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    Robinson Commercial Building with Expansion Title is generated by Realmo AI

    1500 E Main St., Robinson, IL 62454

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    For Sale
    $379,000

    Commercial Building - Robinson, IL

    Property size:
    3,024 SF
    Lot size:
    4.85 Acres
    Price / SF:
    $125/SF
    Added:
    Sep 16, 2025
    Days on Market:
    265
    Last Refresh:
    Jun 7 at 1:06 am

    Property Features for 1500 E Main St.

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Basement, Bathroom 1, Bathroom 2, Kitchen
    Parking features
    Garage, Garage - Attached, Underground/Basement
    Basement Y/N
    1
    Standard status
    Active
    APN
    05-1-34-000-018-000
    Size
    3,024 SF
    Lot size
    4.85 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    7185

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1998
    Year renovated
    1998
    Floors in Building
    1
    Building materials
    Vinyl Siding
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Erica Lytis

    Listing agent Erica Lytis

    Listing office Crawford County Real Estate, Inc. 1010 W. Main St., Robinson, IL

    Listing date Sep 16, 2025

    MLS# 11575513 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.

    HighLights

    • Prime location near businesses and industry.
    • 3,024 sq.ft. space with full walk‑out basement for storage or other uses.
    • Versatile space suitable for retail, restaurant, gaming, pet grooming, or other uses.
    • Updated flooring, full kitchen, and 1.5 baths.
    • Handicap accessible with ramps.
    • Blacktop parking lot with 9 spaces.

    Overview

    This well-maintained 3,024 sq. ft. commercial building is located in close proximity to other businesses and industries. The property features a full walk-out basement, providing additional storage or other potential uses. The interior includes updated flooring, a full kitchen, and 1.5 bathrooms. Currently operating as a floral and gift shop, the space is suitable for various other business ventures, including retail, restaurant, gaming, or pet grooming. The property includes a blacktop parking lot with 9 spaces and ramps for handicap accessibility. The lot size is 4.85 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Baymont by Wyndham ... Hotel & Motel Your Flower Basket ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Robinson
    County
    Crawford
    State
    Illinois
    Longitude
    -87.720626
    Latitude
    39.006363

    Nearby Similar for Sale

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      1,900 SF

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      Exceptional condition with handicap-accessible entry, restrooms, and a large meeting room for group gatherings.
      12475 E. 1050th Ave., Robinson, IL 62454
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    • $315,000

      Commercial Building on IL 33

      Commercial building with long-term tenant and development potential.
      1700 W. Main St., Robinson, IL 62454
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    • $265,000

      Accessible Office Building with Meeting Room

      Office building in exceptional condition with handicap-accessible entry, restrooms, and a large meeting room.
      12475 E. 1050th Ave., Robinson, IL 62454
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    FAQs

    What type of property is this?
    Retail space - Well-maintained 3,024 sq. ft. commercial building with expansion potential.
    Where is this retail space located?
    The property is located at 1500 E Main St. Robinson, IL.
    What is the asking price?
    The asking price for this property is $379,000.
    What are key features of this property?
    This property features: Prime location near businesses and industry.; 3,024 sq.ft. space with full walk‑out basement for storage or other uses.; Versatile space suitable for retail, restaurant, gaming, pet grooming, or other uses.
    (618) 544-8605
    We can help!
    Listing Contact
    Erica Lytis
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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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