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    The Largest CRE Database in the US with Over 1 Million Listings

    Leah Erickson, Plattville, IL

    License ID: 475204597
    Years of Experience
    1

    Service Locations

    Contact details

    Phone:
    (815) 553-2411
    Office Address:
    320 Water Stone Way, Joliet, IL 60431

    Property Types

    • Commercial Lease
    • Commercial Sale
    • Land

    Performance

    Listings
    37
    Total transactions
    3
    Total transactions amount
    $540k
    Price range
    $120k - 270k
    Average price
    $180k

    Listings

    For Sale (26)

    View map
    • $148,000
      2.67 Acres

      Marseilles Land: Dream Home Canvas

      2.67 acres near I-80, perfect for single-family haven.
      02950 E 24Th Rd, Marseilles, IL 61341
      View Details
    • $1,515,000
      32.96 Acres

      32.96 Acres Near I-80

      32.96 acres near I-80 in Marseilles, Illinois.
      02300 N 30Th Rd, Marseilles, IL 61341
      View Details
    • $95,000
      0.97 Acres

      Established Custard & Bubble Tea Business

      Profitable custard and bubble tea business for sale in Aurora.
      848 N Route 59, Aurora, IL 60504
      View Details
    • $490,000
      3,700 SF

      Turnkey Pizzeria & Apartments in Mendota

      Mixed-use property with restaurant and apartments in historic downtown.
      801 6Th St, Mendota, IL 61342
      View Details
    • $2,350,000
      2.83 Acres

      Former Big Lots Store Available

      Excellent opportunity in a busy shopping district near I-80.
      1407 38Th St, Peru, IL 61354
      View Details
    • $300,000

      Established Restaurant Business for Sale

      Turnkey restaurant with catering brands and loyal customer base.
      19901 Wolf Rd, Mokena, IL 60448
      View Details
    • $795,000
      11.16 Acres

      Riverfront Land with Barge Access

      Prime riverfront property with barge tie-offs and commercial potential.
      Riv Bank, Spring Valley, IL 61362
      View Details
    • $75,000
      1.00 Acre

      Commercial Land in Peru, IL

      Accessible commercial land for sale in Peru, Illinois.
      018 Unytite Dr, Peru, IL 61354
      View Details
    • $75,000
      1.00 Acre

      Commercial Land in Peru, IL

      High visibility commercial land available in Peru, Illinois.
      010 Unytite Dr, Peru, IL 61354
      View Details
    • $75,000
      1.00 Acre

      Commercial Lots in Peru, IL

      Four commercial lots available in Peru's industrial area.
      016 Unytite Dr, Peru, IL 61354
      View Details
    • $75,000
      1.33 Acres

      Commercial Lots in Peru, IL

      Four accessible commercial lots available in Peru's industrial area.
      012 Unytite Dr, Peru, IL 61354
      View Details
    • $279,000
      0.14 Acres

      Renovated Restaurant and Bar in Oglesby

      Fully renovated restaurant and bar in the heart of Oglesby.
      139 E Walnut St, Oglesby, IL 61348
      View Details
    • $286,000
      0.43 Acres

      Prime Land in Growing Corridor

      Land suitable for retail, services, or mixed-use development.
      331 Plaza Cir, Mundelein, IL 60060
      View Details
    • $1,280,000
      1.43 Acres

      Sugar Grove Industrial Investment Opportunity

      10,000 sq ft warehouse with long-term tenant.
      1981 Bucktail Ln, Sugar Grove, IL 60554
      View Details
    • $75,000
      1.00 Acre

      Prime Peru Commercial Land

      Four lots, 1-4.33 acres, B-4 zoning.
      0 Unytite Dr, Peru, IL 61354
      View Details
    • $795,000
      11.16 Acres

      Illinois Riverfront Land Investment

      11 Acres, River Access, Barge Parking
      0 Riv Bank Spg Vly, Spring Valley, IL 61362
      View Details
    • $75,000
      1.00 Acre

      Prime Peru Commercial Land

      High-visibility lot, B-4 zoning, $75,000
      0 Unytite Dr, Peru, IL 61354
      View Details
    • $75,000
      1.00 Acre

      Prime Peru Commercial Land

      High-visibility lot, B-4 zoning, $75,000
      0 Unytite Dr, Peru, IL 61354
      View Details
    • $75,000
      1.00 Acre

      Prime Peru Commercial Land

      High-visibility lot, B-4 zoning, $75,000
      0 Unytite Dr, Peru, IL 61354
      View Details
    • $1,515,000
      32.96 Acres

      I-80 Marseilles Commercial Land

      32 Acres, City Utilities, Prime Location
      0 30Th Rd, Marseilles, IL 61341
      View Details
    • Contact for pricing
      12,215 SF

      2900 sf of treatment\/exercise space

      3 reception offices
      310 Walnut St, Peru, IL 61354
      View Details
    • $75,000
      1.33 Acres

      Prime Peru Commercial Lots

      Four lots, high visibility, ideal location
      12 Unytite Dr, Peru, IL 61354
      View Details
    • $75,000
      1.00 Acre

      Peru Industrial Lots: Prime Location

      Four lots, high visibility, highway access
      18 Unytite Dr, Peru, IL 61354
      View Details
    • $75,000
      1.00 Acre

      Peru Industrial Lots - Prime Location

      Four High-Visibility Lots, Excellent Access
      16 Unytite Dr, Peru, IL 61354
      View Details
    • $2,240,000
      58 SF

      Turnkey Reindeer Ranch and Venue

      Established agritourism destination with banquet hall, gift shop, and farmhouse.
      1356 County Road 2900 North Rantoul, Rantoul, IL 61866
      View Details
    • $2,500,000
      22 SF

      Frankfort Multi-Use Estate on 22 Acres

      Versatile 22-acre estate with four buildings and development potential.
      22660 S Harlem Ave, Frankfort, IL 60423
      View Details

    For Lease (11)

    View map
    • Contact for pricing

      Evanston Office Space For Rent

      Second story office space in the Hill Art District.
      1601 Simpson St, Evanston, IL 60201
      View Details
    • Contact for pricing
      2,178 SF

      Oak Park Prime Office Space

      Versatile office space with spacious basement in a sought-after location.
      193 N Marion St, Oak Park, IL 60301
      View Details
    • Contact for pricing

      Prime Retail Space on Rand

      Retail space with high visibility and drive-thru potential.
      890 S Rand Rd, Lake Zurich, IL 60047
      View Details
    • $16 SF/Yr
      9,680 SF

      Lake Zurich Retail Space Available

      High-traffic retail space, 1,600 sq ft
      890 Rand Rd, Lake Zurich, IL 60047
      View Details
    • $36 SF/Yr
      6,596 SF

      Downtown Creative Office Space

      Historic building, modern office, 2,600 sq ft available.
      193 Marion St, Oak Park, IL 60301
      View Details
    • Contact for pricing
      1,600 SF

      Lake Zurich Retail Space

      Retail space available in Lake Zurich, 1,600 square feet.
      890 S Rand Rd, Lake Zurich, IL
      View Details
    • $13 SF/Yr
      775 SF

      Oglesby Office Space For Lease

      Office space available for lease in Oglesby, Illinois.
      345 N Lewis Ave, Oglesby, IL 61348
      View Details
    • $15 SF/Yr
      6,250 SF

      Available Office Space For Lease

      Office space available for lease with negotiable terms.
      300 Walnut St, Peru, IL 61354
      View Details
    • $35 SF/Yr
      2,500 SF

      Prime Retail Space in Peru

      Customizable retail space with high traffic and drive-through potential.
      4141 Venture Dr, Peru, IL 61354
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office space available for rent in Lake Zurich, Illinois.
      203 S Rand Rd, Lake Zurich, IL 60047
      View Details
    • $14 SF/Yr

      Retail Space on Rand Road

      Prime retail location with high visibility and drive-thru potential.
      890 S Rand Rd, Lake Zurich, IL 60047
      View Details

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    Leah Erickson, Plattville, IL
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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.

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    Leah Erickson, Plattville, IL
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