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    Property profile & analytics

    111 Main St Farmer City, IL 61842-1486

    • Office Properties & Spaces
    • 2,300 SF
    OFF-MARKET
    Value Estimation
    Last Sale
    Aug 30, 2023
    $35,000
    Location Intelligence
    Property ID
    US28-3843805
    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

    • Peithmann Ortheldo A / Attorney

    Property Details for 111 Main St

    Year built
    1938
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Property size
    2,300 SF
    Property type
    Office Properties & Spaces
    APN
    05-28-338-005
    APU
    528338005

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Farmer City
    County
    De Witt
    State
    Illinois
    Longitude
    -88.6423
    Latitude
    40.2437

    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
    $1,216
    $4,826
    $7,911
    $12,737
    -
    $38,215
    $0.00
    $38,215

    Comparable in this City

    • Value Estimation by Request
      1,936 SF

      108 Main St

      OFFICE (GENERAL) • 1,936 SF
      108 Main St, Farmer City, IL 61842-1454
      View Details
    • Value Estimation by Request
      2,640 SF

      223 Main St

      OFFICE (GENERAL) • 2,640 SF
      223 Main St, Farmer City, IL 61842-1455
      View Details
    • Value Estimation
      $375,000
      4,992 SF

      Summer Dr

      OFFICE (GENERAL) • 4,992 SF
      Summer Dr, Farmer City, IL 61842
      View Details
    • Value Estimation by Request
      1,368 SF

      222 Main St

      OFFICE (GENERAL) • 1,368 SF
      222 Main St, Farmer City, IL 61842-1456
      View Details
    • Value Estimation by Request
      7,364 SF

      106 Main St

      OFFICE (GENERAL) • 7,364 SF
      106 Main St, Farmer City, IL 61842-1424
      View Details
    • Value Estimation
      $325,000
      1,259 SF

      Cor Of Grn

      OFFICE (GENERAL) • 1,259 SF
      Cor Of Grn, Farmer City, IL 61842
      View Details

    Similar Nearby for Sale

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      Central Illinois Commercial Land

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    • New
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      Commercial Land Ready For Development

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    • New
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      Moss Lake Acreage in Farmer City

      1.53 acre lot with lake views and utilities access.
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    • $275,517
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      Central Illinois Commercial Land

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    • $179,900
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      Restaurant/Retail Opportunity in Farmer City

      Turnkey restaurant or retail space on a busy street.
      401 W Clinton Ave, Farmer City, IL 61842
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    111 Main St
    Farmer City, IL 61842-1486
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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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