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Property profile & analytics

71 2Nd St Hume, IL 61932

  • Commercial real estate
  • 0.35 lot acres
Value Estimation
Location Intelligence
Property ID
US28-3980516
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 71 2Nd St

Lot size
0.35 lot acres
Property type
Commercial real estate
APN
15-02-31-331-004
APU
150231331004

Description

This exceptional 2,100-square-foot mixed-use building, constructed in 2013, presents a lucrative investment opportunity in the thriving town of Hume, Illinois. Located at 71 W 2nd Street, the property boasts a custom design perfectly suited for a variety of commercial ventures. The building currently operates as a leased establishment, generating consistent rental income. The interior layout is highly functional, featuring two distinct serving areas, ideal for food service or retail operations. Two well-appointed bathrooms cater to both staff and customers. A fully equipped commercial kitchen is a significant asset, complete with four large commercial freezer/refrigerator storage units, ensuring ample capacity for food storage and preparation. Beyond the main commercial space, the building includes dedicated office areas and substantial dry storage space, providing versatility and adaptability to various business needs. The property sits on a lot with no acreage, making it easily manageable and low-maintenance. The asking price of $197,500 represents an excellent value for a turnkey commercial property in a desirable location. This is a rare opportunity to acquire a well-established, income-producing asset with significant potential for future growth and expansion. The current tenant, Twisted Piston, demonstrates the building's suitability for a thriving business. This property is ready for immediate occupancy and income generation.

Value Estimation

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

    CAP return
    Estimation
    Estimation
    $265,000
  • CAP approach

    CAP return
    Estimation
    6%
    $300,000
    6.5%
    $325,000
    7%
    $325,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $290,000
    Geo Method
    $325,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $320,000
    Retail
    $265,000
    Mixed-Use
    $310,000
    Hospitality
    $315,000
    Educational
    $315,000
    Residential Income
    $340,000
    Energy
    $285,000
    Income-Based Land
    $335,000
    Food Service
    $310,000

Location Insight

  • Map
  • Local Demand
City
Hume
County
Edgar
State
Illinois
Longitude
-87.8718
Latitude
39.7965

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
$2,966
$470
$42,330
$42,800
-
$1,410
$126,990
$128,400
More about this property
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