$475,000
MLS #: 30258132
Property Photo
9,450 Sq Ft

Description of 102 S Galena Ave, Dixon, IL 61021

CBRE is pleased to present for sale the former Fifth Third Bank building at 102 South Galena Avenue in Dixon, IL at $475,000. The building is a 9,540 SF (excluding lower level) freestanding bank branch, constructed in 1925 and situated on a 0.49-acre site. This well-maintained, modernized facility features a two-story structure, with fully finished lower level, as well as a two-story parking garage with 35 parking spaces on the upper deck and covered drive-thru, ATM lanes, and parking on the first floor. Located in the heart of downtown Dixon, IL., on the main through fare of Galena Ave. (IL routes 52 and 26), the building enjoys easy accessibility, high visibility and readily available parking with a 3.7 spaces per 1,000 SF ratio. The building has been professionally maintained and offers many unique architectural components.Tenancy: Approximately 880 SF tenant, Hughes Services, Inc., d/b/a Hughes Resources, is occupying a portion of the 2nd floor. They have extended their lease for an additional two years beginning May 1, 2018 at a $1,000 per month gross rental rate. The lease contains a right for the Landlord to terminate it. Hughes Services is an employment agency with offices in Freeport, Dixon and Monroe.Community: Dixon is a thriving community of 16,000 located along the scenic Rock River in northern Illinois. Dixon serves as the county seat for Lee County and, being at the hub of four major highways and just off I-88, Dixon is the economic center of the county and an important focus for agriculture, industry, service, retail, recreation and residential growth.Employers: Dixon is a regional employment hub and is part of two fast growing distribution and warehousing and food processing districts: one is I-88 West and the other, the I-39 Logistics Corridor. The biggest industries are healthcare and government. Healthcare employs over 1,700, while government jobs approach 1,500. The Dixon Correctional Center employs over 600 workers, as does the Department of Transportation. KSB Hospital has nearly 1,000 employees. Dixon has many industries employing thousands of the region’s residents. The largest are Raynor Garage Doors, Donaldson Inc., Borg Warner, and Spectrum Brands. Fifteen miles away in Ashton, Crest Foods employees over 600.

Property Features of 102 S Galena Ave, Dixon, IL 61021

TYPE
Office Building, Other
Stories
0
Features
Lot acreage is: 0.49 SF
Total square feet: 9,450 SF
For sale
Courtesy of: CBRE, INC.

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