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Taco Bell Strip Center 1221 N Caron Rd 10,500 SF 90% Leased Retail Building Rochelle, IL 61068 $3,518,787 CAD ($335.12 CAD/SF) 8.50% Cap Rate

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Investment Highlights

  • 90% Leased to Five Tenants, Complimentary and Diverse Tenant Mix
  • 2013 Block/Brick Construction with a Drive-Thru
  • Average Household Income Exceeds $90,000 in Primary Trade Area
  • Taco Bell, Verizon, and Midwest Dental Accounts for 44% of the GLA
  • Serving Over 51,000 Residents in Ogle County, 25 Miles South of Rockford, 80 Miles East of Chicago

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
10,500 SF
Building Class
C
Year Built
2013
Price
$3,518,787 CAD
Price Per SF
$335.12 CAD
Cap Rate
8.50%
NOI
$299,106 CAD
Percent Leased
90%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
1.27 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
58 Spaces (5.52 Spaces per 1,000 SF Leased)
Frontage
566’ on N Caron Rd

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1227
  • 1,050 SF
  • Retail
  • In-Line
  • Now

Position your business in a thriving retail hub at 1221–1231 N Caron Road, Rochelle, IL. This modern strip center, constructed in 2013, offers a prime 1,050 SF suite within a 10,500 SF property strategically located along Route 251 and Route 38, with traffic counts exceeding 11,600 VPD and 8,150 VPD respectively. The site benefits from exceptional regional connectivity, just 1.8 miles from the I-39 full interchange and 3.2 miles from I-88, ensuring convenient access for customers throughout the Rochelle area and beyond. Shadow anchored by Walmart, the center enjoys strong foot traffic and a dynamic tenant mix that includes Taco Bell, Midwest Dental, Verizon, Rosati’s Pizza, and Rochelle Tobacco & Vape. This synergy creates a built-in customer base and positions your business alongside nationally recognized brands. Ample parking with 58 spaces enhances accessibility, while the property’s proximity to key community landmarks—such as Rochelle Community Hospital, Rochelle Township High School, and Fairways Golf Course—further drives consumer engagement. The surrounding trade area boasts robust demographics, with an average household income exceeding $83,000 and a population of nearly 14,000 within a five-mile radius. Daytime population figures reinforce the opportunity for consistent patronage from local residents and employees. Whether you’re expanding an established brand or launching a new concept, this location offers the visibility, convenience, and co-tenancy needed to thrive in a competitive retail market.

Space Size Space Use Position Available
1227 1,050 SF Retail In-Line Now

1227

Size
1,050 SF
Space Use
Retail
Position
In-Line
Available
Now

1227

Size 1,050 SF
Space Use Retail
Position In-Line
Available Now

Position your business in a thriving retail hub at 1221–1231 N Caron Road, Rochelle, IL. This modern strip center, constructed in 2013, offers a prime 1,050 SF suite within a 10,500 SF property strategically located along Route 251 and Route 38, with traffic counts exceeding 11,600 VPD and 8,150 VPD respectively. The site benefits from exceptional regional connectivity, just 1.8 miles from the I-39 full interchange and 3.2 miles from I-88, ensuring convenient access for customers throughout the Rochelle area and beyond. Shadow anchored by Walmart, the center enjoys strong foot traffic and a dynamic tenant mix that includes Taco Bell, Midwest Dental, Verizon, Rosati’s Pizza, and Rochelle Tobacco & Vape. This synergy creates a built-in customer base and positions your business alongside nationally recognized brands. Ample parking with 58 spaces enhances accessibility, while the property’s proximity to key community landmarks—such as Rochelle Community Hospital, Rochelle Township High School, and Fairways Golf Course—further drives consumer engagement. The surrounding trade area boasts robust demographics, with an average household income exceeding $83,000 and a population of nearly 14,000 within a five-mile radius. Daytime population figures reinforce the opportunity for consistent patronage from local residents and employees. Whether you’re expanding an established brand or launching a new concept, this location offers the visibility, convenience, and co-tenancy needed to thrive in a competitive retail market.

Nearby Major Retailers

Anytime Fitness
Rent-A-Center
Starbucks

Property Taxes

Property Taxes

Parcel Number
25-18-376-002
Land Assessment
$200,147 CAD
Improvements Assessment
$1,183,172 CAD
Total Assessment
$1,383,319 CAD
  • Listing ID: 39688377

  • Date on Market: 2026-03-06

  • Last Updated:

  • Address: 1221 N Caron Rd, Rochelle, IL 61068

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