Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Rochelle Industrial Land For Sale Title is generated by Realmo AI

    300 W Steward Rd. Rochelle, Rochelle, IL 61068

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,558,000

    13-acre light industrial land with completed off-site development.

    Type:Land
    Property size:
    13 SF
    Price / SF:
    $119,846/SF
    Added:
    Sep 10, 2025
    Days on Market:
    254
    Last Refresh:
    Dec 3 at 11:42 am

    Property Features for 300 W Steward Rd. Rochelle

    General Information

    Standard status
    Active
    Size
    13 SF
    Property subtype
    Land

    We can help!

    Listing Contact
    Jeffrey Janda, SIOR

    Listing agent Jeffrey Janda, SIOR

    Listing office Lee & Associates | Chicago

    Listing date Sep 10, 2025

    Source Lee-associates

    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 Lee & Associates | Chicago

    HighLights

    • All off‑site development completed.
    • Zoned Light Industrial - I‑2.
    • Rochelle Water and Sanitary available.
    • Rochelle (RMU) Electrical available.
    • Signage available on I‑88 frontage.
    • Steward Road turning lane installed.

    Overview

    This 13-acre parcel of land is zoned for light industrial use (I-2). All off-site development has been completed. The property is serviced by Rochelle Water and Sanitary, and Rochelle Municipal Utilities (RMU) Electrical. Infrastructure improvements include an installed turning lane on Steward Road, installed street lighting, and a sidewalk (installed in Spring of 2021). Signage is available on I-88 frontage.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Rochelle
    County
    Ogle
    State
    Illinois
    Longitude
    -89.054183
    Latitude
    41.909033

    Nearby Similar for Sale

    • $442,000
      4,050 SF

      Rochelle Office Building For Sale

      All brick office building with great access and visibility.
      1211 Currency Court, Rochelle, IL 61068
      View Details
    • $325,000
      5,000 SF

      Rochelle Industrial Building with Storage

      Industrial building with climate-controlled space and secured outdoor storage.
      103 Quarry Rd, Rochelle, IL
      View Details
    • $2,574,000
      10,500 SF

      Rochelle, Illinois Strip Center

      Strip center in Rochelle, Illinois, anchored by Taco Bell.
      1231 Caron Rd, Rochelle, IL 61068
      View Details
    • $9,700,000
      114,000 SF

      Four-Building Industrial Portfolio in Rochelle

      Four industrial buildings totaling 252,638 SF on 49.49 acres.
      324 Errett Rd, Rochelle, IL 61068
      View Details
    • $2,070,000

      Commercial Land Ready For Development

      Flexible lot sizes available for sale or lease.
      100 Steward Rd., Rochelle, IL 61068
      View Details
    • $1,995,000
      10,050 SF

      Modern Outpatient Clinic For Sale

      Turn-key outpatient clinic built in 2013 with flexible configuration.
      450 Coronado Dr, Rochelle, IL
      View Details
    • $175,000

      2.22 Acre Vacant Commercial Parcel

      Vacant 2.22-acre commercial parcel on Route 251.
      Lot 1 S 7th St, Rochelle, IL 61068
      View Details
    • $499,900
      11,500 SF

      Former Seed Research Center

      11,500 SF former seed research center with greenhouses.
      600 N 15th St, Rochelle, IL
      View Details
    • $349,900
      4,600 SF

      Rochelle Office Building For Sale

      4,600 SF office building with remodeled interior.
      448 Lake Lida Lane, Rochelle, IL 61068
      View Details
    • $875,000
      15,750 SF

      Industrial Property on Wiscold Drive

      Industrial property with city utilities and convenient highway access.
      770 Wiscold Drive, Rochelle, IL 61068
      View Details
    • $199,999

      Free-Standing Commercial Building in Rochelle

      1,682 SF commercial building in active Rochelle corridor.
      901 S 7 St, Rochelle, IL
      View Details
    • $1,558,000

      Rochelle Industrial Land For Sale

      Industrial land available with completed off-site development and utilities.
      300 Steward Rd., Rochelle, IL 61068
      View Details

    FAQs

    What type of property is this?
    Land - 13-acre light industrial land with completed off-site development.
    Where is this land located?
    The property is located at 300 W Steward Rd. Rochelle Rochelle, IL.
    What is the asking price?
    The asking price for this property is $1,558,000.
    What are key features of this property?
    This property features: All off‑site development completed.; Zoned Light Industrial - I‑2.; Rochelle Water and Sanitary available.
    (847) 736-7338
    We can help!
    Listing Contact
    Jeffrey Janda, SIOR
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    300 W. Steward Rd. | Rochelle, IL 61068, IL 61068
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!