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    400 3Rd St Sherrard, IL 61281

    Sponsored
    For Sale
    Contact for pricing
    Added:
    Dec 11, 2024
    Days on Market:
    393

    Property Features for 400 3Rd St

    General Information

    Property type
    Retail properties

    Building Details

    Year Built
    1920
    Buildings
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Dental Office Spa & Massage Hair Salon Clothing Store Gym & Fitness Nail Salon Food Market Storage Facility Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Sherrard
    County
    Mercer
    State
    Illinois
    Longitude
    -90.5061812
    Latitude
    41.3188325

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    FAQs

    Where is this retail property located?
    The property is located at 400 3Rd St Sherrard, IL.
    What is the asking price?
    The asking price for this property is $25,000.
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    400 3Rd St Sherrard, IL 61281
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    Sherrard, IL 61281
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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
    400 3Rd St Sherrard, IL 61281
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