Property profile

505 Galena Ave Dixon, IL 61021

OFF-MARKET
Commercial real estate
Property ID
US28-4208083
Individually Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 07-08-05-279-015
UPID US28-4208083

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
  • (Bike/Boat/Book/etc) Store

Location

505 Galena Ave Dixon, IL 61021-3756
Dixon metro Census 300 DIXON, IL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$470k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$470k

Owner & transaction history

since 2025
Last sale
$300,000
2 recorded transactions
2025
$300,000
2024
$470,000

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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