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    100 Steward Rd Rochelle, IL 61068

    Sponsored
    For Sale
    $1,525,000

    I-88 Frontage, Flexible Lot Size

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional commercial land parcel, located at 100 Steward Rd in Rochelle, Illinois (zip code 61068), presents a unique investment opportunity. The property boasts a substantial lot size ranging from 10 to 21 acres, offering significant flexibility for development. Priced at $1,525,000, or $1.75 per square foot, this land provides excellent value. Strategically situated with 700 feet of frontage on I-88, the property benefits from high visibility and accessibility. Prominent signage opportunities exist on both I-88 (pylon sign) and Steward Road, ensuring maximum brand exposure. The property is annexed to the city of Rochelle and is conveniently located within the Lee-Ogle County Enterprise Zone, potentially offering economic incentives. The property's APN is 24-36-251-007. A long-term ground lease option is also available for the user. This prime location and flexible options make this an ideal site for a variety of commercial ventures. Don't miss this chance to acquire a highly visible and strategically located commercial property in a growing area.

    Property Features for 100 Steward Rd

    General Information

    Property type
    Land
    Lot Size
    435,600 SF

    HighLights

    • Flexible lot size (10‑21 acres) available for sale.
    • Long‑term ground lease option available.
    • 700 feet of I‑88 frontage.
    • Pylon signage opportunity on I‑88.
    • Frontage signage on Steward Road.
    • Annexed to the City of Rochelle, IL.
    Property Profile Location Intelligence

    Current Use by Public Records

    Illinois Best Plumbing Plumbing Supply Store

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochelle
    County
    Ogle
    State
    Illinois
    Longitude
    -89.0250286
    Latitude
    41.8715658

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    FAQs

    What type of property is this?
    Land - I-88 Frontage, Flexible Lot Size
    Where is this land located?
    The property is located at 100 Steward Rd Rochelle, IL.
    What is the asking price?
    The asking price for this property is $1,525,000.
    What are key features of this property?
    This property features: Flexible lot size (10-21 acres) available for sale.; Long-term ground lease option available.; 700 feet of I-88 frontage.
    Request Owner's contact information
    100 Steward Rd 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
    100 Steward Rd Rochelle, IL 61068
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