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    300 Steward Rd Rochelle, IL 61068

    Sponsored
    For Sale
    $1,275,000

    13-acre I-1 zoned lot, $1.275M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 13-acre commercial land parcel, located at 300 Steward Road in Rochelle, Illinois (zip code 61068), presents a unique investment opportunity. Zoned Light Industrial I-1, this property boasts 625 feet of frontage on I-88, providing unparalleled visibility and accessibility. All off-site development is complete, including water and sanitary sewer connections (Rochelle Municipal Utilities), electrical service, a newly installed Steward Road turning lane, and street lighting. The property's location offers significant advantages for businesses seeking convenient access to major transportation routes. The land is priced at $2.25 per square foot, totaling $1,275,000. The parcel number is 24-36-251-009. Signage opportunities are available along the I-88 frontage, enhancing marketing potential. This ready-to-develop site in Ogle County is ideal for a variety of industrial uses, offering a strategic location and comprehensive infrastructure. Don't miss this chance to acquire a prime piece of commercial real estate in a thriving Illinois market.

    Property Features for 300 Steward Rd

    General Information

    Property type
    Land
    Lot Size
    566,280 SF

    HighLights

    • All off‑site improvements complete.
    • Zoned I‑1 Light Industrial.
    • City water and sewer available.
    • Electrical service available.
    • New turning lane installed on Steward Road.
    • Street lighting installed.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hub City Development, ... Real Estate Developer

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochelle
    County
    Ogle
    State
    Illinois
    Longitude
    -89.0632589
    Latitude
    41.8972132

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    FAQs

    What type of property is this?
    Land - 13-acre I-1 zoned lot, $1.275M
    Where is this land located?
    The property is located at 300 Steward Rd Rochelle, IL.
    What is the asking price?
    The asking price for this property is $1,275,000.
    What are key features of this property?
    This property features: All off-site improvements complete.; Zoned I-1 Light Industrial.; City water and sewer available.
    Request Owner's contact information
    300 Steward Rd 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.

    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
    300 Steward Rd Rochelle, IL 61068
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