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    Property profile & analytics

    975 E Nerge Rd Roselle, IL 60172

    • Retail space
    • 3.60 lot acres
    For Sale
    View listing
    Value Estimation
    Last Sale
    Jun 07, 2022
    $2,500,000
    Location Intelligence
    Property ID
    US28-1250965
    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.

    Current Use by Public Records

    • Retail space

    Property Details for 975 E Nerge Rd

    Year built
    1980
    Lot size
    3.60 lot acres
    Property type
    Retail space
    APN
    07-35-400-011
    APU
    735400011

    Description

    This exceptional investment opportunity presents the Cross Creek Office Center, a 36,141 square foot Class B multi-tenant office building situated on a 3.79-acre lot in Roselle, Illinois (APN: 07-35-400-011). Built in 1977 and extensively renovated in 2021, the property boasts an impressive 88% occupancy rate with 31 diverse tenants, including dentists, financial service providers, psychotherapists, and insurance companies. The current Net Operating Income (NOI) is $276,417, with a pro-forma NOI of $346,043, yielding a 9.56% cap rate. The average rent per square foot is $14.16. The property features ample outdoor parking on recently renovated paving and benefits from B-2 zoning, allowing for neighborhood shopping center or office uses. Three vacant suites are available, and the seller is willing to master-lease them upon request. The building offers a strong cash flow and significant upside potential due to its diverse tenancy and flexible zoning. The asking price is $2,890,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,965,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,680,000
      6.5%
      $2,555,000
      7%
      $2,245,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,295,000
      Geo Method
      $2,580,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,240,000
      Retail
      $2,165,000
      Mixed-Use
      $2,460,000
      Hospitality
      $2,570,000
      Educational
      $2,440,000
      Residential Income
      $2,070,000
      Energy
      $2,675,000
      Income-Based Land
      $2,155,000
      Food Service
      $2,060,000

    Location Insight

    • Map
    • Local Demand
    City
    Roselle
    County
    Cook
    State
    Illinois
    Longitude
    -88.0564
    Latitude
    41.9982
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN 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
    2022
    $177,800
    $392,385
    $241,749
    $634,134
    -
    $1,569,540
    $966,996
    $2,536,536

    Comparable in this City

    • Value Estimation
      $570,000
      15,225 SF

      407 Roselle Rd

      RETAIL STORES (PERSONAL SERVICES) • 15,225 SF
      407 Roselle Rd, Roselle, IL 60172-5010
      View Details
    • Value Estimation by Request
      1.11 Acres

      300 Roselle Rd

      RETAIL STORES (PERSONAL SERVICES) • 1.11 Acres
      300 Roselle Rd, Roselle, IL 60172
      View Details
    • Value Estimation
      $205,000
      660 SF

      19 Irving Park Rd

      RETAIL STORES (PERSONAL SERVICES) • 660 SF
      19 Irving Park Rd, Roselle, IL 60172-1117
      View Details
    • Value Estimation
      $635,000
      720 SF

      505 Roselle Rd

      STORE, RETAIL OUTLET • 720 SF
      505 Roselle Rd, Roselle, IL 60172-5008
      View Details
    • Value Estimation
      $1,625,000
      0.69 Acres

      1629 Roselle Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.69 Acres
      1629 Roselle Rd, Roselle, IL 60172-5019
      View Details
    • Value Estimation
      $250,000
      1,516 SF

      11 Irving Park Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,516 SF
      11 Irving Park Rd, Roselle, IL 60172-1124
      View Details

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    Similar Nearby for Lease

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      130,244 SF

      Roselle Retail Space For Lease

      Retail space available in the heart of Roselle, Illinois.
      731 E Nerge Rd, Roselle, IL 60172
      View Details
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    Roselle, IL 60172
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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