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    Property profile & analytics

    1403 Ferdon St Litchfield, IL 62056

    • Commercial real estate
    • 4.10 lot acres
    For Lease
    View listing
    Value Estimation
    $1,565,000
    Location Intelligence
    Property ID
    US28-4094927
    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

    • Pro Wildlife and Rodent Removal Central Illinois / Animal Control Service / Bird Control Service
    • Engles Leif F DDS / Dentist
    • Subway / Caterer / Sandwich Shop
    • Rent-A-Center / Furniture Store / Appliance Store
    • Lily Nails & Spa / Nail Salon

    Property Details for 1403 Ferdon St

    Lot size
    4.10 lot acres
    Property type
    Commercial real estate
    APN
    10-32-100-017
    APU
    1032100017

    Description

    Litchfield Crossing, located at 1403 W Ferdon St, Litchfield, IL 62056, offers an exceptional opportunity for retail businesses seeking space in a vibrant Illinois community. This multi-tenant retail property boasts a total of 34,522 square feet, currently entirely vacant and available for lease. The property offers flexible space options, with units ranging from a minimum of 1,423 square feet to a maximum contiguous space of 7,804 square feet. Eleven individual spaces are available, providing ample opportunity for a variety of retail concepts. The property's location in Litchfield, IL provides excellent visibility and accessibility for customers. This is an ideal opportunity for businesses looking to establish or expand their presence in a thriving market. The entire 34,522 square feet is currently available, allowing for a single large tenant or multiple smaller businesses to occupy the space. Interested parties are encouraged to inquire about lease terms and availability. The property is situated at 39.183609358587944 latitude and -89.67037411213622 longitude.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Litchfield
    County
    Montgomery
    State
    Illinois
    Longitude
    -89.6704
    Latitude
    39.184

    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
    $61,325
    $69,680
    $630,000
    $699,680
    -
    $209,040
    $1,890,000
    $2,099,040

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    Litchfield, IL 62056
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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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