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601 Gale Street Oregon, IL 61061 Commercial - Business Active

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Description

Prime Commercial Opportunity in the Heart of Oregon! Positioned on a highly visible corner lot along a heavily traveled roadway, this 3.8-acre MOL property offers unmatched exposure and endless potential for a wide variety of commercial ventures. This nearly 20,000 square foot building formerly operated as a car dealership. This location has long been recognized as a destination business site within the community, making it an incredible opportunity for an entrepreneur or investor looking to establish a strong presence in a thriving area. The versatile layout features multiple office spaces, a spacious service area with impressive ceiling height, ample storage throughout, a break room, and his-and-hers restrooms. Outside, the expansive parking lot provides abundant parking and easy access for customers, employees, or fleet vehicles. Whether you're envisioning an automotive business, retail showroom, contractor headquarters, warehouse/distribution center, recreational facility, or another innovative concept, the possibilities here are truly endless. Adding even more value, the City of Oregon is eager to work with a future owner and may offer incentives to help bring new business and development to the area. Commercial properties with this combination of location, acreage, visibility, functionality, and future potential are an increasingly rare find. Don't miss the chance to transform this iconic property into Oregon's next successful business venture!

Property Highlights

Property Type: Commercial - Business
Building Description: 1.0 stories
Year Built: 2015
Lot Size: 3.84 acres

General Information

County: Ogle
Listed By:
RE/MAX of Rock Valley 815-732-9100
MRED MLS
$1,195,000
Est. $7,976/mo
Active
SQUARE FEET19,710 MLS#12654001
STATUSActive PROPERTY TYPECommercial - Business

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601 Gale Street, Oregon, IL 61061.

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Loan Type FHA 30 Year FixedVA 30 year fixed30 yr Jumbo
Purchase Price $1,195,000$1,195,000$1,195,000
Down Payment $41,825$0$239,000
Monthly Mortgage Amount $7,129$7,516$5,964
Taxes $1663$1663$1663
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $717$0$0
Monthly Estimated Total $9,858$9,528$7,976

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