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    414 Old Route 66 Litchfield, IL 62056

    • Commercial real estate
    For Sale
    View listing
    $600,000
    Value Estimation
    Last Sale
    Nov 22, 2024
    Location Intelligence
    Property ID
    US28-3636548
    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 414 Old Route 66

    Property type
    Commercial real estate
    APN
    10-32-456-019
    APU
    1032456019

    Description

    This exceptional 0.96-acre commercial land parcel presents a remarkable redevelopment opportunity in Litchfield, Illinois. Strategically located at 414 Old Route 66 North, this property boasts a highly visible corner location with excellent traffic flow. The site is zoned for commercial use and offers significant potential for a variety of businesses. Its prime position across from the renowned Route 66 Museum ensures high visibility and accessibility. The property benefits from substantial traffic counts, with 1,600 average daily trips (ADT) on Old Route 66 and 8,750 ADT on West Union Avenue, providing ample exposure to potential customers. This makes it an excellent site for retail establishments, banking institutions, convenience stores, or other service-based companies seeking a high-traffic location. The asking price is $600,000. The property's APN is 10-32-456-019. This is a rare opportunity to acquire a highly desirable commercial lot in a thriving community. Don't miss out on this chance to establish your business in a prime location on historic Route 66.

    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
    -89.6658
    Latitude
    39.1777

    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
    $27,561
    $45,890
    $268,560
    $314,450
    -
    $137,670
    $805,680
    $943,350

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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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