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    504 Edward St Henry, IL 61537

    • Commercial land
    • 0.29 lot acres
    For Sale
    View listing
    $129,900
    Value Estimation
    Location Intelligence
    Property ID
    US28-4296388
    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 land

    Property Details for 504 Edward St

    Lot size
    0.29 lot acres
    Property type
    Commercial land
    APN
    03-16-262-006
    APU
    316262006

    Description

    This expansive 4,400 square foot commercial building located at 504 Edward Street in Henry, Illinois presents a remarkable opportunity for a variety of businesses. The property boasts a large storefront and substantial shop areas, ideal for retail or industrial uses. A newer overhead door facilitates easy access for loading and unloading. The building is equipped for the potential installation of two bathrooms, adding to its versatility. The metal roof and updated gutters ensure low maintenance and long-term durability. A significant advantage is the expansive parking lot, providing ample space for customers and employees, or offering the possibility of future building expansion. Three-phase electrical service is already in place. The property's size and features make it well-suited for an auto repair shop, a commercial enterprise, or even the development of storage units. The diverse possibilities are complemented by its competitive asking price. Note that a 30-foot easement exists for the adjacent property's use for loading, unloading, and parking. This versatile commercial space is ready for its next chapter and offers significant potential for growth and profitability. Don't miss this chance to acquire a prime commercial property in a thriving location.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Henry
    County
    Marshall
    State
    Illinois
    Longitude
    -89.3562
    Latitude
    41.1124
    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
    2022
    $433
    $3,978
    $0.00
    $3,978
    -
    $11,934
    $0.00
    $11,934

    Comparable in this City

    • Value Estimation by Request

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    • Value Estimation by Request

      3rd St

      VACANT COMMERCIAL LAND
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    Similar Nearby for Sale

    • $129,900
      4,400 SF

      Henry, IL Commercial Building

      Spacious Retail/Land, High Potential
      504 Edward St, Henry, IL 61537
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    • $150,000

      Prime Henry Retail Space

      High-traffic Route 29 location, $150,000
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    • $119,900
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      Henry, IL Commercial Building

      Spacious building, great potential, priced to sell.
      504 Edward St, Henry, IL 61537
      View Details
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    Henry, IL 61537
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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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