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2017
    Flooring type
    Laminate
    Roof type
    Shingle

    We can help!

    Listing Contact
    WESLEY COCAGNE

    Listing agent WESLEY COCAGNE License #471001763

    Listing office COLDWELL BANKER NETWORK REALTY 401 S MAIN ST., Galena, IL

    Listing date Feb 19, 2026

    MLS# 202600894

    Copyright © 2026 NorthWest Illinois Alliance of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Over 10,000 sq ft structure with included equipment
    • Includes a mini‑mart/convenience store (approx. 1370 sq ft) with coolers and bathrooms
    • Features a restaurant/bistro, wellness center & fitness/health club space (approx. 9000 sq ft)
    • Includes 7 storage units on the west side of the property
    • Main floor offers a full kitchen, two additional bathrooms, seven office spaces & a large meeting room
    • Lower level has walk‑out access, sauna, two float tank rooms and an additional bathroom

    Overview

    This commercial property in Jo Daviess County presents a prime investment opportunity. The structure, exceeding 10,000 sq ft, includes all existing equipment. The property features seven storage units on the west side. The mini-mart convenience store area spans approximately 1370 sq ft and includes coolers and restrooms. An additional 9000 sq ft encompasses a restaurant/bistro, wellness center, and fitness/health club space. The main floor, separate from the filling station, offers multiple access doors, a full kitchen, two additional bathrooms, seven office spaces, and a large meeting room with westerly views. The lower level, previously used as a workout-fitness space, has walk-out access through a door and a single garage door. This expansive area, approximately 70x60, includes a sauna room, two float tank rooms, and an additional bathroom. The property is situated along Stagecoach Trail and has a lot size of 0.8 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Thriving Thistle Market, ... Alternative Medicine Practice Eagle Nature Foundation Charitable Organization Heartland Animal Chiropractic Alternative Medicine Practice Ingram Insurance Services Insurance Agency

    Suggested Use

    Restaurant Spa & Massage Center Big Box & Wholesale Store Hair Salon Nail Salon Gym & Fitness Center Hotel & Motel Bar & Pub (Bike/Boat/Book/etc) Store Computer & Electronic Repair

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

    Location Insight

    • Map
    • Local Demand
    City
    Apple River
    County
    Jo Daviess
    State
    Illinois
    Longitude
    -90.099494
    Latitude
    42.500652

    FAQs

    What type of property is this?
    Grocery and convenience store - Over 10,000 sq ft commercial property with multiple opportunities.
    Where is this grocery and convenience store located?
    The property is located at 300 W Hickory Street Apple River, IL.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: Over 10,000 sq ft structure with included equipment; Includes a mini‑mart/convenience store (approx. 1370 sq ft) with coolers and bathrooms; Features a restaurant/bistro, wellness center & fitness/health club space (approx. 9000 sq ft)
    (815) 541-5656
    We can help!
    Listing Contact
    WESLEY COCAGNE
    Real Estate License ID: 471001763
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    300 W Hickory Street, APPLE RIVER, IL 61001
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