Come build your dream home or have one custom built in this 1.09 acre lot in a rural subdivision. Private well & septic required.
Nestled in the heart of Rochelle, IL, at 205 Powers Rd, this cherished family-owned motel presents a unique investment opportunity. For over four decades, this property has been a staple of hospitality, offering both short-term accommodations and long-term tenancies. Situated on a generous .89-acre lot, it features an expansive parking area and a serene, grassy space behind the building, ideal for guest relaxation or potential expansion. The motel spans 3,684 square feet, with a total of 11 units divided into 5 single rooms, 5 double rooms, and a spacious 2-bedroom apartment, complete with a bathroom, living room, and kitchen. This apartment offers a perfect living solution for an onsite owner or manager, blending business with comfort. The facility also includes a small office area to facilitate smooth operations. Financially, this property has consistently demonstrated solid performance, with normal annual income ranging from $60,000 to $70,000. This is supported by a blend of short-term room rates-$50 per night for a single room and $60 for a double, with weekly rates of $300 and $350 respectively-and monthly rentals to long-term tenants. These tenants, five in total, contribute significantly to the motel's stability and income, with annual rent from regular tenants alone amounting to $53,160, before even considering motel rentals. The property's expenses are well managed, with total costs in 2023 (including property taxes) amounting to $21,921.81, leading to an average annual profit between $40,000 and $50,000 for the owners. It boasts a new roof installed 12 years ago and well-maintained mechanical systems, ensuring that the next owners will inherit a property in good working order. Located at 205 Powers Rd, Rochelle, IL 61068, this motel not only offers a solid financial foundation but also potential for growth. Whether maintaining its current operation, enhancing its promotion and advertising, or converting it into studio/efficiency apartments, the possibilities are vast. This opportunity is particularly appealing for those looking to step into a well-established business with room for innovation and expansion. The current owner, seeking retirement after years of dedication, has managed the property with minimal onsite presence, highlighting a significant opportunity for improvement and increased profitability for hands-on management. This is an excellent chance for someone ready to take this longstanding establishment to new heights, building on its legacy and exploring new avenues for success. In summary, 205 Powers Rd offers a blend of tradition, potential, and financial stability, making it an attractive proposition for anyone looking to invest in the hospitality industry or explore the realm of property management and development.
Just west of Liberty Village. Highly visible with plenty of frontage on Flagg Road, this lot has multi-family residential development potential. Located in the City of Rochelle, zoned PUD-R. Water located on north side of road, sewer located at Liberty Village.
This is a 2 family, 2-story home. The 2nd floor unit address is 423 1/2 8th Avenue. New porch stairs to all doorways and exterior foundation work completed. Roof, windows and vinyl siding are about 10 years old. The 1st floor unit is a very large 3 bedroom and 2 full baths unit. The tenants have been there for years and continue on a month to month basis. There are laundry hook-ups on the 1st floor and access to the basement. The 2nd floor unit is a 1 bedroom/1bath. Tenants pay electric and garbage. Owner pays gas, water, and sewer.
Lot #16 in Deer Creek Estates is 1.24 Acres. Nice buildable lot in country subdivision, located close to Skare Park. Private well needed and septic required. Covenants are on file at Lori Patterson Real Estate.
Lot #17 in Deer Creek Estates is 1.03 Acres. Nice buildable lot in country subdivision, located close to Skare Park. Private well needed and septic required. Covenants are on file at Lori Patterson Real Estate.
Located on 1/2 acre. Built in 1995 by Phalen Steel, this block & brick building has 1,620 sq. ft. that includes two drive-thru bays, 3 phase power, and RMU utilities. 21 car per day average with $70 per ticket average. Business and real estate included. All financials available upon signing of nondisclosurer agreement.
2 Story, 2 bedroom home situated on a beautiful spacious corner lot with mature trees. Located close to schools and historic downtown Rochelle making this home located in the perfect area. Relax on the enclosed front porch or picnic in the fenced in baack yard.
Great place to build a home! Small community. Affordable lot. Close to schools, parks and interstate roads.
Welcome to the heart of Rochelle's bustling downtown district, where business meets convenience and opportunity! This stunning office space is now available for sale, offering you 2,800 square feet of premium commercial real estate. This property is perfectly positioned for your next business venture Size: 2,800 sqft Prime Downtown Location Versatile Floor Plan Ample Natural Light Well-Maintained Building within Walking Distance to Shops and Dining. Ideal for Various Businesses Interior Features This office space boasts a versatile floor plan, making it suitable for a wide range of businesses and setups. The interior is flooded with natural light, creating a comfortable and productive work environment for you and your team. With well-maintained features, this property is ready to accommodate your business needs.
This formerly was a state-of-the-art Seed Research center, with 2 large greenhouses that have updated automatic shutters and heaters for year-round growing. The office complex features 12 offices and 3 labs on the first floor, and in the lower level there are offices, large storage areas, seed vaults (With filtration and cooling), furnace room and more. Fire protection is with City water fire suppression sprinkler system (Updated). All electric has been updated. This property also includes a 45ft x 30ft cold storage pole barn. The building is all brick and has been impeccably maintained. Internet hookups, security system and newer furnaces in the office portion. The property includes 2 Greenhouses approx. 1600 sq ft each, complete with heat and water. Attached to the greenhouse is a 1600 sq ft climate-controlled room. This property lends itself to many possibilities. Take a look today at your next venture..
Industrial property conveniently located on Wiscold Drive. This area has an 80,000 pound industrial road, all city utilities, and convenient access to I-88 and I-39. Owner occupied.
Commercial building with many possibilities. Office spaces with heat and A/C. One used as reception area, others as private offices. 2 half baths. 40 x 54 heated shop with 5 dock doors featuring heavy duty Commercial doors with a semi approach. Possible 12 inside parking spaces. Has added overhead storage. Inside 90% new paint. Small encroachment on railroad 903.00 goes up 3% per year. Extra 124 x 82 fenced-in lot with plenty of room for parking or other oppuntunties. A great place to start or expand your business.Used for a warehouse and business for many years. Located close to interstate roads. Call for a private showing.
Located on 1.43 acres. This 7,200 sq. ft. steel building has fully insulated walls & ceiling. There are six overhead doors with openers, two drive thru bays, three workstations, mezzanine storage, waiting room, and breakroom and bathroom off of shop. The showroom has 2 private offices & 2 bathrooms.
Adorable all brick home that has been extremally well cared for. It features 2 bedrooms and 1 full bath on the first floor. In the basement, there is an additional bath with shower (Has not been used) that is as is. Large 3 plus car garage with new garage doors. Huge living room with a large entry complete with bay window and seating. Current zoning is Office/Residential.
New listing in Hickory Ridge Subdivision. This 1.55 acre lot offers a perfect location with it sitting close to the end of a cul-de-sac for low traffic. Use your builder as this lot is not builder restrictive. Located close to parks and schools just on the outskirts of Rochelle. Natural Gas and Electric at the lot line. Call today to schedule your showing of this sweet offering in Rochelle.
New listing in Hickory Ridge Subdivision. This 1.55 acre lot offers a perfect location with it sitting close to the end of a cul-de-sac for low traffic. Use your builder as this lot is not builder restrictive. Located close to parks and schools just on the outskirts of Rochelle. Natural Gas and Electric at the lot line. Call today to schedule your showing of this sweet offering in Rochelle.
$19,900 per acre, 169.77 total acres, 166 +/- tillable acres. High quality farm with future development potential. Farm is contiguous to the business friendly town of Rochelle with visibility on I-39 & I-88. "A' quality farm with a 45 x 70 Morton Style Shed.
Corner lot! Location has great potential! Near gas/convenience store and local golf course! Buyer to verify all survey info.
Great development potential with this property being located across the street from Walmart, and is also in the enterprise zone. This 10.5 acres could be purchased along with the adjacent 30+ acres for the larger development, making enough room for a project limited only by your imagination. Contact the listing agent for full details.
Great Development Potential, being located in the Opportunity Zone, and potential TIF Opportunities.
Build your dream home in this great country subdivision.
Just west of the intersection at Highway 251 & Flagg Road. Highly visible with plenty of frontage on Flagg Road, this lot has good business potential. Located in the City of Rochelle, zoned Business 2. Water located on south side of road, sewer in subdivision to the west.
Lot is in Floodway
Income producing medical office building with tenant in place! Located in rapidly growing retail/business area minutes from IL 38/39 exchange. Current tenant would like to continue with 2-3 year lease with option to extend. Updated Shared breakroom, private and public bathrooms. Large exam rooms each with sink/counterspace, office rooms. Great investment opportunity!
The median home value in Rochelle, IL is $202,700. This is higher than the county median home value of $123,500. The national median home value is $219,700. The average price of homes sold in Rochelle, IL is $202,700. Approximately 52.69% of Rochelle homes are owned, compared to 37.71% rented, while 9.59% are vacant. Rochelle real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Rochelle real estate agent to arrange a tour today!
Rochelle, Illinois has a population of 9,293. Rochelle is more family-centric than the surrounding county with 35.8% of the households containing married families with children. The county average for households married with children is 30.19%.
The median household income in Rochelle, Illinois is $47,088. The median household income for the surrounding county is $57,655 compared to the national median of $57,652. The median age of people living in Rochelle is 35.7 years.
The average high temperature in July is 83.9 degrees, with an average low temperature in January of 12.5 degrees. The average rainfall is approximately 37.1 inches per year, with 30.5 inches of snow per year.