311 Il-38 Rochelle, IL 61068
This exceptional 1.15-acre commercial land parcel presents a rare opportunity for development. Strategically located at 311 E Route 38 in Rochelle, Illinois, this property boasts two available outparcels situated directly adjacent to a Walmart. The high-traffic location ensures significant visibility and accessibility for any business. The property's convenient access to Route 38 guarantees substantial foot and vehicle traffic, making it ideal for a variety of commercial ventures. Rochelle's strategic position as a transportation hub, earning it the nickname "Hub City," further enhances the property's appeal. Its location at the intersection of I-39, I-88, and two major railroads provides unparalleled connectivity to regional and national markets. This prime location offers significant advantages for businesses seeking high visibility and convenient access to a large customer base. The 1.15-acre lot provides ample space for development, allowing for flexibility in design and construction. This is a unique opportunity to establish a thriving business in a dynamic and rapidly growing area. The property is located in Ogle County, Illinois, with a zip code of 61068. The coordinates are 41.937291 latitude and -89.0515349 longitude. This property is offered for sale.
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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
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Property description
Physical attributes from public recordsZoning & alternative use
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.