Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    497 Il-38 Rochelle, IL 61068

    Sponsored
    For Lease
    Contact for pricing

    High-visibility retail space available.

    Lot size:
    6,515 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 6,515 square foot retail strip center in Rochelle, IL (61068) presents a unique leasing opportunity. Located at 497 E. Illinois Route 38, the property boasts a prominent location with high visibility and easy accessibility for customers. The center features a total of 37 parking spaces, ensuring ample convenience for patrons. Currently, 2,935 square feet of space is available for lease, offering a versatile layout adaptable to various retail businesses. The property sits on a 0.9-acre lot and is well-maintained, presenting a professional and inviting exterior. Its strategic location within a high-traffic area provides an ideal setting for businesses seeking to establish a strong presence and attract a substantial customer base. The existing tenancy is multi-unit, creating a vibrant and bustling atmosphere. This is an excellent opportunity for businesses looking to thrive in a prime retail location with high visibility and ample parking. The available space is ready for immediate occupancy and offers significant potential for growth and success. Don't miss this chance to secure a prominent retail space in a thriving community.

    Property Features for 497 Il-38

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,515 SF

    Unit(s) available at that property

    Space
    Unit B
    Size
    2,935 SF

    HighLights

    • High‑visibility location ideal for retail and strip center tenants.
    • Abundant on‑site parking.
    • Flexible floor plan allowing for customized tenant improvements.
    • Prime Rochelle, IL location at 497 E. Illinois Route, 61068.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Map

    City
    Rochelle
    County
    Ogle
    State
    Illinois
    Longitude
    -89.0669335
    Latitude
    41.9344333

    Nearby Comparable

    • $7 SF/Yr
      58,376 SF

      Rochelle Commons: Retail & Office Space

      Prime Rochelle location, high-traffic retail center.
      144 May Mart Dr, Rochelle, IL 61068
      View Details
    • $13 SF/Yr
      4,500 SF

      Rochelle Warehouse Space Available

      4,500 square foot warehouse space for lease in Rochelle.
      211 E Il Route 38, Rochelle, IL 61068
      View Details
    • Contact for pricing
      10,500 SF

      Retail Property in Rochelle, Illinois

      Retail property available for lease in Rochelle, Illinois.
      1221 North Caron Rd, Rochelle, IL 61068
      View Details
    • $2 SF/Yr
      23,780 SF

      Rochelle Industrial Warehouse with Parking

      24,600 SF industrial space with secure trailer parking.
      161 2Nd Ave, Rochelle, IL 61068
      View Details
    • $3 SF/Yr
      24,800 SF

      Rochelle Industrial Warehouse Space Available

      24,800 SF industrial warehouse with loading bays and office space.
      147 2Nd Ave, Rochelle, IL 61068
      View Details
    • Contact for pricing
      100,000 SF

      Rochelle Warehouse with Logistics Solutions

      100,000 SF warehouse near I-39 & Downtown Rochelle.
      200 Avenue E, Rochelle, IL 61068
      View Details
    • Contact for pricing
      1,050 SF

      Retail Space Near Walmart

      1,050 SF retail suite shadow-anchored by Walmart.
      311 E Il Route 38, Rochelle, IL 61068
      View Details
    • $12 SF/Yr
      1,170 SF

      Retail Space in High-Traffic Location

      Retail space available in multi-tenant building at a busy intersection.
      5653-5661 Junction Way, Davis Junction, IL 61020
      View Details
    • $12 SF/Yr
      1,750 SF

      Auto Shop on Route 72

      Auto shop/body shop with hoists and updated office.
      117 E Roosevelt St, Stillman Valley, IL
      View Details
    • Contact for pricing
      5,000 SF

      DeKalb Retail Space For Lease

      Prime Retail Build-to-Suit, High Traffic
      1127 Lincoln Hwy, DeKalb, IL 60115
      View Details
    • Contact for pricing

      Land Available Near Interstate 88

      Land available in Schnucks Anchored center near Interstate 88.
      975 S Annie Glidden Rd, Dekalb, IL 60115
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Schnucks Anchored Center

      Retail space available in DeKalb, IL, near Interstate 88.
      901-975 S Annie Glidden Rd, Dekalb, IL 60115
      View Details

    Nearby Similar for Lease

    • Contact for pricing
      100,000 SF

      Rochelle Warehouse with Logistics Solutions

      100,000 SF warehouse near I-39 & Downtown Rochelle.
      200 Avenue E, Rochelle, IL 61068
      View Details
    • $7 SF/Yr
      58,376 SF

      Rochelle Commons: Retail & Office Space

      Prime Rochelle location, high-traffic retail center.
      144 May Mart Dr, Rochelle, IL 61068
      View Details
    • $2 SF/Yr
      23,780 SF

      Rochelle Industrial Warehouse with Parking

      24,600 SF industrial space with secure trailer parking.
      161 2Nd Ave, Rochelle, IL 61068
      View Details
    • Contact for pricing
      1,050 SF

      Retail Space Near Walmart

      1,050 SF retail suite shadow-anchored by Walmart.
      311 E Il Route 38, Rochelle, IL 61068
      View Details
    • $3 SF/Yr
      24,800 SF

      Rochelle Industrial Warehouse Space Available

      24,800 SF industrial warehouse with loading bays and office space.
      147 2Nd Ave, Rochelle, IL 61068
      View Details
    • Contact for pricing
      10,500 SF

      Retail Property in Rochelle, Illinois

      Retail property available for lease in Rochelle, Illinois.
      1221 North Caron Rd, Rochelle, IL 61068
      View Details
    • $13 SF/Yr
      4,500 SF

      Rochelle Warehouse Space Available

      4,500 square foot warehouse space for lease in Rochelle.
      211 E Il Route 38, Rochelle, IL 61068
      View Details

    FAQs

    What type of property is this?
    Neighborhood center - High-visibility retail space available.
    Where is this neighborhood center located?
    The property is located at 497 Il-38 Rochelle, IL.
    What are key features of this property?
    This property features: High-visibility location ideal for retail and strip center tenants.; Abundant on-site parking.; Flexible floor plan allowing for customized tenant improvements.
    Request Owner's contact information
    497 Il-38 Rochelle, IL 61068
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    497 Il-38
    Rochelle, IL 61068
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    497 Il-38 Rochelle, IL 61068
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.