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    Property profile & analytics

    102 1st Ave Forreston, IL 61030-9303

    • Turn key restaurants
    • 1,421 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US28-2866721
    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

    • Personal Protection Options / Firearms Academy

    Property Details for 102 1st Ave

    Property size
    1,421 SF
    Property type
    Turn key restaurants
    APN
    02-33-129-007
    APU
    233129007

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Forreston
    County
    Ogle
    State
    Illinois
    Longitude
    -89.5795
    Latitude
    42.1274
    CBSA code
    40300
    CBSA name
    ROCHELLE, 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
    2023
    $651
    $1,826
    $5,550
    $7,376
    -
    $5,478
    $16,650
    $22,128

    Comparable in this City

    • Value Estimation by Request
      3,483 SF

      8785 Baileyville Rd

      RESTAURANT • 3,483 SF
      8785 Baileyville Rd, Forreston, IL 61030-9328
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    • Value Estimation
      $215,000
      3,648 SF

      113 Main St

      RESTAURANT • 3,648 SF
      113 Main St, Forreston, IL 61030
      View Details
    • Value Estimation
      $280,000
      3,344 SF

      111 Main St

      RESTAURANT • 3,344 SF
      111 Main St, Forreston, IL 61030-7707
      View Details
    • Value Estimation
      $220,000
      3,564 SF

      311 Main St

      RESTAURANT • 3,564 SF
      311 Main St, Forreston, IL 61030
      View Details
    • Value Estimation
      $85,000
      2,178 SF

      103 Main St

      DEPARTMENT STORE • 2,178 SF
      103 Main St, Forreston, IL 61030
      View Details
    • Value Estimation by Request
      4,680 SF

      301 Walnut Ave

      GAS STATION • 4,680 SF
      301 Walnut Ave, Forreston, IL 61030-9750
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Vacant lot in Forreston with utilities ready for new construction.
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      Residential Lot in Desirable Forreston

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      Forreston Vacant Lot For Sale

      Vacant lot in Forreston with utilities, ready for construction.
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    • $64,900
      2.66 Acres

      Forreston Land with Buildable Lots

      2.66 acres with potential for residential or multifamily development.
      404 E Willow St, Forreston, IL 61030
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    • Contact for pricing

      Residential Lot in Forreston

      Vacant lot in Forreston ready for your dream home.
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    102 1st Ave
    Forreston, IL 61030-9303
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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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