1010 S 7th St Rochelle, IL 61068
Estimated payment $5,916/month
About This Lot
PRICE REDUCED! Don't miss this turn key commercial opportunity in Rochelle! This property has been completely renovated and offers two buildings. The main building is approx. 2500 square feet and offers 4 spacious, private offices, an additional office/breakroom area and a large open area in the middle of the building, which had been used as a vehicle showroom until recently. This inviting area features 15' ceilings, windowed walls and a 6' wide door for easy access. This space could be divided into additional offices or used as a lobby or reception area for your business. This building also offers 2 bathrooms, a mechanical room, a welcoming entry foyer and additional storage areas as well. This building has received the best of care and has recently received a new steel roof, commercial flooring, fresh paint, an atrium style addition on the front of the building with all new windows, doors and a stone facade in 2022. The second building has recently been constructed and is approx. 26x40. This heated and insulated building offers a concrete floor with drains, hot and cold water, and 4 large overhead garage doors for easy access. The expansive asphalt parking lot was new in 2022 and offers room for approx. 80 cars. The concrete work and lighting system was also new at that time. This property is located just seconds off of I-88 and features two driveways off of Rt. 251 for easy ingress and egress, a strong traffic count and with many large employers nearby, this would make an excellent location for a bank, medical or professional office, sales or any other business use. The owner of this property spared no expense when renovating this property and it is priced well below the cost to build new, with no wait. Take a look today, you will not be disappointed!
Property Details
Property Type
- Land
Est. Annual Taxes
- $17,666
Lot Details
- Property fronts a state road
- Level Lot
- Current uses include commercial
Location
- Easements include pipe line
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $17,666 | $200,720 | $58,645 | $142,075 |
| 2023 | $2,022 | $233,793 | $57,679 | $176,114 |
| 2022 | $9,683 | $103,960 | $30,898 | $73,062 |
| 2021 | $9,206 | $96,037 | $28,543 | $67,494 |
| 2020 | $8,859 | $91,464 | $27,184 | $64,280 |
| 2019 | $8,695 | $89,890 | $26,716 | $63,174 |
| 2018 | $8,484 | $88,127 | $26,192 | $61,935 |
| 2017 | $8,366 | $88,127 | $26,192 | $61,935 |
| 2016 | $8,300 | $85,710 | $25,474 | $60,236 |
| 2015 | $8,067 | $84,277 | $25,048 | $59,229 |
| 2014 | $8,356 | $84,277 | $25,048 | $59,229 |
| 2013 | $8,171 | $88,350 | $26,259 | $62,091 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/02/2025 09/02/25 | Price Changed | $849,000 | -5.6% | -- |
| 08/18/2025 08/18/25 | Price Changed | $899,000 | -9.6% | -- |
| 06/25/2025 06/25/25 | For Sale | $995,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Warranty Deed | $275,000 | None Available | |
| Deed | $270,000 | None Available | |
| Warranty Deed | $323,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,500,000 | Commercial | |
| Previous Owner | $260,000 | New Conventional | |
| Previous Owner | $260,000 | Future Advance Clause Open End Mortgage |
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