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INVESTMENT HIGHLIGHTS
- Located seconds off of I-88
- Expansive asphalt parking lot
- Completely renovated in 2022
- Turn key office space
EXECUTIVE SUMMARY
PRICE REDUCED! Don't miss this TURN KEY commercial opportunity in Rochelle! This property offers a completely renovated, (approx.) 2500 square foot building featuring 4 spacious, private offices, an additional office/breakroom and a large open area in the center of the building which has been used as a vehicle showroom until recently. This area could also be converted into additional office space, or used as a lobby or reception area for your business. This building also offers 2 bathrooms, a mechanical room and additional storage. This building has been completely renovated since 2022 and received a new steel roof, commercial flooring, new paint, and an atrium style addition on the front of the building with new windows, 6' wide doors and a stone exterior. The second building on the property has recently been constructed and is approx. 26' x 40' (approx. 1000 square feet)and offers heat, insulation, hot and cold water and 4 large overhead doors for easy access. The asphalt parking lot, all of the concrete and the exterior lighting has all been installed new since 2022 as well. There is parking for approx. 80 vehicles. This property is located just seconds north of I-88 on Hwy 251 (S. 7th St.) and features two driveways for easy ingress and egress, a strong traffic count, many large employers nearby and would make a great location for a bank, medical or professional office, sales or any other business. The owner of this property spared no expense when the renovations were completed and this building is in impeccable condition. This property is priced well below replacement cost without the wait for a new build! Schedule an appointment to view this offering today! You will not be disappointed! Offers encouraged!!
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
3,500 SF
Building Class
B
Year Built/Renovated
1986/2022
Price
$849,000
Price Per SF
$242.57
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,500 SF
Building FAR
0.03
Lot Size
2.52 AC
Parking
79 Spaces (10 Spaces per 1,000 SF Leased)
1 1
PROPERTY TAXES
| Parcel Number | 24-25-302-007 | Total Assessment | $200,720 |
| Land Assessment | $58,645 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $142,075 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
24-25-302-007
Land Assessment
$58,645
Improvements Assessment
$142,075
Total Assessment
$200,720
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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1010 251 Hwy
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