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    311 Il-38 Rochelle, IL 61068

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    For Sale
    Contact for pricing

    Walmart Outlots, 1.15 Acres, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.15-acre commercial land parcel presents a rare opportunity for development. Strategically located at 311 E Route 38 in Rochelle, Illinois, this property boasts two available outparcels situated directly adjacent to a Walmart. The high-traffic location ensures significant visibility and accessibility for any business. The property's convenient access to Route 38 guarantees substantial foot and vehicle traffic, making it ideal for a variety of commercial ventures. Rochelle's strategic position as a transportation hub, earning it the nickname "Hub City," further enhances the property's appeal. Its location at the intersection of I-39, I-88, and two major railroads provides unparalleled connectivity to regional and national markets. This prime location offers significant advantages for businesses seeking high visibility and convenient access to a large customer base. The 1.15-acre lot provides ample space for development, allowing for flexibility in design and construction. This is a unique opportunity to establish a thriving business in a dynamic and rapidly growing area. The property is located in Ogle County, Illinois, with a zip code of 61068. The coordinates are 41.937291 latitude and -89.0515349 longitude. This property is offered for sale.

    Property Features for 311 Il-38

    General Information

    Property type
    Land
    Lot Size
    50,094 SF

    HighLights

    • Two Walmart‑anchored outparcels available on IL Route 38.
    • Conveniently located within a 30‑minute drive of Rockford, IL.
    • Excellent location in Rochelle, IL, known as the "Hub City" due to its strategic intersection of I‑39, I‑88, and two major railroads.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochelle
    County
    Ogle
    State
    Illinois
    Longitude
    -89.0515349
    Latitude
    41.937291

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    FAQs

    What type of property is this?
    Land - Walmart Outlots, 1.15 Acres, High Traffic
    Where is this land located?
    The property is located at 311 Il-38 Rochelle, IL.
    What are key features of this property?
    This property features: Two Walmart-anchored outparcels available on IL Route 38.; Conveniently located within a 30-minute drive of Rockford, IL.; Excellent location in Rochelle, IL, known as the "Hub City" due to its strategic intersection of I-39, I-88, and two major railroads.
    (312) 297-7690
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    311 Il-38 Rochelle, IL 61068
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    Rochelle, IL 61068
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    Realmo Value Estimation

    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.

    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.

    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
    311 Il-38 Rochelle, IL 61068
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