Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    540 5Th Ave Canton, IL 61520

    • Commercial real estate
    For Sale
    View listing
    $120,000
    Value Estimation
    Location Intelligence
    Property ID
    US28-4415264
    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 540 5Th Ave

    Property type
    Commercial real estate
    APN
    09-08-35-115-008
    APU
    90835115008

    Description

    This exceptional commercial property at 540 S 5th Avenue in Canton, Illinois, presents a unique investment opportunity. Situated on a 0.34-acre lot with convenient alley access, this 1,800 square foot building boasts a prime location along Illinois Routes 9 and 78, ensuring high visibility and traffic flow. The property has a rich history, originally constructed as a gas station in 1931, with additions of a car wash (1985) and truck testing station (1951), though these structures are currently inactive. For the past 24 years, the property has successfully operated as Automotive Diagnostics, an auto service center. All underground storage tanks have been removed, and a No Further Remediation (NFR) letter from the Illinois Environmental Protection Agency (IEPA) is available for review. The sale includes a 10,000-pound lift

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Fulton
    State
    Illinois
    Longitude
    -90.0278
    Latitude
    40.5488
    CBSA code
    37900
    CBSA name
    PEORIA, 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
    $2,330
    $10,380
    $13,280
    $23,660
    -
    $31,140
    $39,840
    $70,980

    Comparable in this City

    • Value Estimation by Request

      339 Main St

      COMMERCIAL (GENERAL)
      339 Main St, Canton, IL 61520-1825
      View Details
    • Value Estimation by Request

      406 Main St

      COMMERCIAL (GENERAL)
      406 Main St, Canton, IL 61520-1828
      View Details
    • Value Estimation by Request

      610 Main St

      COMMERCIAL (GENERAL)
      610 Main St, Canton, IL 61520-1251
      View Details
    • Value Estimation by Request

      42 Main St

      COMMERCIAL (GENERAL)
      42 Main St, Canton, IL 61520-2623
      View Details
    • Value Estimation by Request

      555 Main St

      COMMERCIAL (GENERAL)
      555 Main St, Canton, IL 61520-1829
      View Details
    • Value Estimation by Request

      230 Main St

      COMMERCIAL (GENERAL)
      230 Main St, Canton, IL 61520-1824
      View Details

    Similar Nearby for Sale

    • $299,000
      6,480 SF

      Downtown Canton Commercial Building

      Multi-unit building, prime location, great investment.
      162 Chestnut St, Canton, IL 61520
      View Details
    • $189,000
      940 SF

      Canton Commercial Property - Prime Location

      High-visibility office & warehouse, great investment!
      525 Linn St, Canton, IL 61520
      View Details
    • $100,000
      3,000 SF

      Canton Commercial Building - Huge Potential

      Prime Canton location, 3000 sq ft, AS IS.
      580 Linn St, Canton, IL 61520
      View Details
    • $129,000
      6,472 SF

      Downtown Canton Commercial Gem

      Prime location, high potential, 6,472 sq ft
      53 Elm St, Canton, IL 61520
      View Details
    • $120,000
      1,800 SF

      Canton Commercial Property: Prime Location

      High-traffic location, established business, AS IS.
      540 5Th Ave, Canton, IL 61520
      View Details
    • $365,000
      6,200 SF

      Canton Commercial Building - High Potential

      Busy road frontage, high income potential.
      125 Locust St, Canton, IL 61520
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    540 5Th Ave
    Canton, IL 61520
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.