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    105 E State St Hamel, IL 62046

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    For Lease
    $10 SF/Yr ($1,000 /Mo)

    Private office space in remodeled Bank of Hillsboro branch.

    Property size:
    1,200 SF
    Lot size:
    2.05 Acres

    Property Features for 105 E State St

    General Information

    Size
    1,200 SF
    Lot size
    2.05 Acres

    Source: BARBERMurphy Agent Collin Fischer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Remodeled Office Space Available

    Private office space is available for rent within a newly remodeled Bank of Hillsboro branch. The property is easily accessible from IL-157, IL-140, and I-55. Tenant improvements are negotiable. The building is located at the corner of IL-157 and State Street (IL-140). The property offers 1200 square feet of office space.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Building Supply Law Firm Hair Salon Spa & Massage Clothing Store Nail Salon Hotel & Motel Gym & Fitness Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hamel
    County
    Madison
    State
    Illinois
    Longitude
    -89.847202
    Latitude
    38.889002

    Nearby Similar for Lease

    • $2,500 /Mo
      2,900 SF

      Retail Space on Old Route 66

      Retail property in high-traffic area near I-55 and Route 157.
      205 Old Route 66 South, Hamel, IL 62046
      View Details

    FAQs

    What type of property is this?
    Office space - Private office space in remodeled Bank of Hillsboro branch.
    Where is this office space located?
    The property is located at 105 E State St Hamel, IL.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: - Easily accessible from IL-157, IL-140 and I-55; - Private office space available; - Located at the corner of IL-157 and State St (IL-140)
    (618) 420-2376
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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
    105 E State St Hamel, IL 62046
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