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Property profile & analytics

418 Locust St Delavan, IL 61734-7602

  • Banks
  • 3,220 SF
  • 0.30 lot acres
OFF-MARKET
Last Sale
Oct 17, 2022
$60,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US28-1462494
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

  • Heartland Bank and Trust Company / Bank
  • ATM / Atm

Property Details for 418 Locust St

Year built
1981
Lot size
0.30 lot acres
Property size
3,220 SF
Property type
Banks
APN
21-21-10-125-010
APU
212110125010

Description

This exceptional 1,360 square foot commercial property is situated in the heart of downtown Delavan, Illinois, at 418 S Locust Street. The building is primarily constructed of brick, offering a classic and durable exterior. A significant advantage is the inclusion of allocated parking spaces, supplemented by the ample street parking readily available in the area. The roof is relatively new, having been replaced approximately three years ago, minimizing immediate maintenance concerns for the new owner. The current seller is an investor who has not utilized the premises, therefore, complete knowledge of all building features may be limited. This presents a unique opportunity for a buyer to explore and customize the space to their specific business needs. The property is offered at $169,000. Seller financing may be available contingent upon agreeable terms. For more information about the vibrant community of Delavan, Illinois, please visit delavanil.org. This property represents a strong investment opportunity in a desirable downtown location with the added benefit of recent roof replacement and convenient parking. The building's all-brick construction ensures longevity and a solid foundation for any commercial venture. Serious inquiries are encouraged to explore this promising opportunity further.


Value Estimations

based on Realmo’s proprietary methodology
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  • CAP approach

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  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Delavan
County
Tazewell
State
Illinois
Longitude
-89.5468
Latitude
40.3717
CBSA code
37900
CBSA name
PEORIA, IL METROPOLITAN STATISTICAL AREA

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
2023
$0.00
$6,070
$13,930
$20,000
-
$18,210
$41,790
$60,000
More about this property
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