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

    200 W Mounts St Carlinville, IL 62626

    Sponsored
    For Sale
    Pending
    $215,000

    Unimproved Land - Carlinville, IL

    Type:Unimproved Land
    Lot size:
    0.58 Acres
    Days on Market:
    1
    Last Refresh:
    Jan 26 at 7:06 pm

    Property Features for 200 W Mounts St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Unimproved Land
    Standard status
    Pending
    APN
    12-004-085-00
    Parking features
    Driveway
    Lot size
    0.58 Acres

    Utilities

    Heating system
    Electric (Heating), Hot Water (Heating), Propane (Heating), Radiant, Radiant Floor
    Cooling system
    Multi Units, Window Unit(s)

    Building Details

    Year built
    2016
    Flooring type
    Concrete, Vinyl
    Building materials
    Metal Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Amy Quarton
    Amy Quarton

    Tarrant & Harman Real Estate and Auction Co. (618) 433-9436

    Listing agent Amy Quarton (618) 433-9436 License #475.200446

    Listing date Jan 26, 2026

    MLS# 25006400 Listing URL

    Copyright © 2026 MARIS. 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

    Versatile Commercial Property on Corner Lot

    This 0.58-acre commercial property is located on a corner lot in Carlinville. It features a large gravel parking area, city street frontage, and a metal building constructed in 2016. The main building includes a fully insulated 49x67-foot garage with a concrete floor and three 14x12 overhead doors, suitable for equipment storage, vehicles, or workspace. The connected heated office space features energy-efficient radiant floor heating, vinyl plank flooring, and a window A/C unit. The office section includes a reception area with a sink and refrigerator, an 8x10 storage room with built-in shelving, and a 7x10 bathroom with a shower, ceramic tile flooring, and a tankless water heater. There are also two additional rooms suitable for offices or workstations, and a 21x49-foot loft above the office providing storage space. The property is connected to city water and sewer, and has Ameren electric and a propane tank. Zoned for commercial use and currently generating $12,000 in gross income, this property is suitable for garage, office, professional, or mixed-use purposes, and provides easy access for deliveries and large vehicles. This listing includes the land and building but excludes lots 5 and 6.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Similar Places Nearby

    R.P. Self Storage, Central Illinois Storage, Sorrells Elevator, Central Illinois Storage, Central Illinois Storage

    Location Insight

    • Map
    • Local Demand
    City
    Carlinville
    County
    Macoupin
    State
    Illinois
    Longitude
    -89.883136
    Latitude
    39.290521

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      44,000 SF

      Carlinville Office/Warehouse Investment Opportunity

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    FAQs

    What type of property is this?
    Warehouse - 0.58-acre commercial property with modern office and insulated garage.
    Where is this warehouse located?
    The property is located at 200 W Mounts St Carlinville, IL.
    What is the asking price?
    The asking price for this property is $215,000.
    What are key features of this property?
    This property features: - Large, well-maintained commercial property built in 2016 on a 0.58-acre corner lot.; - Spacious 49x67-foot insulated garage with concrete floor and three 14x12 overhead doors.; - Modern heated office space with radiant floor heating, reception area, and bathroom with shower.
    (217) 415-4372
    Request Owner's contact information
    200 W Mounts St Carlinville, IL 62626
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    Carlinville, IL 62626
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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
    200 W Mounts St Carlinville, IL 62626
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    We can help!
    Listing Contact
    Amy Quarton
    Amy Quarton
    Real Estate License ID: 475.200446
    (217) 415-4372
    Learn more
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