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    Property profile & analytics

    112 Main St Lemont, IL 60439-3641

    • Retail space
    • 0.22 lot acres
    OFF-MARKET
    Value Estimation
    $860,000
    Last Sale
    Jan 16, 2025
    $750,000
    Location Intelligence
    Property ID
    US28-2035444
    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

    • Farmers Insurance - Guy Maniscalo / Life Insurance Agency / Motorcycle Insurance Agency
    • Atlas Insurance Brokerage / Auto Insurance Agency / Home Insurance Agency
    • Ray Cook: Allstate Insurance / Insurance Agency / Auto Insurance Agency
    • Midwest Crane Rental, Inc. / Equipment Rental Agency
    • American Minicrane LLC / Crane Rental Agency

    Property Details for 112 Main St

    Year built
    1882
    Lot size
    0.22 lot acres
    Property type
    Retail space
    Property subtype
    Storefront properties
    APN
    22-20-311-032
    APU
    2220311032

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $870,000

    • CAP approach

      CAP return
      Estimation
      6%
      $855,000
      6.5%
      $810,000
      7%
      $810,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $835,000
      Geo Method
      $840,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $695,000
      Retail
      $895,000
      Mixed-Use
      $850,000
      Hospitality
      $840,000
      Educational
      $830,000
      Residential Income
      $860,000
      Energy
      $695,000
      Income-Based Land
      $875,000
      Food Service
      $740,000

    Location Insight

    • Map
    • Local Demand
    City
    Lemont
    County
    Cook
    State
    Illinois
    Longitude
    -88.0025
    Latitude
    41.6731
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN 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
    $25,796
    $16,961
    $89,289
    $106,250
    -
    $67,844
    $357,156
    $425,000

    Comparable in this City

    • Value Estimation by Request
      38,500 SF

      1210 State St

      Neighborhood centers • 38,500 SF
      1210 State St, Lemont, IL 60439
      View Details
    • Value Estimation by Request
      0.07 Acres

      107 Stephen St

      STORE, RETAIL OUTLET • 0.07 Acres
      107 Stephen St, Lemont, IL 60439-3634
      View Details
    • Value Estimation by Request
      0.07 Acres

      211 Illinois St

      STORE, RETAIL OUTLET • 0.07 Acres
      211 Illinois St, Lemont, IL 60439-3611
      View Details
    • Value Estimation by Request
      0.15 Acres

      818 State St

      STORE, RETAIL OUTLET • 0.15 Acres
      818 State St, Lemont, IL 60439-3933
      View Details
    • Value Estimation
      $675,000
      0.23 Acres

      116 Main St

      STORE, RETAIL OUTLET • 0.23 Acres
      116 Main St, Lemont, IL 60439-3653
      View Details
    • Value Estimation
      $425,000
      2.52 Acres

      12371 Derby Rd

      STORE, RETAIL OUTLET • 2.52 Acres
      12371 Derby Rd, Lemont, IL 60439-9703
      View Details

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    Similar Nearby for Lease

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    112 Main St
    Lemont, IL 60439-3641
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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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