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$1,195,000 Just Listed
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Property 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!
Full Property Details
Full Property Details for 601 Gale St
General
- Price: $1,195,000
- Taxes: $23,919 (2025)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12654001
- Updated: 5/21/2026
- Added to Site: 2 day(s) ago
Additional Information
- Security/Safety: Alarm on Site
Location
- Area: Oregon
- County: Ogle
- Township: Nashua
- Driving Directions: From the South, IL RT 2 turns into Gale St in Oregon. From the North IL RT 2 changes to South 4th St, that changes to Gale St.
- Location Details: Out of Area
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Building Heat, Radiators
Structural Information
- Foundation: Concrete Perimeter
- Stories/Levels: 1
- Square Feet: 19,710
- Current Bldg. Use: Commercial, Automotive
- Year Built: 2015
Lot Features
- Lot Size (Acres): 3.84
- Lot Size (Sq. Ft.): 167,000
- Lot Dimensions: 0 x 0
- Frontage: City Street, Public Road
- Potential Use: Commercial
- Zoning: COMMR
Financial Considerations
- Security Deposit: Alarm On Site
- Assessment Year: 2015
- Tax Amount: $23,919.62
- Tax Year: 2025
Disclosures and Reports
- Property ID: 16033550020000
Listed by RE/MAX of Rock Valley
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Schools
Schools serving 601 Gale St
School District:Oregon Community Unit School District 220
| Name | Grades | Distance |
|---|---|---|
Oregon Elementary School 1150 Jefferson Street, Oregon, IL 61061 | PK-6 | 0.7 mi |
Oregon High School, Oregon, IL 210 South 10th Street, Oregon, IL 61061 | 9-12 | 0.6 mi |
David L Rahn Junior High School 105 West Brayton Road, Mount Morris, IL 61054 | 7-8 | 5.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 601 Gale St
Date
Details
Price
Change
Source
5/20/2026
Listed
$1,195,000
64.83%
MLS
4/30/2015
Sold
$725,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 601 Gale St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$18,591
4%
$191,683
7%
2024
$17,952
12%
$178,725
11%
2023
$15,988
11%
$160,400
16%
2021
$14,441
-6%
$138,531
-7%
2022
$15,308
10%
$148,464
12%
2020
$13,977
1%
$132,388
1%
2019
$13,836
5%
$131,729
5%
2018
$13,144
—
$126,056
—
2017
$13,090
5%
$126,056
4%
2016
$12,520
-3%
$121,640
-3%
2015
$12,870
4%
$125,921
—
2014
$12,325
—
$125,921
-5%
2013
$12,379
—
$132,187
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 601 Gale St
601 Gale Street, Oregon, IL 61061 (MLS# 12654001) is a Commercial property. 601 Gale Street is currently listed for $1,195,000 and was received on May 20, 2026. Want to learn more about 601 Gale Street? Do you have questions about finding other Commercial real estate for sale in Oregon? You can browse all Oregon real estate or contact a Coldwell Banker agent to request more information.

