Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    100 Rhodes St Centralia, IL 62801-2359
    Back to Search
    Property profile & analytics

    100 Rhodes St Centralia, IL 62801-2359

    View on Map
    • Commercial real estate
    • 1.09 lot acres
    Off-Market
    Last Sale Apr 15, 2025
    $233,208
    Property ID
    US28-4992149
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 100 Rhodes St

    Lot size
    1.09 lot acres
    Property type
    Commercial real estate
    APN
    1407000042
    APU
    1407000042

    Description

    This exceptional industrial property, located at 100 Rhodes St, Centralia, IL 62801, presents a significant investment opportunity. The property encompasses four buildings situated on a four-acre lot within Marion County. Designated as a single-tenant manufacturing facility, this property offers substantial space for a variety of industrial operations. The precise square footage of each building is not currently available, but the combined footprint is substantial. The property's location in Centralia, Illinois, provides convenient access to key transportation routes, facilitating efficient logistics and distribution. This sale includes the land and all existing buildings. The property is offered as a single, complete unit, ideal for a business seeking to establish or expand its manufacturing operations in a strategic location. Further details regarding the property's specifications, including building dimensions, utilities, and zoning information, are available upon request. Serious inquiries only. This is a rare opportunity to acquire a well-situated, established industrial property in a thriving area. The property is ready for immediate occupancy and offers significant potential for growth and profitability. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Centralia
    County
    Marion
    State
    Illinois
    Longitude
    -89.1327
    Latitude
    38.5366
    CBSA code
    16460
    CBSA name
    CENTRALIA, IL MICROPOLITAN 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
    $270
    $2,430
    $490
    $2,920
    -
    $7,290
    $1,470
    $8,760

    Comparable in this City

    • Value Estimation by Request

      104 Pine St

      Medical Office Space
      104 Pine St, Centralia, IL 62801
      View Details
    • Value Estimation by Request

      1420 Elm St

      COMMERCIAL (GENERAL)
      1420 Elm St, Centralia, IL 62801-2309
      View Details
    • Value Estimation by Request

      310 Elm St

      COMMERCIAL (GENERAL)
      310 Elm St, Centralia, IL 62801-3908
      View Details
    • Value Estimation by Request

      234 Elm St

      COMMERCIAL (GENERAL)
      234 Elm St, Centralia, IL 62801-3502
      View Details
    • Value Estimation by Request

      501 Franklin St

      COMMERCIAL (GENERAL)
      501 Franklin St, Centralia, IL 62801-3011
      View Details
    • Value Estimation by Request

      308 Gompers St

      COMMERCIAL (GENERAL)
      308 Gompers St, Centralia, IL 62801
      View Details

    Similar Nearby for Sale

    • $119,900
      3,155 SF

      High-Traffic Centralia Commercial Property

      Two Units, High Visibility, Great Investment
      803 Broadway St, Centralia, IL 62801
      View Details
    • $2,900,000
      6,400 SF

      Greenview Golf Course: Prime Investment

      146-Acre Golf Course, Restaurant, Banquet Hall
      2801 Putter Dr, Centralia, IL 62801
      View Details
    • $530,000
      2.61 Acres

      Centralia Commercial Land Opportunity

      High-traffic 2.61-acre commercial parcel.
      200 Brooks Ave, Centralia, IL 62801
      View Details
    • $49,900
      6,400 SF

      Centralia Commercial Building - Great Value

      Versatile warehouse space, ample parking, B-4 zoning.
      437 Poplar St, Centralia, IL 62801
      View Details
    • $150,000
      1,738 SF

      Centralia Commercial Property - High Visibility

      Prime Retail Space, Drive-Thru Potential, Leased
      1235 Broadway St, Centralia, IL 62801
      View Details
    • Contact for pricing

      Furnished Duplex in Centralia, IL

      Furnished duplex with rental income potential in Centralia, Illinois.
      404 N Beech St, Centralia, IL 62801
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,000 SF

      Dominant Shopping Center Retail Space

      Revitalized shopping center with diverse tenant mix and ample parking.
      1105 W Broadway, Centralia, IL 62801
      View Details
    • $10 SF/Yr
      2,000 SF

      Centralia Commercial Building For Lease

      2,000 SF commercial building in a major commercial district.
      735 W Broadway, Centralia, IL 62801
      View Details
    • Contact for pricing
      1,400 SF

      Dominant Shopping Center Retail Space

      Revitalized shopping center with diverse tenants and ample parking.
      1025 W Broadway, Centralia, IL 62801
      View Details
    • Contact for pricing
      2,000 SF

      Dominant Shopping Center Retail Space

      Revitalized shopping center with diverse tenants and ample parking.
      1063 W Broadway, Centralia, IL 62801
      View Details
    • Contact for pricing
      1,750 SF

      Dominant Shopping Center Space Available

      Retail and outparcel opportunities in revitalized Centralia shopping center.
      1161 W Broadway, Centralia, IL 62801
      View Details
    • Contact for pricing
      49,467 SF

      Dominant Shopping Center Retail Space

      Retail spaces available in a revitalized shopping center.
      1000 W Broadway, Centralia, IL 62801
      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.
    100 Rhodes St
    Centralia, IL 62801-2359
    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    100 Rhodes St, Centralia, IL, 62801
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!