$849,000
$146K PRICE DROP

1010 S 7th St Rochelle, IL 61068

Estimated payment $5,916/month

Total Views 27
2.5 Acres
$339,600 Price per Acre
108,900 Sq Ft Lot

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!

Listing Agent

Eric Bird

Bird Realty Listed on: 06/25/2025

Listing Provided By

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

Property Details

Property Type

Land

Est. Annual Taxes

$17,666

Lot Details

0

Listing Details

  • Office Phone: 779-999-4195
  • Listing Website: https://www.land.com/property/2.5-acres-in-ogle-county-illinois/23968359/
  • Property Type: Lot / Land
  • Property Sub-Type: Other
  • Offered By: LandNetwork
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Has Attic: No
  • Disability Access: No
  • Sprinklers: No

Exterior Features

  • Road Description: Concrete, State

Lot Info

  • Current Use: Commercial
  • Lot Description: Level
  • Easements: Pipe Line

Map

Range of Values:

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ICE

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
Source: Public Records

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
Source: Public Records

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
Source: Public Records