Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    860 Division St Coal City, IL 60416

    • Commercial real estate
    • 0.49 lot acres
    For Sale
    View listing
    $2,110,000
    Value Estimation
    Last Sale
    May 23, 2025
    $1,800,000
    Location Intelligence
    Property ID
    US28-1824157
    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 860 Division St

    Lot size
    0.49 lot acres
    Property type
    Commercial real estate
    APN
    06-35-483-001
    APU
    635483001

    Description

    This exceptional investment opportunity presents a 7,225-square-foot, single-tenant net-leased O'Reilly Auto Parts store in Coal City, Illinois. Located at 860 E Division St, this property boasts a prime location on a major retail corridor with high visibility, experiencing 12,800 vehicles per day. The building sits on a 0.74-acre lot and benefits from proximity to Interstate 55 (23,100 VPD) and is within an hour of downtown Chicago. The 15-year lease, commencing July 1, 2022, and expiring June 30, 2037, offers a remaining term of 12.6 years. The lease includes rent increases in year 11 and every subsequent five-year option period, providing inflation-resistant cash flow. O'Reilly Auto Parts, a publicly traded company with an S&P investment-grade credit rating of BBB, ensures a strong tenant and lease guarantee. The property's net operating income (NOI) is $122,448, resulting in a 5.80% cap rate and a price per square foot of $292.04. The asking price is $2,110,000. Nearby businesses include McDonald's, Dunkin', Taco Bell, CVS Pharmacy, Ace Hardware, and Dollar General. This property offers a compelling combination of a strong tenant, long-term lease, and attractive financial metrics, making it an ideal addition to any investment portfolio. The property includes a roof warranty and minimal landlord responsibilities. The building was constructed in 2022 and is fully depreciable.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,710,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,815,000
      6.5%
      $1,785,000
      7%
      $2,000,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,995,000
      Geo Method
      $1,840,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,215,000
      Retail
      $2,210,000
      Mixed-Use
      $1,855,000
      Hospitality
      $2,315,000
      Educational
      $1,935,000
      Residential Income
      $1,785,000
      Energy
      $1,965,000
      Income-Based Land
      $2,015,000
      Food Service
      $1,755,000

    Location Insight

    • Map
    • Local Demand
    City
    Coal City
    County
    Grundy
    State
    Illinois
    Longitude
    -88.272
    Latitude
    41.2884
    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
    $18,505
    $13,281
    $238,840
    $252,121
    -
    $39,843
    $716,520
    $756,363

    Comparable in this City

    • Value Estimation by Request

      Coal City, IL 60416

      COMMERCIAL (GENERAL)
      Coal City, IL 60416
      View Details
    • Value Estimation by Request
      2,520 SF

      3rd Ave

      COMMERCIAL (GENERAL) • 2,520 SF
      3rd Ave, Coal City, IL 60416
      View Details
    • Value Estimation by Request
      1,205 SF

      634 Broadway St

      COMMERCIAL (GENERAL) • 1,205 SF
      634 Broadway St, Coal City, IL 60416-1706
      View Details
    • Value Estimation by Request
      1,200 SF

      1455 Broadway St

      COMMERCIAL (GENERAL) • 1,200 SF
      1455 Broadway St, Coal City, IL 60416
      View Details
    • Value Estimation by Request
      4,080 SF

      550 Daisy Pl

      COMMERCIAL (GENERAL) • 4,080 SF
      550 Daisy Pl, Coal City, IL 60416-2400
      View Details
    • Value Estimation by Request
      2,880 SF

      10 Division St, Unit 20

      COMMERCIAL (GENERAL) • 2,880 SF
      10 Division St, Coal City, IL 60416-1638
      View Details

    Similar Nearby for Sale

    • $4,791,600
      110.00 Acres

      Diamond Residential Development Land

      110 Acres, High Development Potential in Illinois
      0 Berta Rd, Braceville, IL 60416
      View Details
    • $2,110,000
      7,225 SF

      Coal City O'Reilly Auto Parts

      Net-leased auto parts store, strong ROI.
      860 Division St, Coal City, IL 60416
      View Details
    • $1,950,000
      30.00 Acres

      Diamond Industrial Land: 30 Acres

      Prime Industrial Land, I-55 Frontage, Build-to-Suit Possible
      0 Spring Rd, Coal City, IL 60416
      View Details
    • $38,500
      0.35 Acres

      Residential Land in Coal City

      Single-family lot in Springhill Subdivision, near schools and downtown.
      937 Covey Ln, Coal City, IL 60416
      View Details
    • $45,000
      0.23 Acres

      Residential Lot in Farmstone Subdivision

      Residential lot in a desirable neighborhood with pond and amenities.
      1070 S Farmstone Dr, Diamond, IL 60416
      View Details
    • $36,500
      0.28 Acres

      Residential Lot in Springhill Subdivision

      Single-family lot in Coal City, build your dream home!
      935 Covey Ln, Coal City, IL 60416
      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.
    860 Division St
    Coal City, IL 60416
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    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.