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    201 Main St Genoa, IL 60135

    • Commercial real estate
    • 0.06 lot acres
    For Sale
    View listing
    $399,000
    Value Estimation
    Last Sale
    Aug 05, 2022
    Location Intelligence
    Property ID
    US28-0539319
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 201 Main St

    Lot size
    0.06 lot acres
    Property type
    Commercial real estate
    APN
    03-19-454-016
    APU
    319454016

    Description

    This meticulously renovated 4,000 square foot commercial building at 201 W Main Street, Genoa, IL, presents a unique investment opportunity. The property boasts brand new electrical, plumbing, drywall, trim, and fixtures throughout. The first floor offers approximately 1,500 square feet of versatile office/retail space, perfect for a variety of businesses. A convenient bathroom, a finished basement providing ample storage, and an attached garage are also included. Currently generating income, the second floor comprises two completely renovated, two-bedroom apartments, each renting for $1250 per month on a one-year lease. Both apartments feature updated interiors and share a convenient in-unit washer and dryer. All units are separately metered for efficient utility management. The building benefits from convenient street parking and proximity to a city parking lot across the street. This turnkey property offers a blend of commercial and residential income streams, making it an attractive investment in the thriving Genoa market. The asking price is $399,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $250,000

    • CAP approach

      CAP return
      Estimation
      6%
      $195,000
      6.5%
      $175,000
      7%
      $195,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $155,000
      Geo Method
      $185,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $160,000
      Retail
      $150,000
      Mixed-Use
      $195,000
      Hospitality
      $145,000
      Educational
      $150,000
      Residential Income
      $180,000
      Energy
      $190,000
      Income-Based Land
      $165,000
      Food Service
      $195,000

    Location Insight

    • Map
    • Local Demand
    City
    Genoa
    County
    Dekalb
    State
    Illinois
    Longitude
    -88.6935
    Latitude
    42.0976
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,851
    $10,206
    $40,945
    $51,151
    -
    $30,618
    $122,835
    $153,453

    Comparable in this City

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    201 Main St
    Genoa, IL 60135
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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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