1672 Galena AveDixon, IL 61021

  • Other commercial real estate
  • 1.38 AC
For Lease

Property Details for 1672 Galena Ave

Lot size
1.38 AC
Property type
Other commercial real estate
APN
18-08-09-176-004
APU
180809176004

Description

Rose Plaza, a thriving 11,577 square foot retail strip center in Dixon, Illinois, presents an exceptional investment opportunity. Built in 2006, this property boasts a prime location in the main retail corridor connecting Dixon to I-88, ensuring high visibility and consistent customer traffic. The center is strategically positioned as a Walmart shadow center, benefiting from the significant draw of a high-performing Walmart store with over 2 million annual visits, attracting shoppers from Dixon and neighboring towns. Currently, there are two available spaces, ranging from 900 to 1,760 square feet, providing flexibility for various retail businesses, healthcare services, or restaurants. The property shares an entrance with the Walmart, providing convenient access and shared customer flow. With a total of 11,577 square feet of building space and 1,760 square feet currently vacant, this center offers a unique chance to establish or expand your business in a high-traffic area. The property's address is 1672 S Galena Ave, Dixon, IL 61021. The convenient location and strong anchor tenant make this a compelling opportunity for businesses seeking high visibility and a robust customer base. The property offers one parking space.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $12,423,788
    Hospitality
    $11,380,123
    Educational
    $9,468,129
    Medical
    $9,793,752
    Retail
    $14,728,200
1672 Galena Ave, Dixon, Illinois
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Location Insight

City
Dixon
County
Lee
State
Illinois
Latitude
41.8265
Longitude
-89.4746
CBSA code
19940
CBSA name
DIXON, IL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2021
$36,473
$28,829
$358,115
$386,944
-
$86,487
$1,074,345
$1,160,832

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