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    Property profile & analytics

    306 Harlan St Neponset, IL 61345

    • Commercial real estate
    • 2.47 lot acres
    For Sale
    View listing
    $70,000
    Value Estimation
    Location Intelligence
    Property ID
    US28-3891448
    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 306 Harlan St

    Lot size
    2.47 lot acres
    Property type
    Commercial real estate
    APN
    19-10-426-001
    APU
    1910426001

    Description

    This exceptional commercial property at 306 N Harlan Street, Neponset, Illinois, presents a significant opportunity for investors and entrepreneurs. The property boasts a substantial 11,436 square feet of space, situated on a generous 2.3-acre lot. The main structure is a steel building, originally constructed in 1970 (4,680 sq ft), featuring a concrete Butler building design. A substantial addition, completed in 1991, adds 6,756 square feet of versatile shop space. This addition is equipped with robust 10-inch thick concrete floors, ensuring durability and longevity. Practical features include exhaust fans, hanging gas forced air furnaces, a convenient loading dock, and multiple overhead doors, facilitating efficient operations. The entire building is fully insulated, providing energy efficiency. While the building and exterior show some signs of wear, with minor repairs and cosmetic updates, it could be readily adapted for a wide range of commercial uses. The front office area requires roof replacement. Note that a cell tower located on a separate parcel is not included in this sale. This property is ideal for businesses seeking ample space and a strategic location, or for those looking for a large-scale storage facility. The combination of size, location, and potential makes this a truly compelling investment opportunity.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $250,000

    • CAP approach

      CAP return
      Estimation
      6%
      $315,000
      6.5%
      $300,000
      7%
      $325,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $275,000
      Geo Method
      $360,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $280,000
      Retail
      $320,000
      Mixed-Use
      $290,000
      Hospitality
      $385,000
      Educational
      $295,000
      Residential Income
      $280,000
      Energy
      $355,000
      Income-Based Land
      $315,000
      Food Service
      $315,000

    Location Insight

    • Map
    • Local Demand
    City
    Neponset
    County
    Bureau
    State
    Illinois
    Longitude
    -89.7842
    Latitude
    41.2997
    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
    $1,965
    $9,516
    $12,929
    $22,445
    -
    $28,548
    $38,787
    $67,335

    Comparable in this City

    • Value Estimation by Request
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      101 Es St, Neponset, IL 61345
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      103 3rd St

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      103 3rd St, Neponset, IL 61345-9303
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      308 Bureau St

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      Depot St

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      View Details
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    306 Harlan St
    Neponset, IL 61345
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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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