600 15Th St Rochelle, IL 61068
- Industrial properties
- 1,728 SF
- 1.08 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 600 15Th St
- Year built
- 2014
- Lot size
- 1.08 lot acres
- Property size
- 1,728 SF
- Property type
- Industrial properties
- APN
- 24-23-401-015
- APU
- 2423401015
Description
This exceptional 11,500 square foot facility, situated on a 1.08-acre lot in Rochelle, IL, presents a unique investment opportunity. Formerly a cutting-edge seed research center, the property boasts a versatile layout ideal for a variety of uses. The main building, constructed of brick and meticulously maintained, features a first floor with twelve offices and three labs. The lower level offers additional office space, expansive storage areas, and secure seed vaults equipped with filtration and cooling systems. A city water fire suppression sprinkler system ensures comprehensive fire protection. Recent upgrades include a complete electrical system overhaul and newer furnaces in the office area. The property also includes two substantial greenhouses, each approximately 1600 square feet, complete with automatic shutters, heaters, and water access for year-round operation. A 1600 square foot climate-controlled room is attached to the greenhouses. Further enhancing the property's functionality is a 45ft x 30ft cold storage pole barn. The building is equipped with internet hookups and a security system. This versatile property, with its blend of office, lab, storage, and greenhouse space, offers significant potential for diverse business ventures. Its impeccable condition and recent upgrades make it a truly attractive investment. The location in Rochelle, IL provides easy access to transportation and infrastructure.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $715,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $750,000
- 6.5%
- $735,000
- 7%
- $730,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $785,000
- Geo Method
- $665,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $715,000
- Retail
- $550,000
- Mixed-Use
- $585,000
- Hospitality
- $770,000
- Educational
- $655,000
- Residential Income
- $760,000
- Energy
- $755,000
- Income-Based Land
- $590,000
- Food Service
- $705,000
Location Insight
- Map
- Local Demand
- City
- Rochelle
- County
- Ogle
- State
- Illinois
- Longitude
- -89.079
- Latitude
- 41.9248
- CBSA code
- 40300
- CBSA name
- ROCHELLE, IL MICROPOLITAN STATISTICAL AREA