407 Lincoln Highway
Rochelle, IL, 61068 $ 545,000
Bedrooms-- Baths-- Sq 6,820 Monthly Estimate*
$ 3,356
for $545,000. This 6,820 square foot building was built on a lot size of 0.062489.
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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Commercial ActiveBed & Breakfast,Arts and Entertainment,Bar/Tavern
FeaturesGeneralCooling Central Air
Possession Closing
Zoning COMMR
Construction Materials Brick
Electric 220 Volts
Stories Count 3
Tax Year 2025
Current Use Commercial
Business Type Bed & Breakfast Arts and Entertainment Bar/Tavern/Lounge Food & Beverage Restaurant Liquor Store Retail Other
Additional Parcels Description 24243400070000
County Ogle
Operating Expense 0
Property Type Business Opportunity Bus / Bus w/Real Est
Possible Use Commercial Liquor License Retail Special Use Other
Status New
Directions Rt 38 Left on Lincoln Hwy to Property.
City Rochelle
MLS Area Flagg Center / Hillcrest / Kings / Rochelle
Lot Size Square Feet 2722
Tax Annual Amount 8283.1
Additional Parcels Y/N Y
Standard Status Active
Ownership Type LLC
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ExteriorWater Source Municipal Water
Building Area Total 6820
Lot Dimensions 123.75X22
Frontage Type City Street Alley Access Paved
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* Excluded FeaturesList ByRochelle - Weichert, Realtors® - Signature ProfessionalsBroker
Affordability Calculator
- Monthly Principal & Interest
- $3,356
- Monthly Property Taxes
- $690
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Rochelle, IL
Average List Price $562,150
Percent of Sale Price 3%
About Rochelle, IL 9,785 Population
0% Since 2002
$ 46,667 Median Income
37.04 Median Age
33% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/7/2026 | $545,000 | | Listed Price |