Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    644 2Nd St Breese, IL 62230

    • Commercial real estate
    • 2,080 SF
    • 0.19 lot acres
    For Sale
    View listing
    $249,900
    Last Sale
    May 01, 2025
    $220,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-4791996
    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

    • Believe You Can Counseling and Education / Counselor
    • Helping Hands Executive Suites / Office Space Rental Agency

    Property Details for 644 2Nd St

    Year built
    2000
    Lot size
    0.19 lot acres
    Property size
    2,080 SF
    Zone code
    51
    Property type
    Commercial real estate
    APN
    06-06-22-159-027
    APU
    60622159027

    Description

    This exceptional 2100-square-foot commercial office building presents a fantastic opportunity in the heart of Breese, Illinois. Located at 644 N 2nd Street, this property sits on a 0.19-acre lot and offers a multitude of uses. Extensive renovations completed several years ago have transformed the space into a highly functional and attractive commercial property. The building boasts six individual offices, a welcoming reception area, a unisex bathroom, and a convenient break room. Modern light fixtures enhance the professional atmosphere. Ample off-street parking is available, complemented by convenient alley access, making loading and unloading efficient. The building's versatility makes it ideal for various business models, from hourly rental spaces to exclusive private offices. Heating is provided by a gas system, and the building features central air conditioning for year-round comfort. The roof was replaced in 2012, ensuring long-term structural integrity. This property is priced at $249,900 and offers an excellent return on investment for a savvy buyer. Don't miss this chance to acquire a prime commercial space in a thriving downtown location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Estimation
      $215,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $225,000
      6.5%
      $200,000
      7%
      $210,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $240,000
      Geo Method
      $195,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $240,000
      Retail
      $250,000
      Mixed-Use
      $215,000
      Hospitality
      $185,000
      Educational
      $190,000
      Residential Income
      $180,000
      Energy
      $230,000
      Income-Based Land
      $185,000
      Food Service
      $245,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Breese
    County
    Clinton
    State
    Illinois
    Longitude
    -89.5265
    Latitude
    38.6084
    CBSA code
    41180
    CBSA name
    ST. LOUIS, MO-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
    $4,337
    $18,020
    $41,200
    $59,220
    -
    $54,060
    $123,600
    $177,660

    Comparable in this City

    • Value Estimation by Request
      0.01 Acres

      7213 Cemetery Rd

      COMMERCIAL (GENERAL) • 0.01 Acres
      7213 Cemetery Rd, Saint Rose, IL 62230-4907
      View Details
    • Value Estimation by Request
      1,400 SF

      478 5th St

      COMMERCIAL (GENERAL) • 1,400 SF
      478 5th St, Breese, IL 62230
      View Details
    • Value Estimation by Request
      896 SF

      630 3rd St

      COMMERCIAL (GENERAL) • 896 SF
      630 3rd St, Breese, IL 62230-1515
      View Details
    • Value Estimation by Request
      0.16 Acres

      7725 Cemetery Rd

      COMMERCIAL (GENERAL) • 0.16 Acres
      7725 Cemetery Rd, Breese, IL 62230-4913
      View Details
    • Value Estimation
      $385,000
      5,694 SF

      9437 Holy Cross Ln

      COMMERCIAL (GENERAL) • 5,694 SF
      9437 Holy Cross Ln, Breese, IL 62230-3510
      View Details
    • Value Estimation by Request
      5,422 SF

      160 Main St

      COMMERCIAL (GENERAL) • 5,422 SF
      160 Main St, Breese, IL 62230-1630
      View Details

    Similar Nearby for Sale

    • $249,900
      0.19 Acres

      Downtown Breese Commercial Building

      Six-office building, ample parking, updated.
      644 2Nd St, Breese, IL 62230
      View Details
    • $1,200,000

      10.27 Acres Commercial Land

      10.27 acres of commercial land with highway frontage.
      9678 Holy Cross Ln, Breese, IL 62230
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    644 2Nd St
    Breese, IL 62230
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.