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    311 Rte 38 Rochelle, IL 61068

    Sponsored
    For Sale
    Contact for pricing

    High-traffic IL Route 38 land.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 2.3-acre land parcel presents a prime commercial opportunity in Rochelle, Illinois. Strategically located on East Route 38, this property offers unparalleled visibility and accessibility for businesses seeking high-traffic exposure. Situated just a 30-minute drive from Rockford, IL, this location benefits from the strong regional economy and substantial consumer base. Rochelle's designation as "Hub City" highlights its advantageous position at the intersection of major transportation arteries, including Interstates 39 and 88, and two railroad lines. This ensures excellent connectivity for logistics and distribution, making it an ideal location for a variety of commercial ventures. The expansive lot size provides ample space for development, allowing for flexibility in design and construction to suit diverse business needs. This exceptional property offers a unique chance to establish a thriving business in a dynamic and rapidly growing area. The high-traffic location and convenient access to major transportation networks make this an unparalleled investment opportunity. Serious inquiries are encouraged to explore the potential of this remarkable land parcel.

    Property Features for 311 Rte 38

    General Information

    Property type
    Land
    Lot Size
    100,188 SF

    HighLights

    • Two Walmart outparcels available along IL Route 38.
    • 30‑minute drive from Rockford, IL.
    • Rochelle, IL, is known as "Hub City" due to its location at the intersection of I‑39, I‑88, and two railroad lines.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rochelle
    County
    Ogle
    State
    Illinois
    Longitude
    -89.0515349
    Latitude
    41.937291

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    FAQs

    What type of property is this?
    Land - High-traffic IL Route 38 land.
    Where is this land located?
    The property is located at 311 Rte 38 Rochelle, IL.
    What are key features of this property?
    This property features: Two Walmart outparcels available along IL Route 38.; 30-minute drive from Rockford, IL.; Rochelle, IL, is known as "Hub City" due to its location at the intersection of I-39, I-88, and two railroad lines.
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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 Rte 38 Rochelle, IL 61068
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