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Property profile & analytics
OFF-MARKET
Neighborhood centers

497 Il-38 Rochelle, IL 61068

6,515 SF
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Neighborhood centers
Total area 6,515 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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