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    00 Taake Rd Columbia, IL 62236

    Sponsored
    For Sale
    $182,000

    Farm/Estate - Columbia, IL

    Type:Farm
    Lot size:
    450.00 Acres
    Days on Market:
    10
    Last Refresh:
    Jan 21 at 7:06 pm

    Property Features for 00 Taake Rd

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Parking features
    Garage
    Lot size
    450.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Brad Schaller

    Schaller Auction Service (618) 236-9400

    Listing agent Brad Schaller (618) 476-1864

    Listing date Jan 12, 2026

    MLS# 11630194 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Farmland Auction with Grain Storage

    This property, located in Columbia, IL, consists of 450 acres and is offered at auction. The auction will be held at Tuner Hall, Columbia, IL. The property is divided into three tracts. Tract 1 includes 181 acres of farmland with 120,000 bushels of grain storage, a grain leg, and a super B grain dryer. A modern pole barn measuring 60'x160' with 16' clearance is also located on this tract, featuring two 30' doors and one 36' door. The land is mostly tillable, presenting an opportunity to expand or start farm operations. Tract 2 consists of approximately 174 acres, with approximately 150 acres being tillable. It features an inner levee of approximately 32' on the river side and an irrigation setup with a pivot serving approximately 140 acres. The soils are conducive to producing excellent yields. Tract 3 includes approximately 91 acres, with approximately 40 acres of tillable ground and an inner levee of approximately 32' on the river side. A survey will be completed by closing to determine final acreage. The land will be offered at auction with a per-acre price, including the improvements on each tract.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Wholesale Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Monroe
    State
    Illinois
    Longitude
    -90.285882
    Latitude
    38.418457

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    FAQs

    What type of property is this?
    Farm - 450-acre farm with grain storage, offered at auction.
    Where is this farm located?
    The property is located at 00 Taake Rd Columbia, IL.
    What is the asking price?
    The asking price for this property is $182,000.
    What are key features of this property?
    This property features: - 450 +/- acres of land offered in 3 tracts via live and online auction.; - **Tract 1: 181 +/- acres with 120,000 +/- bushels of grain storage, grain leg, super B grain dryer, and a 60'x160' pole barn.**; - Tract 2: 174 +/- acres with approximately 150 tillable acres, inner levee, and irrigation pivot serving approximately 140 acres.
    (618) 476-1864
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    00 Taake Rd Columbia, IL 62236
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    Columbia, IL 62236
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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
    00 Taake Rd Columbia, IL 62236
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    Listing Contact
    Brad Schaller
    (618) 476-1864
    Learn more
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