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    1685 160th Ave Cameron, IL 61423

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    For Sale
    $120,000

    Farm/Estate - Cameron, IL

    Type:Farm
    Lot size:
    0.73 Acres
    Added:
    Jul 30, 2025
    Days on Market:
    262
    Last Refresh:
    Apr 17 at 6:06 pm

    Property Features for 1685 160th Ave

    General Information

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

    Taxes and HOA fees

    Tax Annual Amount
    0

    Utilities

    Heating system
    Forced Air, Propane (Heating)

    Building Details

    Year built
    2019
    Year renovated
    2019
    Architectural style
    Other

    We can help!

    Listing Contact
    Carissa Doyle

    Listing agent Carissa Doyle

    Listing office Doyle & Associates Realty, LLC 401 North Main St., Monmouth, IL

    Listing date Jul 30, 2025

    MLS# 11545979 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.

    Overview

    Turnkey Greenhouse Ready for Production

    This turnkey greenhouse, located in Cameron, IL, is engineered for efficiency and productivity. The structure measures 145 feet long by 50 feet wide, with 15-foot tall walls, providing ample vertical and horizontal space suitable for diverse crops or specialized horticultural production. It is outfitted with three heaters and multiple high-efficiency fans to ensure optimal airflow and growing conditions year-round. The advanced Wadsworth automated system manages temperature control, with automated roof and wall openings for ventilation and climate regulation. An onsite weather station provides real-time monitoring for environmental adjustments. The property includes a new well and a large propane tank for dependable irrigation and heating. Constructed using steel, aluminum, high-quality plastic, and tinted polycarbonate materials, the greenhouse offers durability, insulation, and light diffusion for plant growth. The steel and aluminum framing ensures structural support, while the tinted polycarbonate panels provide light transmission and temperature control, making the greenhouse weather-resistant and suitable for all-season use. The property spans 0.73 acres. This greenhouse is ready for immediate production and is ideal for growers seeking an automated environment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cannabis Properties

    Map

    City
    Cameron
    County
    Warren
    State
    Illinois
    Longitude
    -90.470349
    Latitude
    40.863567

    FAQs

    What type of property is this?
    Cannabis property - Efficient, automated greenhouse with advanced climate control in Cameron, IL.
    Where is this cannabis property located?
    The property is located at 1685 160th Ave Cameron, 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: Turnkey greenhouse engineered for efficiency and productivity, ready for immediate production.; Large dimensions: 145' long x 50' wide x 15' tall, providing ample space for diverse crops.; Advanced Wadsworth automated system with automated roof and wall openings for seamless ventilation and climate control.
    (309) 734-7253
    We can help!
    Listing Contact
    Carissa Doyle
    Learn More
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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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