Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    630 N COMMERCIAL Street Harrisburg, IL 62946

    View on Map
    For Sale
    $199,000

    LAND - Harrisburg, IL

    Lot size:
    0.90 Acres
    Added:
    Apr 14, 2025
    Days on Market:
    353
    Last Refresh:
    Apr 1 at 2:06 am

    Property Features for 630 N COMMERCIAL Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active
    APN
    06-1-086-12
    Lot size
    0.90 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxDescription
    Hb,S15,T09,R06 ,Qne,L ,B Pt Ne1/4 Ne1/4 E Z
    TaxAnnualAmount
    2703

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Private Sewer
    Water source
    Private

    We can help!

    Listing Contact
    Ayn M Bartok
    Ayn M Bartok

    Listing agent Ayn M Bartok License #471001901

    Listing office All In One Real Estate Company 603 N. COMMERCIAL ST., Harrisburg, IL

    Listing date Apr 14, 2025

    MLS# EB457523

    Copyright © 2025 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Land in High-Traffic Area

    This commercial land is located in a high-traffic area with 10,800 vehicles per day, according to the Illinois Department of Transportation. The property is situated at a four-way stop light intersection, offering high visibility. The lot is positioned between Aldi and Verizon. Across the street is a strip center anchored by Kroger and TSC. Across the corner is Arby's in an outlot of another shopping center anchored by Rural King and Showplace Cinemas. This location is suitable for various business opportunities due to the presence of other shopping and dining establishments in the area. The property was formerly a convenience store and gas station. The pumps, tanks, and former building have been removed. A concrete pad is in place for a parking lot. Deed restrictions apply; details are available upon request. The lot size is 0.896 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    HARRISBURG FOOD MART Gas Station

    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
    Harrisburg
    County
    Saline
    State
    Illinois
    Longitude
    -88.523785
    Latitude
    37.744201

    Nearby Similar for Sale

    • $450,000

      Harrisburg Commercial Medical Office Building

      Modern medical office building suitable for various commercial uses.
      30 VETERANS Drive, Harrisburg, IL 62946-3320
      View Details
    • $475,000

      High Visibility Commercial Corner Property

      Commercial building on a high-traffic corner with retail and office potential.
      404 N COMMERCIAL Street, Harrisburg, IL 62946
      View Details
    • $280,000

      Prime Harrisburg Commercial Space Available

      Versatile commercial property on high-traffic US Highway 45 N.
      618 N COMMERCIAL Street, Harrisburg, IL 62946
      View Details
    • $180,000

      Commercial Land in Harrisburg, IL

      Prime commercial land with high visibility and development potential.
      972 S COMMERCIAL Street, Harrisburg, IL 62946
      View Details
    • $120,000

      Commercial Property in Harrisburg, IL

      Commercial property with high traffic count and development potential.
      309 W Small Street unit: 3 & 4, Harrisburg, IL 62946
      View Details
    • $12,500

      Harrisburg, IL Land For Sale

      Spacious lot near schools and shopping with utility access.
      618 S MCKINLEY Street, Harrisburg, IL 62946
      View Details
    • $150,000

      Harrisburg Commercial Property with Acreage

      Commercial property in Harrisburg, IL with nearly 10 acres.
      201 W Barnett Street, Harrisburg, IL 62946
      View Details
    • $500,000
      44,000 SF

      Two Harrisburg Retail Centers Portfolio

      Two retail properties with redevelopment potential in Harrisburg, Illinois.
      701 N Commercial St, Harrisburg, IL 62946
      View Details
    • $190,000

      Well-Maintained Office Building in Harrisburg

      Ready for new owners, flexible layout, co-owned parking lot.
      300 W Small Street unit: Suite 3, Harrisburg, IL 62946
      View Details
    • $1,800,000
      28,320 SF

      Kroger Shadow-Anchored Retail Center

      Retail center with redevelopment potential in Harrisburg, Illinois.
      601 N Commercial St, Harrisburg, IL 62946
      View Details
    • $75,000

      Remodeled Office Building For Sale

      Office building with multiple spaces, remodeled in 2016, large lot.
      1014 N MAIN Street, Harrisburg, IL 62946
      View Details
    • $55,000

      Harrisburg Land For Sale

      5 acres of land previously used as farmland.
      WATER Street, Harrisburg, IL 62946
      View Details

    FAQs

    What type of property is this?
    Commercial land - High-visibility commercial land with concrete pad in place.
    Where is this commercial land located?
    The property is located at 630 N COMMERCIAL Street Harrisburg, IL.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: High‑traffic location with 10,800 vehicles per day, offering high visibility.; Located at a 4‑way stop light intersection.; Surrounded by major retailers: Aldi, Verizon, Kroger, TSC, Rural King, and Showplace Cinemas.
    (618) 841-2439
    We can help!
    Listing Contact
    Ayn M Bartok
    Ayn M Bartok
    Real Estate License ID: 471001901
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!