Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4400 Lincolnway Sterling, IL 61081
    Back to Search
    Property profile & analytics

    4400 Lincolnway, Sterling, IL 61081

    View on Map
    • Retail properties & Spaces
    • 12,328 SF
    • 8.90 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 4400 Lincolnway

    Year built
    2022
    Lot size
    8.90 lot acres
    Property type
    Retail properties & Spaces

    Description

    This exceptional 12,328 square foot retail property, built in 2022, is situated on 8.9 acres of land at 4400 E Lincolnway in Sterling, Illinois (zip code 61081). The single-story building features four suites, with 7,003 square feet currently vacant, offering flexible space options ranging from 1,700 to 5,303 square feet. The property boasts excellent visibility and high traffic counts, exceeding 12,000 vehicles per day, making it an ideal location for businesses seeking high exposure. Located in Sterling's main shopping corridor, this center benefits from proximity to major retailers such as Buffalo Wild Wings, Dollar Tree, Kay Jewelers, Menards, and Walmart. Ample parking is provided with 56 spaces. The property is zoned commercial and features building signage opportunities. This mixed-use property presents a unique opportunity for businesses seeking a prominent location in a thriving retail environment. The address is easily accessible via East Lincolnway, with a cross street approximately 538 feet away.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sterling
    County
    Brown
    State
    Illinois
    Longitude
    -89.6444
    Latitude
    41.8191

    Comparable in this City

    • Value Estimation by Request
      12,000 SF

      2708 4Th St

      Restaurants
      2708 4Th St, Sterling, IL 61081
      View Details
    • Value Estimation by Request
      7,000 SF

      2709 Locust St

      Mixed-use properties
      2709 Locust St, Sterling, IL 61081
      View Details
    • Value Estimation by Request

      1607 3rd St

      COMMERCIAL (GENERAL)
      1607 3rd St, Sterling, IL 61081
      View Details
    • Value Estimation by Request

      1603 3rd St

      COMMERCIAL (GENERAL)
      1603 3rd St, Sterling, IL 61081-3109
      View Details
    • Value Estimation by Request
      0.05 Acres

      18 3rd St

      COMMERCIAL (GENERAL)
      18 3rd St, Sterling, IL 61081-3615
      View Details
    • Value Estimation by Request
      0.08 Acres

      417 3rd St

      VACANT COMMERCIAL LAND
      417 3rd St, Sterling, IL 61081-3701
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Versatile Commercial Building in Sterling

      12,000 SF building suitable for various commercial uses.
      2708 W 4Th St, Sterling, IL 61081
      View Details
    • Contact for pricing
      3,925 SF

      Versatile Commercial Property on Acreage

      Commercially zoned property suitable for retail, office, or garden center.
      1706 E 5Th St, Sterling, IL 61081
      View Details
    • Contact for pricing
      1,251 SF

      Renovated Storefront Near Downtown

      Newly renovated 1,250+ sq ft commercial storefront for sale.
      508 E 3Rd St, Sterling, IL 61081
      View Details
    • Contact for pricing
      0.40 Acres

      Residential Land in Tori Pines

      Home building site available in Sterling, Illinois' Tori Pines Subdivision.
      E 19Th St, Sterling, IL 61081
      View Details
    • Contact for pricing

      Sterling, IL Home Building Site

      Residential land for sale in Tori Pines Subdivision, Sterling, IL.
      E 19Th St, Sterling, IL 61081
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      4115 E Lincolnway, Sterling, IL 61081
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,000 SF

      Retail and Office Space Available

      Multiple units available for rent near downtown Sterling, Illinois.
      2317 East Lincolnway, Sterling, IL 61081
      View Details
    • Contact for pricing

      Retail Space on Lincoln Way

      Retail space available with high traffic volume on IL 2.
      4115 E Lincolnway, Sterling, IL 61081
      View Details
    • Contact for pricing
      1,002 SF

      Sterling, IL Commercial Space

      Highly visible office or retail space in Sterling, Illinois.
      2522 E Lincolnway, Sterling, IL 61081
      View Details
    • Contact for pricing
      701 SF

      Office/Retail Space in Sterling, IL

      700 sq. ft. office or retail space for rent.
      503 E 3Rd St, Sterling, IL 61081
      View Details
    • Contact for pricing
      7,000 SF

      Sterling Retail Space For Rent

      7000 sq ft retail space in Pine Tree complex.
      4311 E Lincolnway, Sterling, IL 61081
      View Details
    • Contact for pricing
      21,148 SF

      Professional Office Space Available

      Office space suitable for medical, financial, or professional services.
      2002 E 5Th St, Sterling, IL 61081
      View Details
    Request Owner's contact information
    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.
    4400 Lincolnway
    Sterling, IL 61081
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4400 Lincolnway, Sterling, IL, 61081
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!