Prime Rochelle location, high-traffic retail center.
Lot size:
58,376 SF
Description
Added:
Dec 11, 2024
Days on Market:
370
Rochelle Commons offers a unique investment opportunity in Ogle County, Illinois. This 58,376 square foot multi-tenant property features a mix of retail, office, and special purpose spaces, currently with 30,604 square feet available. The center is strategically located on a major commercial corridor in Rochelle, boasting excellent visibility and accessibility. Its prime location offers easy access to Interstates 88 and 39, placing it within minutes of a full interchange. The property benefits from its proximity to significant traffic generators, including a Walmart Supercenter, McDonald's, Starbucks, Aldi's, Ace Hardware, Dunkin', Walgreens, Rochelle Community Hospital, The REC Center, Rochelle Park District, and Helms Park & Athletic Complex. Available spaces range from 2,080 to 13,000 square feet, providing flexibility for various business needs. Attractive incentives are available, including free rent concessions, a substantial tenant improvement allowance, and flexible lease terms. This property is under new management and presents a compelling opportunity for businesses seeking a high-traffic, well-positioned location near key amenities and transportation routes. The proximity to Rochelle Township High School, Rochelle Community Hospital, and Rochelle Municipal Airport further enhances its appeal.
Property Features for 144 May Mart Dr
General Information
Property type
Restaurants
Lease Type
Gross Lease
RSF (Rentable sq. ft)
58,376 SF
Total Rate
34052.67
Unit(s) available at that property
Space
Available Space 3
Size
2,080 SF
Rate per SF
$13
Space
Available Space 4
Size
4,900 SF
Rate per SF
$11
Space
Available Space 6
Size
13,000 SF
Rate per SF
$7
Space
Available Space 5
Size
5,700 SF
Rate per SF
$11
HighLights
58,376 SF multi‑tenant retail/office/special purpose community center in Ogle County.
Four available spaces ranging from 2,080 SF to 13,000 SF.
High‑traffic location on Rochelle's main commercial corridor with excellent visibility and accessibility near I‑88 and I‑39.
Strong retail co‑tenancy including Walmart, McDonald's, and Starbucks.
Less than four minutes to the I‑38/I‑39 interchange; close proximity to Rochelle Township High School, Rochelle Community Hospital, and Rochelle Municipal Airport.
Restaurant - Prime Rochelle location, high-traffic retail center.
Where is this restaurant located?
The property is located at 144 May Mart Dr Rochelle, IL.
What is the lease rate?
The lease rate is $7-$13 SF/Yr.
What are key features of this property?
This property features: 58,376 SF multi-tenant retail/office/special purpose community center in Ogle County.; Four available spaces ranging from 2,080 SF to 13,000 SF.; High-traffic location on Rochelle's main commercial corridor with excellent visibility and accessibility near I-88 and I-39.
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144 May Mart Dr Rochelle, IL 61068
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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
144 May Mart Dr Rochelle, IL 61068
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144 May Mart Dr, Rochelle, IL
John Perlmutter
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144 May Mart Dr, Rochelle, IL
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