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    OFF-MARKET
    Specialty properties

    144 May Mart Dr, Rochelle, IL 61068

    58,376 SF
    Property ID
    Property summary
    AI-generated overview

    Rochelle Commons offers a unique investment opportunity in Ogle County, Illinois. This 58,376 square foot multi-tenant property features a mix of retail, office, and special purpose spaces, currently with 30,604 square feet available. The center is strategically located on a major commercial corridor in Rochelle, boasting excellent visibility and accessibility. Its prime location offers easy access to Interstates 88 and 39, placing it within minutes of a full interchange. The property benefits from its proximity to significant traffic generators, including a Walmart Supercenter, McDonald's, Starbucks, Aldi's, Ace Hardware, Dunkin', Walgreens, Rochelle Community Hospital, The REC Center, Rochelle Park District, and Helms Park & Athletic Complex. Available spaces range from 2,080 to 13,000 square feet, providing flexibility for various business needs. Attractive incentives are available, including free rent concessions, a substantial tenant improvement allowance, and flexible lease terms. This property is under new management and presents a compelling opportunity for businesses seeking a high-traffic, well-positioned location near key amenities and transportation routes. The proximity to Rochelle Township High School, Rochelle Community Hospital, and Rochelle Municipal Airport further enhances its appeal.

    Property profile
    Verified
    Property type Specialty properties
    Total area 58,376 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
    Current use
    Occupant on record · Public records
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    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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