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    737 Galena Ave Dixon, IL 61021

    For Sale
    $750,000

    Prime Dixon Location, Owner-User Opportunity

    Property size:
    2,635 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This vacant 2,635 square foot QSR/restaurant building presents a compelling owner-user or redevelopment opportunity. Located on 0.83 acres at 737 N Galena Ave in Dixon, Illinois (zip code 61021), this property boasts a prime location along US Highway 52, experiencing an average daily traffic count of 19,500 vehicles. Built in 1995, the building features a drive-thru and ample parking (22 spaces). The B-2 General Business zoning allows for a wide range of commercial uses. This highly desirable retail location offers direct access to residential areas and is surrounded by national and regional tenants including Walgreens, O'Reilly Auto Parts, Ace Hardware, AutoZone, Napa Auto Parts, McDonald's, and Wendy's, ensuring a strong customer base. The asking price is $750,000, translating to $302 per square foot. The property's proximity to downtown Dixon further enhances its appeal. This is an exceptional opportunity to acquire a well-situated commercial property in a thriving market. The property's APN is 07-02-32-177-051. This is a rare chance to own a piece of Dixon's vibrant commercial landscape.

    Property Features for 737 Galena Ave

    General Information

    Property type
    Restaurants
    Square Feet
    2,635 SF
    Lot Size
    36,155 SF

    Building Details

    Year Built
    1995

    HighLights

    • $750,000 asking price for this 2,635 SF retail property.
    • Owner‑user or redevelopment opportunity in a former KFC building.
    • Located on 0.83 acres with 22 parking spaces in Dixon, IL.
    • B‑2 zoning allows for a variety of commercial uses.
    • Features a drive‑thru and is situated on N. Galena Ave (US Hwy 52) with 19,500 VPD.
    Property Profile Insight Report 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
    Dixon
    County
    Lee
    State
    Illinois
    Longitude
    -89.4876183
    Latitude
    41.8536217

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    FAQs

    What type of property is this?
    Restaurant - Prime Dixon Location, Owner-User Opportunity
    Where is this restaurant located?
    The property is located at 737 Galena Ave Dixon, IL.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: $750,000 asking price for this 2,635 SF retail property.; Owner-user or redevelopment opportunity in a former KFC building.; Located on 0.83 acres with 22 parking spaces in Dixon, IL.
    Request Owner's contact information
    737 Galena Ave Dixon, IL 61021
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    Dixon, IL 61021
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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
    737 Galena Ave Dixon, IL 61021
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