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    613 Locust St Marshall, IL 62441

    • Commercial real estate
    • 0.86 lot acres
    For Sale
    View listing
    $841,375
    Value Estimation
    Location Intelligence
    Property ID
    US28-4353010
    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 613 Locust St

    Lot size
    0.86 lot acres
    Property type
    Commercial real estate
    APN
    08-08-24-06-102-014
    APU
    8082406102014

    Description

    This exceptional retail investment opportunity in Marshall, Illinois, presents a 13,394-square-foot building currently 100% occupied by a Dollar General and Marshall Liquor. The property, built in 2003 and situated on a 0.86-acre lot, offers a compelling net lease investment with a strong corporate guarantee. The lease commenced July 1, 2004, and extends until June 30, 2029, with two five-year renewal options, each including a $300 monthly rent bump. The property generates a substantial net operating income (NOI) of $67,308, resulting in an attractive 8.00% capitalization rate. This single-story building boasts high visibility and ample parking, situated in a thriving area with an average annual household income exceeding $94,000 within a three-mile radius. The property's location at 613 Locust Street, Marshall, IL 62441, places it in a prime retail location, ranking in the 80th percentile of Dollar General stores nationwide. This multi-tenant property offers a secure and profitable investment opportunity with significant upside potential. The asking price is $841,375.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Marshall
    County
    Clark
    State
    Illinois
    Longitude
    -87.6944
    Latitude
    39.3897

    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
    $8,790
    $34,775
    $92,587
    $127,362
    -
    $104,325
    $277,761
    $382,086

    Comparable in this City

    • Value Estimation by Request
      0.06 Acres

      620 Archer Ave

      COMMERCIAL (GENERAL) • 0.06 Acres
      620 Archer Ave, Marshall, IL 62441-1268
      View Details
    • Value Estimation by Request
      0.06 Acres

      516 Archer Ave

      COMMERCIAL (GENERAL) • 0.06 Acres
      516 Archer Ave, Marshall, IL 62441-1266
      View Details
    • Value Estimation by Request
      0.07 Acres

      515 Locust St

      COMMERCIAL (GENERAL) • 0.07 Acres
      515 Locust St, Marshall, IL 62441-1459
      View Details
    • Value Estimation by Request
      2.50 Acres

      National Rd

      COMMERCIAL (GENERAL) • 2.50 Acres
      National Rd, Marshall, IL 62441
      View Details
    • Value Estimation by Request
      0.18 Acres

      Marshall, IL 62441

      COMMERCIAL (GENERAL) • 0.18 Acres
      Marshall, IL 62441
      View Details
    • Value Estimation by Request
      5.13 Acres

      Marshall, IL 62441

      COMMERCIAL (GENERAL) • 5.13 Acres
      Marshall, IL 62441
      View Details

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    • $841,375
      13,394 SF

      Dollar General & Marshall Liquor

      Illinois Retail Investment: 8% Cap Rate
      613 Locust St, Marshall, IL 62441
      View Details
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    613 Locust St
    Marshall, IL 62441
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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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