Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    109 Vienna St Anna, IL 62906

    Sponsored
    For Sale
    $375,000
    Added:
    Dec 11, 2024
    Days on Market:
    405

    Property Features for 109 Vienna St

    General Information

    Property type
    Land

    Building Details

    Year Built
    1903

    We can help!

    Listing Contact
    KRISTEN STEGLE
    KRISTEN STEGLE

    Learn more

    Property Insight Report
    Property Profile Location Intelligence

    Current Use by Public Records

    Boswells Lounge Bar

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Anna
    County
    Union
    State
    Illinois
    Longitude
    -89.2472018
    Latitude
    37.4607916

    Nearby Comparable

    • $79,900

      Downtown Anna Restaurant Opportunity

      Historic building, high traffic location, huge potential.
      214 Main St, Anna, IL 62906
      View Details
    • $350,000
      3,368 SF

      Restaurant with Drive-Through Potential

      3,368 SF restaurant with drive-through, excellent visibility and access.
      140 E Vienna St, Anna, IL 62906
      View Details
    • New
      Contact for pricing
      0.93 Acres

      Commercial Lot in Anna, IL

      0.93 acre commercial lot for sale in Anna, Illinois.
      Williams St, Anna, IL 62906
      View Details
    • $89,000
      210 SF

      Anna, IL Commercial Property

      Unique Commercial Space, High Potential
      149 Vienna St, Anna, IL 62906
      View Details
    • $500,000

      Jonesboro Commercial Property - $500K

      High-traffic retail land with two buildings.
      603 Broad St, Jonesboro, IL 62952
      View Details
    • $190,000

      Jonesboro IL Commercial Property

      Prime Flex Space, High Potential
      305 Main St, Jonesboro, IL 62952
      View Details
    • $190,000
      4,680 SF

      Jonesboro Commercial Building - Prime Location

      Versatile 4,680 sq ft space, great potential!
      305 Main St, Jonesboro, IL 62952
      View Details
    • $110,000
      2.24 Acres

      Commercial Land in Anna, IL

      2.24 acre corner lot suitable for various commercial uses.
      Denny Dr, Anna, IL 62906
      View Details
    • $39,000
      Pending

      Secluded Land Parcel in Jonesboro

      7-acre residential land perfect for cabin or hunting lodge.
      1475 State Rte 127 Hwy S, Jonesboro, IL 62952
      View Details
    • $89,000

      Anna, IL Commercial Property

      Unique Multi-Use Commercial Property in Anna, IL
      149 Vienna St, Anna, IL 62906-0000
      View Details
    • $240,000

      Cobden Commercial Land Investment

      Prime Cobden Retail Property, High Traffic
      220 Front St, Cobden, IL 62920
      View Details

    Nearby Similar for Sale

    • $350,000
      3,368 SF

      Restaurant with Drive-Through Potential

      3,368 SF restaurant with drive-through, excellent visibility and access.
      140 E Vienna St, Anna, IL 62906
      View Details
    • $89,000
      210 SF

      Anna, IL Commercial Property

      Unique Commercial Space, High Potential
      149 Vienna St, Anna, IL 62906
      View Details

    FAQs

    Where is this land located?
    The property is located at 109 Vienna St Anna, IL.
    What is the asking price?
    The asking price for this property is $375,000.
    Request Owner's contact information
    109 Vienna St Anna, IL 62906
    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.
    109 Vienna St
    Anna, IL 62906
    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
    109 Vienna St Anna, IL 62906
    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

    We can help!
    Listing Contact
    KRISTEN STEGLE
    KRISTEN STEGLE
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.