Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    19709 Illinois Riv Rd Hardin, IL 62047
    Back to Search
    Property profile & analytics

    19709 Illinois Riv Rd Hardin, IL 62047

    View on Map
    • Commercial real estate
    • 16,800 SF
    • 5.60 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 19709 Illinois Riv Rd

    Year built
    1994
    Lot size
    5.60 lot acres
    Property size
    16,800 SF
    Property type
    Commercial real estate

    Description

    This exceptional opportunity presents a fully operational and highly lucrative lumber business in Hardin, Illinois. Priced at $2,500,000, this turnkey operation includes a substantial inventory and a comprehensive list of equipment, all conveying with the sale. The main building, a 16,800 square foot structure built in 1994, boasts a 168 x 100 sq ft storefront with offices, a drafting office, loft storage, kitchen, bathrooms, and ample storage. Radiant floor heat adds to the comfort and efficiency. The property sits on a 5.6-acre lot with commercial zoning and provides 50 parking spaces. Three additional outbuildings enhance the operational capacity: a 144 x 36 sq ft open-front pole building with six equipment openings, a 66 x 144 sq ft warehouse with 19.2 ft lean-tos on both sides, and another 54 x 144 sq ft warehouse featuring 22.6 ft lean-tos on both sides. The business benefits from a "Do It Best" affiliation and has been a family-owned enterprise since 1968. All semi-trailers are full of inventory, ready for immediate operation. This is an ideal acquisition for investors or entrepreneurs seeking a well-established, profitable business with significant assets. Contact the office for a detailed inventory list and further information. The two-story building is situated at 19709 Illinois River Rd, Hardin, IL 62047.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hardin
    County
    Calhoun
    State
    Illinois
    Longitude
    -90.6174
    Latitude
    39.1118

    Comparable in this City

    • Value Estimation by Request
      0.34 Acres

      201 Park St

      Commercial real estate • 0.34 Acres
      201 Park St, Hardin, IL 62047
      View Details
    • Value Estimation by Request
      0.80 Acres

      Hardin, IL 62047

      COMMERCIAL (GENERAL) • 0.80 Acres
      Hardin, IL 62047
      View Details
    • Value Estimation by Request

      Hardin, IL 62047

      COMMERCIAL (GENERAL)
      Hardin, IL 62047
      View Details
    • Value Estimation by Request

      413 Batchtown Rd

      COMMERCIAL (GENERAL)
      413 Batchtown Rd, Hardin, IL 62047-5010
      View Details
    • Value Estimation by Request

      214 Park St

      COMMERCIAL (GENERAL)
      214 Park St, Hardin, IL 62047-2019
      View Details
    • Value Estimation by Request

      Hardin, IL 62047

      COMMERCIAL (GENERAL)
      Hardin, IL 62047
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      898 SF

      Turnkey Coffee Shop Opportunity

      Well-maintained building with updates, ideal for coffee shop venture.
      301 West Main St, Hardin, IL 62047
      View Details
    • $119,900
      Pending

      Secluded Hardin Land with Amenities

      7.67 acres of meticulously maintained land with camping amenities.
      1060 Godar Holw Rd, Hardin, IL 62047
      View Details
    • $44,170
      6.31 Acres

      Hardin, IL Agriculture Land

      6.31 acre lot perfect for walkout basement home.
      2388 Plummer Hill Rd, Hardin, IL 62047
      View Details
    • $210,000
      1,536 SF

      Calhoun County Multi-Use Commercial Property

      Two buildings in Hardin, IL, ideal for retail/office/restaurant.
      201 N Park St, Hardin, IL 62047
      View Details
    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.
    19709 Illinois Riv Rd
    Hardin, IL 62047
    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
    19709 Illinois Riv Rd, Hardin, IL, 62047
    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!