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    1215 Us Hwy 45 Hwy Eldorado, IL 62930
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    1215 Us Hwy 45 Hwy, Eldorado, IL 62930

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    • Retail properties & Spaces
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    Cap Rate Potential
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    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1215 Us Hwy 45 Hwy

    Year built
    1963
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional one-acre commercial property in Eldorado, Illinois, presents a unique investment opportunity. Located at 1215 N US Hwy 45 N Highway, this property boasts a substantial 40 x 75.6 ft concrete building constructed in 1963. Currently operating as a retail business, the building features three large, open rooms easily adaptable for multiple uses or expansion. Ample parking is available, and the property benefits from high visibility and accessibility due to its highway frontage next to a Dollar General and other restaurants. The building includes a newer metal roof, numerous large windows providing abundant natural light, and double rear doors ideal for loading and unloading. A leased billboard on the property generates additional income. The expansive back lot offers potential for expansion or further development. The asking price is $229,900. This property is perfect for entrepreneurs seeking a prime location with significant upside potential. Don't miss this chance to own a thriving commercial space in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Eldorado
    County
    Saline
    State
    Illinois
    Longitude
    -88.4427
    Latitude
    37.8062

    Comparable in this City

    • Value Estimation by Request

      15 Poplar St

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      15 Poplar St, Eldorado, IL 62930
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    • Value Estimation by Request

      8890 Us Hwy 45 Hwy

      Land
      8890 Us Hwy 45 Hwy, Eldorado, IL 62930
      View Details
    • Value Estimation by Request
      12,000 SF

      1217 Us-45

      Lifestyle centers
      1217 Us-45, Eldorado, IL 62930
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    • Value Estimation by Request
      1.25 Acres

      200 Hwy 142nd S

      COMMERCIAL (GENERAL)
      200 Hwy 142nd S, Eldorado, IL 62930-3742
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    • Value Estimation by Request

      1010 Ww St

      COMMERCIAL (GENERAL)
      1010 Ww St, Eldorado, IL 62930
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    • Value Estimation by Request

      Eldorado, IL 62930

      COMMERCIAL (GENERAL)
      Eldorado, IL 62930
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3.46 Acres

      Vacant Land in Eldorado, IL

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      12,000 SF

      Tenant-Leased Property with Renewal Option

      Tenant-leased property with low rental rate and renewal option.
      1217 Us Highway 45 N, Eldorado, IL 62930
      View Details
    • $109,000
      2,004 SF

      Eldorado Commercial Property - Huge Potential

      Versatile Commercial Building, 3.7 Acres
      8890 Us Hwy 45 Hwy, Eldorado, IL 62930
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      12,000 SF

      Dollar General Investment Opportunity

      Dollar General leased property for sale below replacement cost.
      1217 Us Highway 45, Eldorado, IL 62930
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    • Contact for pricing
      5,200 SF

      Mixed-Use Building on Main Street

      5,000 sq ft mixed-use building with storefronts and residential space.
      1701 Locust St, Eldorado, IL 62930
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    Eldorado, IL 62930
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    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
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