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    Property profile & analytics

    111 Main St Alexis, IL 61412

    • Commercial real estate
    • 0.17 lot acres
    For Sale
    View listing
    $13,500
    Value Estimation
    Last Sale
    May 17, 2023
    Location Intelligence
    Property ID
    US28-3740871
    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

    • Bart's Barber Shop. No appointment nessaryALL major credit cards accepted! / Barber Shop
    • Jim's Barber Shop / Barber Shop

    Property Details for 111 Main St

    Lot size
    0.17 lot acres
    Property type
    Commercial real estate
    APN
    10-305-009-00
    APU
    1030500900

    Description

    This exceptional commercial property, located at 111 N Main Street in the heart of Alexis, Illinois, presents a unique investment opportunity. The building boasts a substantial 2,400 square feet of space, spread across two stories. The main level, currently vacant, offers significant potential for a variety of commercial ventures. Imagine transforming this space into the thriving business you've always envisioned. Upstairs, a 1200 square foot, two-bedroom apartment provides additional income potential through rental or could be renovated for personal use. The building's solid brick construction speaks to its durability and longevity. The property sits on a 0.17-acre lot, providing ample space. Currently, utilities are not connected. Priced affordably at $11,500, this property requires vision and some work, but the potential return on investment is substantial. This is a rare chance to acquire a prime commercial space in a desirable location at an exceptionally competitive price. Don't miss this opportunity to shape the future of this building and the Alexis community. The building's location on Main Street ensures high visibility and accessibility, making it an ideal spot for a variety of businesses. The combination of commercial space and a residential apartment offers flexibility and diverse income streams. Serious inquiries are encouraged.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Alexis
    County
    Warren
    State
    Illinois
    Longitude
    -90.5561
    Latitude
    41.0631
    CBSA code
    23660
    CBSA name
    GALESBURG, IL MICROPOLITAN 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
    2022
    $458
    $590
    $5,220
    $5,810
    -
    $1,770
    $15,660
    $17,430

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    Similar Nearby for Sale

    • Contact for pricing

      Alexis Commercial Land Investment

      Prime Alexis location, 2-story brick building, 1200 sq ft apartment.
      111 Main St, Alexis, IL 61412
      View Details
    • $100,000
      1,616 SF

      Two-Story Commercial Space in Alexis

      Versatile commercial property with parking in a prime location.
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    111 Main St
    Alexis, IL 61412
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    Realmo Value Estimation

    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.

    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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