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Property profile & analytics

123 Main Ave Ladd, IL 61329

  • Commercial real estate
  • 0.14 lot acres
Value Estimation
Location Intelligence
Property ID
US28-3967700
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 123 Main Ave

Lot size
0.14 lot acres
Property type
Commercial real estate
APN
18-10-355-005
APU
1810355005

Description

This exceptional 8,000 square foot commercial building located at 123 S Main Avenue in Ladd, Illinois, presents a unique investment opportunity. The property is ideally suited for a variety of uses, offering significant flexibility for the discerning buyer. The lower level is currently configured as a fully operational restaurant, complete with a substantial commercial kitchen and a well-appointed bar area. This established setup provides a solid foundation for continued restaurant operations or a seamless transition to a different culinary concept. Ascending to the upper level reveals another bar, ready for immediate use, and a generously sized open space. This expansive area is perfectly adaptable to serve as a banquet hall, event venue, or any number of other commercial applications. The possibilities are truly limitless. The seller is motivated to sell and is offering attractive financing options, including owner financing or a land contract, to facilitate a smooth and efficient transaction. This presents a rare chance to acquire a substantial commercial property in a desirable location with considerable upside potential. The building's size and versatile layout make it an exceptional investment for both seasoned entrepreneurs and first-time commercial property owners. Don't miss this opportunity to own a piece of Ladd's vibrant commercial landscape.

Value Estimation

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

    CAP return
    Estimation
    Estimation
    $255,000
  • CAP approach

    CAP return
    Estimation
    6%
    $340,000
    6.5%
    $380,000
    7%
    $350,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $340,000
    Geo Method
    $385,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $365,000
    Retail
    $365,000
    Mixed-Use
    $300,000
    Hospitality
    $400,000
    Educational
    $345,000
    Residential Income
    $395,000
    Energy
    $300,000
    Income-Based Land
    $300,000
    Food Service
    $350,000

Location Insight

  • Map
  • Local Demand
City
Ladd
County
Bureau
State
Illinois
Longitude
-89.2187
Latitude
41.381
CBSA code
36837
CBSA name
OTTAWA, IL MICROPOLITAN 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
2022
$3,565
$3,940
$28,460
$32,400
-
$11,820
$85,380
$97,200
More about this property
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