Property profile

111 Main St Melvin, IL 60952

OFF-MARKET
Commercial real estate
Property ID
US28-3081754
2,000 SF 0.07 ac lot Built 1918
Individually Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1918
Total area 2,000 SF
Lot 0.07 ac (3,250 SF)
Zoning code B-1
APN 07-09-01-153-022
UPID US28-3081754

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

111 Main St Melvin, IL 60952
Melvin metro Census 961900 CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
$170k

Owner & transaction history

Zoning & alternative use

B-1 · Melvin, IL
Zoning description

(6) B-1 Highway Business District Permissive Uses: (a) Any permissive use of the R -1 Residential District, except dwellings may not be on the ground floor. (b) Automobile sales parking lot. (c) Bank, bowling alley, danc…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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