100 Steward Rd Rochelle, IL 61068
This exceptional commercial land parcel, located at 100 Steward Rd in Rochelle, Illinois (zip code 61068), presents a unique investment opportunity. The property boasts a substantial lot size ranging from 10 to 21 acres, offering significant flexibility for development. Priced at $1,525,000, or $1.75 per square foot, this land provides excellent value. Strategically situated with 700 feet of frontage on I-88, the property benefits from high visibility and accessibility. Prominent signage opportunities exist on both I-88 (pylon sign) and Steward Road, ensuring maximum brand exposure. The property is annexed to the city of Rochelle and is conveniently located within the Lee-Ogle County Enterprise Zone, potentially offering economic incentives. The property's APN is 24-36-251-007. A long-term ground lease option is also available for the user. This prime location and flexible options make this an ideal site for a variety of commercial ventures. Don't miss this chance to acquire a highly visible and strategically located commercial property in a growing area.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.