737 N Galena Ave Dixon, IL 61021
2,635 SF building on 0.83 acres with drive-thru.
- Added:
- Apr 8, 2026
- Days on Market:
- 96
- Last Refresh:
- Jun 29 at 10:13 pm
Property Features for 737 N Galena Ave
General Information
- Standard status
- Active
- Size
- 2,635 SF
- Lot size
- 0.83 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1995
Listing office Latitude Commercial (219) 308-3553
Listing date Apr 8, 2026
Source Latitudeco
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 Latitude Commercial
Investment Insights
Based on property information with market context.
Key Highlights
- High‑traffic location: Over 19,500 Vehicles Per Day (VPD) on North Galena Ave (U.S. Hwy 52).
- Excellent lease‑up or redevelopment opportunity.
- Zoned B‑2 General Business District: Allows for a wide range of uses.
Local Financial Insights For Specialty 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 | $56.9k | $21.60 |
| − Vacancy | −$1.5k | −$0.56 |
| EGI | $55.4k | $21.04 |
| − OpEx | −$13.9k | −$5.26 |
| NOI | $41.6k | $15.78 |
