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    604 South St Mazon, IL 60444

    Sponsored
    For Sale
    $150,000

    COMMERCIAL - Mazon, IL

    Lot size:
    1.44 Acres
    Days on Market:
    33
    Last Refresh:
    Jan 20 at 3:06 am

    Property Features for 604 South St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    APN
    0821234004
    Lot size
    1.44 Acres

    Utilities

    Utilities
    Water Available

    Building Details

    Year built
    1900
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Block, Wood, Steel Siding, Frame

    We can help!

    Listing Contact
    Christy Schmaedeke
    Christy Schmaedeke

    Keller Williams Realty Infinity (630) 778-5800 [email protected]

    Listing agent Christy Schmaedeke (815) 693-5757

    Listing date Dec 19, 2025

    Copyright © 2025 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.

    Learn more

    Property Insight Report

    Overview

    Versatile Commercial Property in Mazon, IL

    This 1.44-acre commercial property in downtown Mazon, IL, is zoned B3 and features a combination of office space, warehouse/storage areas, a truck scale, and a historic grain elevator. The property requires some repairs. The office building includes a basement and offers approximately 1,150 sq ft (50' x 23') on the main floor, with a reception area, office spaces, and a bathroom. A large warehouse/shop/pole barn provides approximately 5,000 sq ft of open space with heavy-load concrete floors, suitable for equipment storage, a workshop, or a warehouse. It includes a gravel drive and fenced parking lot. There is an additional storage or office space of approximately 1,960 sq ft (98' x 20'). A drive-over truck scale is positioned beneath a 19' x 48' awning. The historic grain elevator measures approximately 60' x 48' with a 38' tall main section. The property offers opportunities for businesses, including storage or sales of grain, fertilizer, or landscape materials; vehicle, boat, or trailer storage; parking for contractors; a mechanics garage; semi-truck and trailer repair or parking; an automotive sales or service center; a tire shop; fleet maintenance commercial truck repair; body painting and motor rebuilding; apartments; an antique consignment shop; or a craft or flea market. There is also potential for reclaiming and selling antique wood from the elevator.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Truck stops

    Suggested Use

    Auto Repair Shop Garden Center Convenience Store Daycare Center Travel Agency Pawn Shop Laundry Service Butcher Parking Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Mazon
    County
    Grundy
    State
    Illinois
    Longitude
    -88.424649
    Latitude
    41.238249

    Nearby Similar for Sale

    • $250,000
      0.16 Acres

      Mixed-Use Building with Apartments

      Commercial building with four rented apartments in downtown Mazon.
      518 Depot St, Mazon, IL 60444
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    • $649,000
      0.23 Acres

      Well-Maintained 9-Unit Apartment Building

      9-unit apartment building with detached Morton building for additional income.
      400 Main St, Mazon, IL 60444
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    • $175,000
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      Mazon Commercial Property - Huge Potential

      Versatile 12,000 sq ft property, 1.44 acres
      604 South St, Mazon, IL 60444
      View Details

    FAQs

    What type of property is this?
    Warehouse - Commercial property with office, warehouse, storage, and historic grain elevator.
    Where is this warehouse located?
    The property is located at 604 South St Mazon, IL.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: - 1.44-acre commercial property zoned B3 in downtown Mazon, offering versatile business opportunities.; - Large warehouse/shop/pole barn with approx. 5,000 sq ft, **heavy-load concrete floors**, gravel drive, and fenced parking.; - Office building with approx. 1,150 sq ft, basement, reception area, offices, and bathroom.
    (815) 693-5757
    Request Owner's contact information
    604 South St Mazon, IL 60444
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    Mazon, IL 60444
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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
    604 South St Mazon, IL 60444
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    We can help!
    Listing Contact
    Christy Schmaedeke
    Christy Schmaedeke
    Real Estate License ID: 475180851
    (815) 693-5757
    Learn more
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