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    401 Bishop Hill St Bishop Hill, IL 61419

    • Commercial real estate
    • 0.15 lot acres
    For Sale
    View listing
    $169,000
    Value Estimation
    Location Intelligence
    Property ID
    US28-3465903
    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 401 Bishop Hill St

    Lot size
    0.15 lot acres
    Property type
    Commercial real estate
    APN
    23-14-279-008
    APU
    2314279008

    Description

    This exceptional commercial property, located at 401 N Bishop Hill Street in Bishop Hill, Illinois, presents a rare investment opportunity. Priced at $169,000, this 0.15-acre lot features a charming, single-building storefront originally constructed in 1918. The building boasts a rich history, having served as Spet's Grocery Store, and more recently, as the home of Entwined and the Krans Kafe. Both businesses have since relocated within the town, leaving this remodeled space immediately available for a new owner. Situated on the main commercial street of Bishop Hill, this property benefits from high visibility and foot traffic. The building is in move-in condition, eliminating the need for extensive renovations, allowing for a quick start to operations. Its prime location and historical significance make it an ideal opportunity for a variety of retail businesses seeking a unique and established presence in this vibrant Illinois community. The property's zip code is 61419, and its coordinates are 41.2026066 latitude and -90.1185184 longitude. This is a truly unique chance to own a piece of Bishop Hill's history and establish a thriving business.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bishop Hill
    County
    Henry
    State
    Illinois
    Longitude
    -90.1182
    Latitude
    41.2026
    CBSA code
    19340
    CBSA name
    DAVENPORT-MOLINE-ROCK ISLAND, IA-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
    2021
    $786
    $676
    $11,324
    $12,000
    -
    $2,028
    $33,972
    $36,000

    Comparable in this City

    • Value Estimation by Request
      0.20 Acres

      101 Main St

      COMMERCIAL (GENERAL) • 0.20 Acres
      101 Main St, Bishop Hill, IL 61419
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    • Value Estimation by Request
      0.08 Acres

      Johnson St

      COMMERCIAL (GENERAL) • 0.08 Acres
      Johnson St, Bishop Hill, IL 61419
      View Details
    • Value Estimation by Request
      0.29 Acres

      203 Bishop Hl St

      COMMERCIAL (GENERAL) • 0.29 Acres
      203 Bishop Hl St, Bishop Hill, IL 61419-9803
      View Details
    • Value Estimation
      $130,000
      2,184 SF

      106 Bishop Hl St

      COMMERCIAL (GENERAL) • 2,184 SF
      106 Bishop Hl St, Bishop Hill, IL 61419-5001
      View Details
    • Value Estimation by Request
      832 SF

      303 Bishop Hl St

      COMMERCIAL (GENERAL) • 832 SF
      303 Bishop Hl St, Bishop Hill, IL 61419-9802
      View Details
    • Value Estimation by Request
      0.35 Acres

      205 Bishop Hl St

      COMMERCIAL (GENERAL) • 0.35 Acres
      205 Bishop Hl St, Bishop Hill, IL 61419-9803
      View Details
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    401 Bishop Hill St
    Bishop Hill, IL 61419
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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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