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    1117 Delaware St Fairfield, IL 62837

    • Commercial real estate
    For Sale
    View listing
    $625,000
    Value Estimation
    Location Intelligence
    Property ID
    US28-4476031
    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

    • J J's Package Store / Liquor Store

    Property Details for 1117 Delaware St

    Property type
    Commercial real estate
    APN
    22-50-024-002
    APU
    2250024002

    Description

    This exceptional commercial property, located at 1117 W Delaware Street in Fairfield, Illinois, presents a compelling investment opportunity. The building boasts a substantial 3,313 square feet of space, offering ample room for a variety of commercial uses. Situated on a conveniently sized 0.2-acre lot, the property provides sufficient outdoor space for parking, loading, or potential expansion. The asking price is $625,000, representing a strong value proposition in the Fairfield commercial real estate market. The property's address is highly visible and accessible, ensuring excellent exposure for any business operating from this location. The building's interior layout is adaptable and can be configured to suit the specific needs of a diverse range of commercial enterprises. Given its size, location, and price point, this property is well-suited for businesses seeking a prominent presence in the heart of Fairfield. Serious inquiries are encouraged to explore the potential of this significant commercial asset. The property is offered as-is. Further details regarding the building's specifications and potential uses are available upon request. Don't miss this chance to acquire a valuable piece of Fairfield commercial real estate.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fairfield
    County
    Wayne
    State
    Illinois
    Longitude
    -88.3759
    Latitude
    38.379

    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
    2023
    $6,059
    $3,738
    $59,759
    $63,497
    -
    $11,214
    $179,277
    $190,491

    Comparable in this City

    • Value Estimation by Request
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      Fairfield, IL 62837

      COMMERCIAL (GENERAL)
      Fairfield, IL 62837
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    • Value Estimation by Request

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    • Value Estimation by Request

      Fairfield, IL 62837

      COMMERCIAL (GENERAL)
      Fairfield, IL 62837
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    • Value Estimation by Request

      Fairfield, IL 62837

      COMMERCIAL (GENERAL)
      Fairfield, IL 62837
      View Details
    • Value Estimation by Request

      Fairfield, IL 62837

      COMMERCIAL (GENERAL)
      Fairfield, IL 62837
      View Details

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    1117 Delaware St
    Fairfield, IL 62837
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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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