508 E 3rd St, Sterling, IL
Newly renovated 1,250+ sq ft commercial storefront for sale.
- Added:
- Oct 16, 2025
- Days on Market:
- 241
- Last Refresh:
- May 20 at 8:06 pm
Property Features for 508 E 3rd St
General Information
- Standard status
- Active
- Size
- 1,251 SF
- Lot size
- 0.15 Acres
- Property subtype
- RETAIL
Listing agent Rebecca Hazzard License #471019445 (815) 509-8432
Listing office RE/MAX OF ROCK VALLEY (815) 509-8432
Listing date Oct 16, 2025
Source Moodyscre
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 RE/MAX OF ROCK VALLEY
HighLights
- Newly renovated commercial storefront, ready for immediate operation or lease.
- High traffic count location near downtown.
- Newly resurfaced parking lot with storefront parking.
- New exterior paint and steel roofing.
- Refreshed interior with open concept.
- 1,250+ sq foot property.
Overview
Local 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 | $16.5k | $13.20 |
| − Vacancy | −$1.7k | −$1.32 |
| EGI | $14.9k | $11.88 |
| − OpEx | −$4.5k | −$3.56 |
| NOI | $10.4k | $8.32 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Sterling
- County
- Whiteside
- State
- Illinois
- Longitude
- -89.6886
- Latitude
- 41.7901
