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Property profile & analytics

221 5Th St Lacon, IL 61540

  • Commercial land
  • 0.00 lot acres
Value Estimation
Location Intelligence
Property ID
US28-3572675
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 221 5Th St

Lot size
0.00 lot acres
Property type
Commercial land
APN
04-26-480-016
APU
426480016

Description

This exceptional 2,267 square foot commercial property at 221 5th Street, Lacon, IL, presents a rare investment opportunity. Previously a bank, this historic building boasts stunning original features meticulously preserved. The interior showcases exquisite green and white tile work, imported carpeting, and impressive lighting fixtures, all contributing to a sophisticated and timeless ambiance. Two original bank vaults remain, one in the foyer and another in the basement, both in remarkably good condition – a unique selling point for any prospective buyer. The property's prime downtown Lacon location ensures high visibility and accessibility, making it ideal for a variety of commercial uses, including retail, office space, or even entertainment venues. The building's versatility allows for creative adaptation to suit diverse business needs. Furthermore, the roof was recently replaced in 2024, eliminating immediate maintenance concerns. This is a truly one-of-a-kind property offering a blend of historical charm and modern practicality. Don't miss this chance to own a piece of Lacon's history and establish your business in a vibrant downtown setting. The asking price is $59,000.

Value Estimation

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

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Lacon
County
Marshall
State
Illinois
Longitude
-89.4114
Latitude
41.0252
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
$43
$383
$0.00
$383
-
$1,149
$0.00
$1,149
More about this property
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