Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    120 Monroe Street Genoa, IL 60135

    View on Map
    Claim this Listing
    For Sale
    $120,000

    LAND - Genoa, IL

    Lot size:
    0.56 Acres
    Added:
    Aug 29, 2024
    Days on Market:
    610
    Last Refresh:
    Apr 30 at 4:06 am

    Property Features for 120 Monroe Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    COMMR
    Standard status
    Active
    APN
    0319452009
    Lot size
    0.56 Acres

    Taxes and HOA fees

    Tax Year
    2022
    Tax Annual Amount
    7534

    We can help!

    Listing Contact
    Tammy Engel

    Listing agent Tammy Engel License #471001769

    Listing office RE/MAX Classic 514 E. Main, Genoa, IL

    Listing date Aug 29, 2024

    MLS# 12151340 Listing URL

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Land in Genoa, IL

    This 0.56-acre property is located off the main road in Genoa, Illinois. Zoned commercial, it presents various possibilities for development. Chapter 5-19 of the City of Genoa Unified Development Ordinance zoning department provides information on currently available options.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Genoa
    County
    DeKalb
    State
    Illinois
    Longitude
    -88.694931
    Latitude
    42.098558

    Nearby Similar for Sale

    • $435,000

      Highway Frontage Commercial Property

      Commercial property with highway frontage and redevelopment potential.
      227 Sycamore Road, Genoa, IL 60135
      View Details
    • $435,000

      Highway Frontage Commercial Property

      Commercial property with highway frontage, redevelopment potential, and rental income.
      227 Sycamore Road, Genoa, IL 60135
      View Details
    • $125,000

      Charming Commercial Building Near Route 72

      Adorable commercial building ideal for various business uses.
      111 Monroe Street, Genoa, IL 60135
      View Details
    • $99,000

      Aero Lake Estates Land

      1+ acre lot in aviation community with runway access.
      21 Eagle Drive, Genoa, IL 60135
      View Details
    • $375,000

      Genoa Apartment Building For Sale

      Six-unit apartment building in growing Genoa community, great investment.
      105 S Sycamore Road, Genoa, IL 60135
      View Details
    • $399,000
      4,000 SF

      Refurbished Mixed-Use Property For Sale

      Fully rented commercial space and two residential apartments for sale.
      201 W Main Street, Genoa, IL 60135
      View Details
    • $63,800

      Residential Lot in Quiet Neighborhood

      One-acre lot ready for new home construction in Genoa, Illinois.
      S. Pine Circle lot: 48, Genoa, IL 60135
      View Details
    • $465,000

      Retail Strip Mall For Sale

      Retail strip mall located on Pearson Drive in Genoa, Illinois.
      701 Pearson Drive, Genoa, IL 60135
      View Details
    • $425,000

      Six-Unit Apartment Building For Sale

      Six-unit apartment building with diverse unit mix and parking.
      105 South Sycamore Street, Genoa, IL 60135
      View Details
    • $275,000
      1,512 SF

      Established Bar with Gaming

      Turnkey bar opportunity in downtown Genoa with positive cash flow.
      209 W Main St, Genoa, IL
      View Details
    • Contact for pricing
      2 SF

      Commercial Land on Sycamore Road

      Two-acre commercial land parcel with high visibility and easy access.
      405 Sycamore Rd., Genoa, IL 60135
      View Details
    • $63,800

      Land For Sale

      Land available in Genoa, Illinois.
      Lot 48 S. Pine Circle, Genoa, IL 60135
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial-zoned land offering various development opportunities in Genoa, Illinois.
    Where is this commercial land located?
    The property is located at 120 Monroe Street Genoa, IL.
    What is the asking price?
    The asking price for this property is $120,000.
    What are key features of this property?
    This property features: Zoned commercial, offering diverse business opportunities.; Property size of 0.56 acres.; Located in the town of Genoa.
    (815) 784-2800
    We can help!
    Listing Contact
    Tammy Engel
    Real Estate License ID: 471001769
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!