Technical
Financial
Distress signals
Property profile

1000 1st Ave Rock Falls, IL 61071

OFF-MARKET
Commercial land
Property ID
US28-3083417
2 ac lot
Entity Owned 13-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 62,000 square foot multi-tenant retail building in Rock Falls, Illinois, presents a compelling investment opportunity. Strategically located at 1000 1st Ave, 61071, this property boasts a prominent position and strong tenant occupancy. Currently housing established businesses such as Ollie's Bargain Outlet, Rent-A-Center, and Dollar General, this center offers immediate cash flow potential. Three vacant suites are available, providing flexibility for a variety of retail uses. The available spaces range in size from 1,800 square feet to 11,088 square feet, with options for combining the larger storage space (11,088 sq ft) with either of the smaller storefront spaces (2,276 sq ft and 1,800 sq ft). The property sits on a substantial 100-acre lot and provides ample parking with 19 spaces. The building's strong tenant mix and prime location make it an attractive investment for both seasoned and emerging investors seeking a stable and growing retail portfolio. The available spaces offer a unique opportunity to expand existing businesses or establish new ventures in a thriving community. This property is ready for immediate occupancy and offers significant upside potential. Contact us today to learn more about this exceptional retail investment opportunity.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 2 ac (87,120 SF)
APN 1133227015
UPID US28-3083417

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Bank Credit Union
  • Discount Store

Location

1000 1st Ave Rock Falls, IL 61071-1629
Rock Falls metro Census 1600 STERLING, IL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2013
1 recorded transaction
2013
$400,000

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
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