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    407 Cedar Grove Rd Simpson, IL 62985

    Sponsored
    For Sale
    $479,000

    Farm / Farmhouse, House (Detached) - Simpson, IL

    Type:Farm
    Property size:
    1,936 SF
    Lot size:
    7.00 Acres
    Days on Market:
    4
    Last Refresh:
    Jan 28 at 2:06 am

    Property Features for 407 Cedar Grove Rd

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Den, Dining Room, Family Room, Kitchen
    Bedrooms
    4
    Bathrooms
    3
    APN
    04-1-03-047-004-001
    Parking features
    Garage, Garage - Attached
    Basement Y/N
    1
    Appliances
    Dryer, Microwave, Refrigerator
    Size
    1,936 SF
    Lot size
    7.00 Acres

    Utilities

    Heating system
    Geothermal (Heating), Propane (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2004
    Year renovated
    2004
    Floors in Building
    2
    Flooring type
    Carpet, Hardwood, Tile
    Building materials
    Vinyl Siding
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Tonya Hughes

    Hunt and Farm Realty (618) 559-2967

    Listing agent Tonya Hughes (618) 559-2967

    Listing date Jan 25, 2026

    MLS# 11637184 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

    Secluded Home with Detached Shop

    Nestled on 7 peaceful acres along Cedar Grove Road in Pope County, Illinois, this custom-built home provides warmth and space for family living. The main floor features an open-concept family room and kitchen with Amish-crafted custom cabinetry, a large island with bar seating, and a bay-window breakfast nook. A covered deck with Trex decking is accessible from the kitchen, and there is also a formal dining room. Hardwood floors flow throughout the main living areas. The split floor plan includes a main bedroom suite with an ensuite bathroom and walk-in closet, plus two additional bedrooms and a full bath. A laundry room adds convenience. The finished walk-out basement expands the living space with a full second kitchen featuring custom cabinetry and tile flooring, a family room, a bedroom, and a home office. High-speed internet is provided by Shawnee Communications. The basement has natural light and access to a hot tub beneath the covered deck. Outdoor features include a front porch, an expansive covered deck, and a back patio. A detached shop and "man cave" offers space for vehicles, equipment, and projects, complete with gas heat, air conditioning, and a full bathroom. The 7-acre setting includes open lawn and pasture land, with a loafing shed suitable for horses. The property is located near Sand Cave Road, providing access to the Shawnee National Forest, the River to River Trail, Bay Creek Camp, Hayes Canyon Campground, Bell Smith Springs, Lake Glendale, and Dixon Springs State Park.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Simpson
    County
    Johnson
    State
    Illinois
    Longitude
    -88.637156
    Latitude
    37.50739

    Nearby Similar for Sale

    • $274,000
      6,000 SF

      Prime Simpson Commercial Property

      6,000 sq ft Commercial Ranch, 59 Campsites
      78 Cedar Grove Rd, Simpson, IL 62985
      View Details

    FAQs

    What type of property is this?
    Horse & equestrian property - Custom-built home on 7 acres near Shawnee National Forest.
    Where is this horse & equestrian property located?
    The property is located at 407 Cedar Grove Rd Simpson, IL.
    What is the asking price?
    The asking price for this property is $479,000.
    What are key features of this property?
    This property features: - 7-acre property bordering Shawnee National Forest, ideal for outdoor activities like horseback riding and hiking.; - Detached shop/"man cave" with gas heat, A/C, and full bathroom, perfect for hobbies, storage, or entertaining.; - Finished walk-out basement with full second kitchen, family room, bedroom, and home office, suitable for multi-generational living.
    (618) 559-2967
    Request Owner's contact information
    407 Cedar Grove Rd Simpson, IL 62985
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    Simpson, IL 62985
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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
    407 Cedar Grove Rd Simpson, IL 62985
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    We can help!
    Listing Contact
    Tonya Hughes
    (618) 559-2967
    Learn more
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