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    000 Monroe Monroe, IL 48162

    • Land
    • 3.23 lot acres
    For Sale
    View listing
    $124,900
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 000 Monroe

    Lot size
    3.23 lot acres
    Property type
    Land

    Description

    This exceptional commercial land offering encompasses three parcels totaling 3.23 acres, strategically located in Monroe, Illinois, zip code 48162. The property is zoned for commercial use, presenting a diverse range of development possibilities. With APN numbers 580706504100, 580706500600, and 580706500700, this land presents a compelling investment opportunity. The asking price is $124,900. Monroe County has witnessed consistent economic growth in recent years, fueled by a robust and diversified economy encompassing manufacturing, healthcare, and tourism. This positive economic trajectory suggests strong potential for property value appreciation, making this a promising long-term investment. The location at 000 N Monroe offers excellent accessibility and visibility, further enhancing its development potential. This is a rare opportunity to acquire a significant land parcel in a thriving area, ideal for various commercial ventures. The property's size and zoning make it suitable for a wide array of commercial developments, catering to the needs of a growing community. Don't miss this chance to secure a piece of Monroe's promising future.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Monroe
    State
    Illinois
    Longitude
    -89.9897
    Latitude
    38.3051
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    000 Monroe
    Monroe, IL 48162
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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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