505 Galena Ave, Dixon, IL 61021-3756
This exceptional 5,838-square-foot retail property, located at 505 S Galena Ave in Dixon, Illinois, presents a significant opportunity for businesses seeking a prominent location. The single-tenant building boasts a highly visible corner lot at the southwest corner of S Galena Ave and E 5th St, ensuring excellent exposure to a substantial volume of traffic. With 5,830 square feet currently available for lease, this freestanding structure offers ample space for a variety of retail ventures. The property sits on a 0.75-acre lot and includes 34 on-site parking spaces, providing convenient access for customers and employees. Situated in a well-established business district within Lee County, this property benefits from its long-standing presence in the Dixon community, offering established brand recognition and excellent signage opportunities. The building's location within the heart of the Dixon business district ensures high foot traffic and easy access for customers. This is an ideal location for businesses seeking to establish a strong presence in a thriving community. The property is ready for immediate occupancy and offers a chance to capitalize on a prime retail location in a desirable area.
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Galena Smoke Shop (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.