Property profile

1 Marquette Ave Oglesby, IL 61348

FOR SALE
Commercial real estate
Property ID
US28-4662902
3,150 SF 0.95 ac lot
Entity Owned 2-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional commercial property, located at 1 Marquette Avenue in Oglesby, presents a unique opportunity for a discerning tenant. Situated on a prominent corner near the I-39 Oglesby exit, this former Burger King restaurant boasts high visibility and easy access. The building offers a generous 3,150 square feet of space, all on one level, making it ideal for a variety of retail or restaurant uses. Key features include two convenient drive-up windows, a substantial asphalt parking lot to accommodate ample customer parking, and multiple heating and cooling zones for optimal climate control throughout the space. The property is zoned for commercial use and benefits from a robust electrical supply of 201-600 amps. The building is available for lease at a monthly rate of $6,500. In addition to the base rent, the tenant is responsible for real estate taxes and building maintenance. This is a rare opportunity to secure a well-located, spacious commercial property in a thriving area. The property's size, location, and amenities make it an attractive option for businesses seeking a strong presence in the Oglesby market. Contact us today to schedule a viewing.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 3,150 SF
Lot 0.95 ac (41,382 SF)
APN 18-35-202-002
UPID US28-4662902

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1 Marquette Ave Oglesby, IL 61348
Oglesby metro Census 963400 OTTAWA, IL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$340k

Owner & transaction history

since 2023
2 recorded transactions
2023
Price N/A
2006
$1.2M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message