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    For Sale (24)

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    Residential Land in Gridley, IL
    $30,000
    0.32 Acres

    Residential Land in Gridley, IL

    Residential land available in Gridley, Illinois.

    204 E 9Th St, Gridley, IL 61744
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    Residential Land in Gridley, IL
    $30,000
    0.32 Acres

    Residential Land in Gridley, IL

    Residential land available in Gridley, Illinois.

    206 E 9Th St, Gridley, IL 61744
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    Residential Land in Gridley, IL
    $30,000
    0.32 Acres

    Residential Land in Gridley, IL

    Residential land available in Gridley, Illinois.

    208 E 9Th St, Gridley, IL 61744
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    Residential Land in Gridley, IL
    $31,000
    0.38 Acres

    Residential Land in Gridley, IL

    Residential land available in Gridley, Illinois.

    209 E 9Th St, Gridley, IL 61744
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    Residential Land in Gridley, IL
    $30,000
    0.33 Acres

    Residential Land in Gridley, IL

    Residential land available in Gridley, Illinois.

    207 E 9Th St, Gridley, IL 61744
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    Residential Land in Gridley, IL
    $30,000
    0.33 Acres

    Residential Land in Gridley, IL

    Residential land available in Gridley, Illinois.

    205 E 9Th St, Gridley, IL 61744
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    Residential Land in Gridley, IL
    $31,000
    0.32 Acres

    Residential Land in Gridley, IL

    Residential land available in Gridley, Illinois.

    903 Miller Ln, Gridley, IL 61744
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    Commercial Building Near Four Seasons
    $419,000
    0.36 Acres

    Commercial Building Near Four Seasons

    One-story brick building with open plan and newer features.

    806 Four Seasons Rd, Bloomington, IL 61704
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    Commercial Property in Gridley, IL
    $375,000
    0.26 Acres

    Commercial Property in Gridley, IL

    Commercial property for sale in Gridley, Illinois.

    502 Eastern Dr, Gridley, IL 61744
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    Lincoln, IL Commercial Building
    $4,250,000
    247,000 SF

    Lincoln, IL Commercial Building

    247,000 sq ft building with docks and drive-ins.

    1119 N Kickapoo St, Lincoln, IL 62656
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    Commercial Lot in Growing Community
    $76,250
    0.70 Acres

    Commercial Lot in Growing Community

    Commercial lot in LeRoy, IL, near Interstate 74.

    000 Sunset Dr, Le Roy, IL 61752
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    Residential Lot in Heyworth, Illinois
    $45,000
    0.43 Acres

    Residential Lot in Heyworth, Illinois

    Almost half-acre lot for building a dream home.

    704 Russell Ct, Heyworth, IL 61745
    View details
    Mixed-Use Property in Downtown Roanoke
    $179,900

    Mixed-Use Property in Downtown Roanoke

    Unique mixed-use property with storefront, office, and living space.

    320 N Main St, Roanoke, IL 61561
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    Normal, IL Multi-Family Land
    $200,000
    1.13 Acres

    Normal, IL Multi-Family Land

    Multi-family land in North Normal location.

    SE Cor Of Linden & Northtown Rd, Normal, IL 61761
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    Bloomington Land with Business Potential
    Contact for pricing

    Bloomington Land with Business Potential

    Land suitable for single-family, duplex, or business use.

    1102 W Front St, Bloomington, IL 61701
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    M-1 Zoned Land in Normal
    $385,000
    9.14 Acres

    M-1 Zoned Land in Normal

    9+ acre M-1 zoned land suitable for various uses.

    Emeline St, Normal, IL 61761
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    Commercial Lot in Growing Community
    $121,968
    0.70 Acres

    Commercial Lot in Growing Community

    Commercial lot available in LeRoy, IL, near Interstate 74.

    000 Sunset Dr, Le Roy, IL 61752
    View details
    Commercial Lot in Growing Community
    $100,200
    1.12 Acres

    Commercial Lot in Growing Community

    50,100 sq. ft. commercial lot in LeRoy, Illinois.

    000 Sunset Dr, Le Roy, IL 61752
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    Commercial Lot in Growing Community
    $127,200
    1.46 Acres

    Commercial Lot in Growing Community

    Commercial lot in LeRoy, IL, near Interstate 74.

    000 Sunset Dr, Le Roy, IL 61752
    View details
    247,000 SF Building in Lincoln
    Contact for pricing
    247,000 SF

    247,000 SF Building in Lincoln

    Well-maintained 247,000 SF building with docks and drive-ins.

    1119 N Kickapoo St, Lincoln, IL 62656
    View details
    Bloomington Industrial Facility - 253,000 SF
    $8,250,000
    253,000 SF

    Bloomington Industrial Facility - 253,000 SF

    Large Industrial Building, Prime Location, Lease/Purchase Options

    1100 Bell St, Bloomington, IL 61701
    View details
    Medical Office Condo For Sale
    Contact for pricing

    Medical Office Condo For Sale

    End-unit medical office condo with flexible layout and ample parking.

    2200 Fort Jesse Rd E, Normal, IL 61761
    View details
    M-1 Zoned Land Parcels
    $385,000

    M-1 Zoned Land Parcels

    9+ acres of M-1 zoned land for sale.

    8 Emeline St, Normal, IL 61761
    View details
    Land For Sale in Gridley
    $31,000

    Land For Sale in Gridley

    Land available in Gridley, Illinois.

    209 E 9Th St, Gridley, IL 61744
    View details

    For Lease (2)

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    Professional Office Building For Rent
    Contact for pricing

    Professional Office Building For Rent

    All brick professional building close to amenities in Bloomington, IL.

    2203 Eastland Ste 7 Dr, Bloomington, IL 61704
    View details
    Office Space in Bloomington, IL
    Contact for pricing

    Office Space in Bloomington, IL

    Office space available for rent near established business park.

    2201 Eastland Dr, Bloomington, IL 61704
    View details

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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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