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    Property profile & analytics

    115 Market St Somonauk, IL 60552

    • Commercial real estate
    • 0.33 lot acres
    For Sale
    View listing
    $250,000
    Value Estimation
    Last Sale
    Jun 24, 2021
    $455,000
    Location Intelligence
    Property ID
    US28-1202921
    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

    • Peddlers Den, Inc. / Rubber Stamp Store / Service Establishment

    Property Details for 115 Market St

    Lot size
    0.33 lot acres
    Property type
    Commercial real estate
    APN
    18-32-481-019
    APU
    1832481019

    Description

    This stunning brick commercial building, located at 115 W Market Street in the heart of Somonauk, IL, presents a unique investment opportunity. The property boasts approximately 2,500 square feet of space, spread across two stories. Recent upgrades include a brand-new furnace and water heater, extensive electrical work, updated paint and flooring in the apartments, along with renovated kitchens and new appliances. The main floor offers approximately 1,230 square feet of versatile commercial space, featuring impressive 11-foot ceilings, a half-bath, and a dedicated workroom. Large vintage windows and a grand front door add to the building's character and charm. The expansive layout allows for flexible design to suit a variety of business needs. A full basement provides additional square footage, ideal for storage, a showroom, workspace, or other uses. Adding to the income potential, the property includes two updated, spacious one-bedroom apartments, currently ready for occupancy. High rental demand in the area ensures consistent occupancy. Tenants are responsible for their own gas and electric utilities

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $425,000

    • CAP approach

      CAP return
      Estimation
      6%
      $525,000
      6.5%
      $550,000
      7%
      $550,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $495,000
      Geo Method
      $575,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $485,000
      Retail
      $585,000
      Mixed-Use
      $595,000
      Hospitality
      $610,000
      Educational
      $550,000
      Residential Income
      $515,000
      Energy
      $570,000
      Income-Based Land
      $460,000
      Food Service
      $500,000

    Location Insight

    • Map
    • Local Demand
    City
    Somonauk
    County
    Dekalb
    State
    Illinois
    Longitude
    -88.6822
    Latitude
    41.6335
    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
    $3,367
    $19,965
    $17,809
    $37,774
    -
    $59,895
    $53,427
    $113,322

    Comparable in this City

    • Value Estimation by Request

      Market St

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      415 Market St, Somonauk, IL 60552-9791
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      120 Market St

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      120 Market St, Somonauk, IL 60552-3224
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    • Value Estimation by Request

      103 Burlington St

      COMMERCIAL (GENERAL)
      103 Burlington St, Somonauk, IL 60552
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    • Value Estimation by Request

      121 Dekalb St

      COMMERCIAL (GENERAL)
      121 Dekalb St, Somonauk, IL 60552-9122
      View Details
    • Value Estimation
      $305,000
      1.22 Acres

      650 Lasalle St

      COMMERCIAL (GENERAL) • 1.22 Acres
      650 Lasalle St, Somonauk, IL 60552-9563
      View Details

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    115 Market St
    Somonauk, IL 60552
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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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