497 Il-38 Rochelle, IL 61068
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.