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    600 15Th St Rochelle, IL 61068

    Sponsored
    For Sale
    $499,900

    11,500 SF Executive Office, $499,900

    Property size:
    11,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 11,500 square foot executive office complex, located at 600 N 15th Street in Rochelle, Illinois, presents a unique investment opportunity. The property sits on a 1.08-acre lot and is zoned I-2, offering considerable flexibility for future use. Previously a state-of-the-art seed research center, the building boasts a wealth of features ideal for a variety of businesses. The main office complex comprises 12 private offices and three labs on the first floor, providing ample space for individual work and collaborative projects. The lower level offers extensive storage areas, secure seed vaults, and a furnace room. Two large greenhouses, equipped with updated automatic shutters and heaters, allow for year-round cultivation. Further enhancing the property's functionality is a 45' x 30' cold storage pole barn. Recent upgrades include a modernized sprinkler system, a complete electrical system update, and newer furnaces in the office section. This property offers a blend of modern amenities and substantial space, making it an attractive proposition for discerning buyers seeking a versatile and well-maintained commercial space in a desirable location. The property's address is 600 N 15th St, Rochelle, IL 61068.

    Property Features for 600 15Th St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    11,500 SF
    Lot Size
    47,045 SF

    HighLights

    • Former state‑of‑the‑art seed research facility.
    • Two large greenhouses with automated climate control.
    • First floor features 12 private offices and three labs.
    • Lower level includes ample storage, seed vaults, and mechanical room.
    • Equipped with an updated fire sprinkler system.
    • Modern electrical system throughout.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -89.0788955
    Latitude
    41.9248704

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    FAQs

    What type of property is this?
    Office Property / Space - 11,500 SF Executive Office, $499,900
    Where is this office property / space located?
    The property is located at 600 15Th St Rochelle, IL.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: Former state-of-the-art seed research facility.; Two large greenhouses with automated climate control.; First floor features 12 private offices and three labs.
    Request Owner's contact information
    600 15Th St 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.

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    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
    600 15Th St Rochelle, IL 61068
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