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501 W 6th Avenue Rochelle, IL 61068 Commercial - Retail Active

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Description

Beautifullly Remodeled Office Building for Sale Originally built in 1965 and completely brought back to life in 2018-2019, this building has had a major facelift. The interior was fully gutted and rebuilt, giving you a clean, modern space with all the big-ticket updates already done. Updates include a new roof (2018), new windows, and a new front entry that really improves the overall look and feel of the property. Inside, you'll find updated electrical, two new furnaces, updated electronic systems, and dual thermostats so each floor can be controlled separately. There's also new flooring throughout and kitchenettes added for convenience. The building is set up with keyless entry and security locks for individual offices, making it ideal for multiple users. Plumbing has mostly been updated, and the lower-level restrooms include new toilets and urinals. Chair lifts are already in place for accessibility. The layout is flexible and can easily work for a variety of uses, with approximately 4-8 office spaces depending on how you set it up. Whether you're looking to occupy part of the building and rent the rest, or use it entirely for your own business, there are a lot of options here. Located on a corner lot in the downtown area, the property offers great visibility along with off-street parking for added convenience. The upper floor is currently used as one business since 2018, but could also be individual office spaces with a shared break room. If you're looking for a solid, updated office building where the work has already been done, this is one worth a look.

Property Highlights

Property Type: Commercial - Retail
Building Description: 2.0 stories
Year Built: 1965

General Information

County: Ogle
Listed By:
Weichert REALTORS Signature Professionals 815-561-8595
MRED MLS
$284,500
Est. $1,879/mo
New to the Market Active
SQUARE FEET4,736 MLS#12593218
STATUSActive PROPERTY TYPECommercial - Retail

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Ruhl&Ruhl Realtors
563.441.1776

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501 W 6th Avenue, Rochelle, IL 61068.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $284,500$284,500$284,500
Down Payment $56,900$9,958$71,125
Monthly Mortgage Amount $1,383$1,675$1,758
Taxes $396$396$396
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$125$0
Monthly Estimated Total $1,879$2,296$2,254

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