Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    1435 W Main Street Grafton, IL 62037

    View on Map
    Claim this Listing
    New
    For Sale
    $795,000

    Commercial Sale - Grafton, IL

    Property size:
    2,865 SF
    Lot size:
    0.45 Acres
    Price / SF:
    $277/SF
    Added:
    May 5, 2026
    Days on Market:
    4
    Last Refresh:
    May 8 at 5:06 am

    Property Features for 1435 W Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Driveway, Open, Parking Lot
    Standard status
    Active
    APN
    08-327-003-00
    Size
    2,865 SF
    Lot size
    0.45 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    8788

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    2018
    Architectural style
    Other

    We can help!

    Listing Contact
    Travis Tarrant

    Listing agent Travis Tarrant License #471016673

    Listing office Tarrant and Harman Real Estate and Auction Co 3644 Fosterburg Rd., Alton, IL

    Listing date May 5, 2026

    MLS# 25026787 Listing URL

    Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Six‑unit nightly rental property offering a strong investment opportunity.
    • Breathtaking riverfront views from every suite.
    • Large covered decks ideal for enjoying sunrises and sunsets.
    • Level backyard with picnic tables, barbecue grills, and a fire pit for gatherings.
    • Easy access to a nearby bike path along the riverfront.
    • Built in 2018 with modern amenities including central air and forced air heating.

    Overview

    Grafton, IL Riverfront Investment

    This six-unit property is located in Grafton, IL, and is suitable for use as a nightly rental. The property offers views and includes covered decks. The backyard is level and equipped for gatherings, featuring picnic tables, barbecue grills, and a fire pit. A nearby bike path provides access for recreational activities along the riverfront. The property is situated on a 0.4469-acre lot. The building has 2865 square feet of space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Nail Salon Kitchen & Bath Showroom Department Store Storage Facility Food Market Furniture & Home Goods Car Rental Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Grafton
    County
    Jersey
    State
    Illinois
    Longitude
    -90.451526
    Latitude
    38.970109

    Nearby Similar for Sale

    • $429,000
      1,600 SF

      Grafton Commercial Property on Main

      Turn-key commercial property on Main Street in Grafton, Illinois.
      222 E Main Street, Grafton, IL 62037
      View Details
    • $240,000
      3,200 SF

      Grafton Retail Opportunity

      Commercial building in thriving river town, suitable for various businesses.
      309 N Market Street, Grafton, IL 62037
      View Details
    • $2,500,000
      4,800 SF

      Grafton Bed & Breakfast Opportunity

      Bed & breakfast opportunity with stunning river views in Grafton, IL.
      1 Tara Point Drive, Grafton, IL 62037
      View Details
    • $12
      4,800 SF

      Grafton Commercial Property for Sale

      Commercial property available in Grafton, Illinois.
      1 Tara Point Drive, Grafton, IL 62037
      View Details

    FAQs

    What type of property is this?
    Apartment building - Six-unit nightly rental property with river views and outdoor amenities.
    Where is this apartment building located?
    The property is located at 1435 W Main Street Grafton, IL.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: Six‑unit nightly rental property offering a strong investment opportunity.; Breathtaking riverfront views from every suite.; Large covered decks ideal for enjoying sunrises and sunsets.
    (618) 974-9259
    We can help!
    Listing Contact
    Travis Tarrant
    Real Estate License ID: 471016673
    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

    Thank You for Inquiry
    1435 W Main Street, Grafton, IL 62037
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!