Financial
Distress signals
Property profile

389 Main St Marseilles, IL 61341

OFF-MARKET
Other commercial real estate
Property ID
US28-3877461
6,900 SF 0.15 ac lot Built 1990
Last sale Nov 2024 · $130,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a retail site featuring a 6,750-square-foot metal building located on three city lots. The building has a rubber-coated metal roof, includes two hanging furnaces, and features oversized 6-inch gutters. Electrical service is 200-amp, and the structure has a full unfinished basement. Building access is via the rear. The site also relates to two additional buildings at 393 Main St and 399 Main St, which are separate structures that are associated with the overall offering.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$6k
Tax billed · 2023
Assessed value$62k
Assessed land$10k
Assessed improvement$52k
Effective rate9.57%

Value estimate

· Sep 2026
$230k
$207k – $253k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$72/SF
ZIP average, outlier-cleaned · 37 recorded sales of this use type
Observed band · Q1–Q3$30 – $106
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLASALLE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency13.6
Dental Office12.5
Law Firm10.9

Location

389 Main St Marseilles, IL 61341
County assessor Recorded deeds · 2 transfers 7 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
158 Washington, Marseilles, IL 61341-1456 $330,000 Jan 2026 5,800 SF
140 Young, Marseilles, IL 61341-1892 $130,000 Jan 2025 5,138 SF
399 Main, Marseilles, IL 61341 $72,500 Nov 2024 4,800 SF
210 Commercial, Marseilles, IL 61341-1808 $198,000 Oct 2024 5,080 SF
330 Commercial, Marseilles, IL 61341-1810 $100,000 Sep 2023 5,878 SF
2526 Blf, Marseilles, IL 61341 $150,000 Jun 2023 7,450 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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