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    Property profile & analytics

    601 Ridge Ave Greenville, IL 62246

    • Commercial real estate
    • 480 SF
    • 0.45 lot acres
    For Sale
    View listing
    $120,000
    Value Estimation
    Last Sale
    Mar 08, 2021
    $85,000
    Location Intelligence
    Property ID
    US28-3216000
    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 601 Ridge Ave

    Year built
    1992
    Lot size
    0.45 lot acres
    Property size
    480 SF
    Property type
    Commercial real estate
    APN
    05-30-14-102-007
    APU
    53014102007

    Description

    This exceptional 4,704 square foot commercial property in Greenville, Illinois presents a unique opportunity for agricultural businesses. The property boasts a substantial 3,072 square foot storage building/shop, ideal for equipment, supplies, or inventory. An attached office space provides convenient administrative functions. The strategic location ensures easy access for large vehicles and deliveries, making it an efficient hub for operations. The property is situated on a 0-acre lot, offering ample space for maneuvering and storage. This is a rare chance to acquire a well-maintained facility in a prime agricultural area. Please note a 20-year non-compete clause restricts the sale or distribution of agricultural chemicals, seed, or fertilizer on the property following the sale. The seller will convey title via a special or limited warranty deed, subject to this restriction. This property is perfect for businesses seeking secure, accessible storage and a convenient workspace within a thriving agricultural community. Don't miss this chance to acquire a valuable asset in a desirable location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $80,000

    • CAP approach

      CAP return
      Estimation
      6%
      $75,000
      6.5%
      $85,000
      7%
      $70,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $85,000
      Geo Method
      $75,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $80,000
      Retail
      $60,000
      Mixed-Use
      $70,000
      Hospitality
      $60,000
      Educational
      $60,000
      Residential Income
      $65,000
      Energy
      $75,000
      Income-Based Land
      $80,000
      Food Service
      $70,000

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Bond
    State
    Illinois
    Longitude
    -89.4054
    Latitude
    38.8864
    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
    $2,846
    $5,870
    $25,883
    $31,753
    -
    $17,628
    $77,727
    $95,354

    Comparable in this City

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      Land • 5.75 Acres
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    • Value Estimation
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      9,000 SF

      712 Franklin Ave

      COMMERCIAL (GENERAL) • 9,000 SF
      712 Franklin Ave, Greenville, IL 62246-2018
      View Details

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    601 Ridge Ave
    Greenville, IL 62246
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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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