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Property profile & analytics

124 River St Momence, IL 60954

  • Commercial real estate
  • 0.21 lot acres
Value Estimation
Last Sale
Aug 04, 2022
$475,000
Location Intelligence
Property ID
US28-3783698
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 124 River St

Lot size
0.21 lot acres
Property type
Commercial real estate
APN
05-11-19-104-021
APU
51119104021

Description

This exceptional 9,000-square-foot industrial/office building in Momence, Illinois, presents a fantastic investment opportunity. Located at 124 E River Street, the property boasts a versatile layout ideal for a variety of businesses. The building comprises 5,500 square feet of warehouse space and 3,500 square feet of well-appointed office space. The office area is thoughtfully designed with seven individual offices and an open bullpen area, providing flexibility for different work styles and team sizes. The building's M-1 Manufacturing District zoning allows for a wide range of industrial uses, expanding potential business applications. Recent improvements include a brand-new roof installed in 2024, ensuring long-term structural integrity and minimizing maintenance concerns. The heated warehouse space is equipped with a convenient locker room and three overhead doors – two measuring 14' x 9' and one measuring 8' x 8' – providing ample access for loading and unloading of materials and equipment. Ample parking is available, with convenient street parking directly in front of the building and approximately 50 public parking spaces situated across the street along the scenic Kankakee River. This property offers a unique blend of functionality, modern amenities, and a prime location, making it an attractive proposition for discerning investors and businesses seeking a well-maintained and versatile space. The asking price is $599,000.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $460,000
  • CAP approach

    CAP return
    Estimation
    6%
    $515,000
    6.5%
    $555,000
    7%
    $490,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $590,000
    Geo Method
    $475,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $540,000
    Retail
    $595,000
    Mixed-Use
    $555,000
    Hospitality
    $495,000
    Educational
    $480,000
    Residential Income
    $590,000
    Energy
    $500,000
    Income-Based Land
    $525,000
    Food Service
    $535,000

Location Insight

  • Map
  • Local Demand
City
Momence
County
Kankakee
State
Illinois
Longitude
-87.6616
Latitude
41.1625
CBSA code
28100
CBSA name
KANKAKEE-BRADLEY, IL 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
$9,363
$9,729
$108,592
$118,321
-
$29,187
$325,776
$354,963
More about this property
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