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    Property profile & analytics

    216-218 Editor St Ashland, IL 62612

    • Commercial real estate
    • 800 SF
    • 0.07 lot acres
    For Sale
    View listing
    $39,900
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-3775852
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 216-218 Editor St

    Lot size
    0.07 lot acres
    Property size
    800 SF
    Property type
    Commercial real estate
    APN
    02-034-004-00
    APU
    203400400

    Description

    This exceptional Ashland, IL commercial property presents a unique investment opportunity. Located at 216-218 W Editor Street, this offering comprises two side-by-side buildings totaling 1,238 square feet, presenting significant potential for rehabilitation and repurposing. The property is being sold "As-Is," allowing for creative vision and flexibility in development. Each building offers main floor space ideal for a variety of commercial uses, from retail to office space. The upper level of each building provides ample storage space, currently unfinished, but with the potential for conversion into additional living quarters, subject to local zoning regulations and necessary permits. This presents a compelling opportunity for mixed-use development, catering to both business and residential needs. The property sits on a lot with zero acres, making it an easily manageable and potentially cost-effective project. The asking price of $39,900 makes this an attractive proposition for investors seeking a high-return project with significant upside. The property's location in Ashland offers access to local amenities and a growing community. This is a chance to acquire a property with unlimited potential, ready for a buyer with a vision to transform it into a thriving business or residential space, or a combination of both. Serious inquiries are encouraged to explore this exciting opportunity.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ashland
    County
    Cass
    State
    Illinois
    Longitude
    -90.009
    Latitude
    39.8884

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $688
    $710
    $7,410
    $8,120
    -
    $2,130
    $22,230
    $24,360

    Comparable in this City

    • Value Estimation by Request
      0.06 Acres

      Hardin St

      COMMERCIAL (GENERAL) • 0.06 Acres
      Hardin St, Ashland, IL 62612
      View Details
    • Value Estimation by Request
      1,972 SF

      200 Editor St

      COMMERCIAL (GENERAL) • 1,972 SF
      200 Editor St, Ashland, IL 62612-7550
      View Details
    • Value Estimation by Request
      1,200 SF

      108 Editor St

      COMMERCIAL (GENERAL) • 1,200 SF
      108 Editor St, Ashland, IL 62612-7552
      View Details
    • Value Estimation by Request
      3,200 SF

      100 Editor St

      COMMERCIAL (GENERAL) • 3,200 SF
      100 Editor St, Ashland, IL 62612
      View Details
    • Value Estimation by Request
      1,720 SF

      113 Hardin Rd

      COMMERCIAL (GENERAL) • 1,720 SF
      113 Hardin Rd, Ashland, IL 62612-8247
      View Details
    • Value Estimation by Request
      1,710 SF

      116 Hardin Rd

      COMMERCIAL (GENERAL) • 1,710 SF
      116 Hardin Rd, Ashland, IL 62612-7718
      View Details

    Similar Nearby for Sale

    • $39,900

      Ashland, IL Commercial Land Opportunity

      Two Buildings, Rehab Potential, $39,900
      216-218 Editor St, Ashland, IL 62612
      View Details
    • $32,500

      Ashland Commercial Land Opportunity

      Downtown Ashland lot, building for rehab.
      144 Editor St, Ashland, IL 62612
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    • $90,000

      Income-Producing Commercial Building in Ashland

      Commercial building with restaurant space and income-producing apartments.
      200 W Editor St, Ashland, IL 62612
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    216-218 Editor St
    Ashland, IL 62612
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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.

    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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