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    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:
    392
    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

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    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
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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
    497 Il-38 Rochelle, IL 61068
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