Listing provided courtesy of Weichert REALTORS Signature ProfessionalsMREDas Distributed by MLSGrid- MLS# 12664456MLS Provider

407 Lincoln HighwayRochelle, IL 61068

Commercial · 6,820 Sq. ft.
$545,000 Active

407 Lincoln Highway Overview

Time on Site:
22 days
Visits:
0

A rare opportunity to own a truly one-of-a-kind historic mixed-use property where timeless character meets modern convenience. The original front portion of the building was constructed in 1863, with an addition completed in 1903. Encompassing 6,820 square feet, this remarkable property has been meticulously restored and transformed by its current owners into a true labor of love. From 2019 to 2021, the building underwent an extensive renovation from the ground up. While preserving the original brick walls, stunning tin ceilings, and historic charm, nearly every interior component was replaced or upgraded, including windows, electrical, plumbing, fixtures, flooring, and mechanical systems. The result is a beautiful blend of old-world craftsmanship and modern functionality. The property has been operating as four businesses under one roof, the possibilities for this property are endless. The main level features a charming retail boutique and an exceptional gourmet farm-to-table restaurant. The lower level is home to the Scalehouse Lounge, a unique speakeasy-inspired space showcasing a custom bar crafted from a vintage grain bin. Behind the bar sits the historic Hub Printing scale from the company that printed the first issue of Playboy magazine-ingeniously repurposed as a liquor display and unforgettable conversation piece. Additional lower-level amenities include heated floors, heated exterior entry steps, antique light fixtures, a gaming room, and two restrooms. An elevator provides convenient access between levels, assisting with restaurant operations while also enhancing accessibility throughout the building. The upper level features two beautifully appointed Airbnb suites, each offering a full kitchen and private bath. Additional improvements include a full-building sprinkler system and comprehensive security system, providing peace of mind for owners and guests alike. Whether you're looking for a restaurant and hospitality venture, an income-producing investment property, a destination business, or a unique mixed-use opportunity, this turnkey property is ready for its next chapter. Rich in history, thoughtfully renovated, and impossible to replicate, this extraordinary building is truly a hidden gem waiting for its next owner to bring their vision to life.

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407 Lincoln Highway Facts & Features

  • Type Commercial
  • Sq. ft. 6,820
  • Price/Sq.ft. $80

Details

General

Income/Expenses

  • Operating Expense: 0

Business Information

  • Business Type: Bed & Breakfast,Arts and Entertainment,Bar/Tavern/Lounge,Food & Beverage,Restaurant,Liquor Store,Retail,Other
  • Current Use: Commercial

Location/Region

  • County Or Parish: Ogle
  • MLS Area Major: Flagg Center / Hillcrest / Kings / Rochelle

Tax Information

  • Tax Annual Amount: $8,283.10
  • Tax Year: 2025

General Information

  • Parcel Number: 24243400060000
  • Possible Use: Commercial,Liquor License,Retail,Special Use,Other
  • Property Type: Business Opportunity
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 6820

General Information

  • Cooling: Central Air
  • Electric: 220 Volts
  • Stories: 3

Unit Information

  • Unit SqFt.: 6820

Exterior

Lot Information

  • Additional Parcels: Yes
  • Frontage Type: City Street,Alley Access,Paved
  • Lot Size Dimensions: 123.75X22
  • Lot Size Square Feet: 2722
  • Water Source: Municipal Water

Building Exterior/Construction

  • Construction Materials: Brick

407 Lincoln Highway Neighborhood

Community

61068 (Rochelle) Demographics

38
Median Age
121
Population Density (per sq. mile)
29%
College Educated
$55,829
Estimated Median Income
3,431
Estimated Total Home Owners
2,363
Estimated Total Renters
59% / 41%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

407 Lincoln Highway Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

407 Lincoln Highway Market Data

Based on the last 30 days in this zip code

$289,626
Average List Price
$164
Average Price per Square Foot
8
Properties Sold
77
Average Days on Market
29
Properties for Sale
Calculations provided by Reliance Network

407 Lincoln Highway History

Date Event Value Agent
6/12/2026Source: MRED Status Change
Active
6/7/2026Source: MRED Added to Database
June 07, 2026