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Property profile & analytics
OFF-MARKET
Commercial real estate
102 Hitt St Mount Morris, IL 61054-1220
Individually Owned
5-yr Hold
Free & Clear
Property ID
US28-2981859
Property summary
AI-generated overview
This 1970-built, single-story mixed-use property at 102 E Hitt St, Mount Morris, IL 61054, is offered at $185,000. Situated on a 0.23-acre lot in the TIF District, this building boasts excellent visibility with an average daily traffic count exceeding 4,000 vehicles. Recent updates include a freshly painted exterior, central air conditioning, and updated bathrooms (two total). The interior features an open-concept layout, ideal for customization, along with an office area equipped with wash sinks. Ample parking is available for patrons. This prime corner location offers a drive-thru, adding to its versatility and appeal. The property presents a unique opportunity for various business ventures. While the property is a fixer-upper, it benefits from its location and existing improvements. Note that this property is a foreclosure.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
0.23 ac (10,019 SF)
APN
08-26-152-009
UPID
US28-2981859
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Snyder's Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Thomas E Felker · 5 yrs held
Thomas E Felker
since 2021
Last sale
$100,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Mount Morris submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Morris submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,293
Tax year 2023
Assessed value
$34,076
Assessed 2023
Previous assessed
$34,076
+0.0% YoY
Effective rate
9.66%
On assessed value
Assessed land
$15,144
Assessed improvement
$18,932
Land market value
$45,432
Improvement market value
$56,796
Total market value
$102,228
Applied tax rate
1,640.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
0.23 ac (10,019 SF)
APN
08-26-152-009
UPID
US28-2981859
Jurisdiction
OGLE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
0.23 ac
Current owner
From public records · entity-resolved
Thomas E Felker
Individual
Free & Clear · 5 yrs held
Mailing address
2086 E OAK GRV RD, BYRON, IL 61010-9611
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2021
$100,000
Thomas E Felker
Richard L Mongan
Warranty Deed
—
Oct 29, 2018
—
Richard L Mongan
—
Deed
related
$58,540 · Byron Bk
Oct 7, 2005
$50,000
Richard L Mongan
H John Carbaugh
Joint Tenancy Deed
related
$80,000 · Byron Bank
—
—
Richard L Mongan
—
Loan Modification
related
$58,540 · Byron Bk
—
—
Richard L Mongan
—
Loan Modification
related
$70,077 · Byron Bank
—
—
Richard L Mongan
—
Loan Modification
related
$74,019 · Byron Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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