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    5642 2Nd St Loves Park, IL 61111

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    Prime Office Space, Two Buildings, 25,763 SF

    Property size:
    25,763 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, located at 5642 N 2nd St in Loves Park, Illinois, presents a unique investment opportunity. The property consists of two buildings totaling 25,763 square feet, offering a blend of creative and traditional office space. Built in 1961, the buildings are classified as Class C and sit on a generous 55,060 square foot lot, zoned CR. Currently housing two tenants under a modified lease agreement, this multi-tenant property offers flexibility for various business needs. The interior features updated private offices, spacious conference rooms, a reception area, kitchenettes, and restrooms. The property is ideally suited for businesses seeking ample space and a central Loves Park location. Furniture, fixtures, and equipment are available for purchase alongside the building, providing a seamless transition for new occupants. This is a rare opportunity to acquire a well-established office complex in a thriving Illinois community. The property's size and layout offer significant potential for expansion or adaptation to suit a variety of business models. Interested parties are encouraged to explore this exceptional offering.

    Property Features for 5642 2Nd St

    General Information

    Property type
    Office space
    Square Feet
    25,763 SF
    Class
    C

    Building Details

    Year Built
    1961
    Buildings
    2

    HighLights

    • Exceptional investment opportunity: Two‑building, 25,763 SF office complex in Loves Park, IL.
    • Class C buildings, built in 1961, situated on a 55,060 SF lot (CR zoning).
    • Multi‑tenant property with flexible space, currently housing two tenants under a modified lease.
    • Features updated offices, conference rooms, reception area, kitchenettes, and restrooms. FF&E available for purchase.
    • Prime Loves Park location with expansion potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ticomix Computer Support And Services breaking away crm Software Company GoldBox Software Software Company

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Loves Park
    County
    Winnebago
    State
    Illinois
    Longitude
    -89.05787891
    Latitude
    42.3139429

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    FAQs

    What type of property is this?
    Office space - Prime Office Space, Two Buildings, 25,763 SF
    Where is this office space located?
    The property is located at 5642 2Nd St Loves Park, IL.
    What are key features of this property?
    This property features: Exceptional investment opportunity: Two-building, 25,763 SF office complex in Loves Park, IL.; Class C buildings, built in 1961, situated on a 55,060 SF lot (CR zoning).; Multi-tenant property with flexible space, currently housing two tenants under a modified lease.
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    5642 2Nd St Loves Park, IL 61111
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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
    5642 2Nd St Loves Park, IL 61111
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