1681 Galena Ave Dixon, IL 61021-9612
Property profile & analytics
1681 Galena Ave Dixon, IL 61021-9612
- Commercial land
- 0.76 lot acres
Property ID
US28-0280786
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Chipotle Mexican Grill / Restaurant
Property Details for 1681 Galena Ave
- Lot size
- 0.76 lot acres
- Property type
- Commercial land
- APN
- 18-08-09-101-015
- APU
- 180809101015
Description
Exceptional investment opportunity: a brand-new, 2024-built Chipotle restaurant in Dixon, Illinois, is available for purchase. This 2,350 square foot, Class A property sits on a 0.75-acre lot and boasts a 15-year absolute NNN lease with a credit-rated corporate guarantor, Chipotle Mexican Grill, Inc. The lease features a 5.25% cap rate and a strong NOI of $134,500, with built-in rent bumps of 10% every five years, ensuring consistent income growth. The property is strategically located within the Dixon Gateway Development, a thriving commercial hub featuring national tenants such as Walmart, Marriott, Aldi, and Starbucks, ensuring high visibility and traffic. The property benefits from a modern "Chipotlane" drive-thru, further enhancing its appeal and potential for increased sales. The lease is an absolute NNN lease, meaning the tenant is responsible for all property expenses, providing a truly passive investment opportunity for the owner. With four 5-year renewal options, this investment offers long-term stability and significant return potential. The property's prime location on South Galena Avenue (IL Route 26) provides excellent access and visibility, with proximity to Interstate 88 offering significant regional exposure. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with a strong tenant and a proven track record of success. The property's parcel number is 18-08-09-101-015.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Dixon
- County
- Lee
- State
- Illinois
- Longitude
- -89.4759
- Latitude
- 41.826
- 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
$377
$0.00
$377
-
$1,131
$0.00
$1,131
