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    Property profile & analytics

    114 Evans St Princeville, IL 61559

    • Commercial real estate
    For Sale
    View listing
    $160,000
    Value Estimation
    Location Intelligence
    Property ID
    US28-1047656
    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

    • Commercial real estate

    Property Details for 114 Evans St

    Property type
    Commercial real estate
    APN
    02-13-485-003
    APU
    213485003

    Description

    This 7,281 square foot commercial building located at 114 E Evans Street in Princeville, Illinois, presents a unique investment opportunity. Situated in the heart of Princeville's business district, this property boasts a prime location with high visibility and accessibility. Previously operating as a grocery store, the building offers a wealth of adaptable space. A former deli area features existing build-outs, making it ideally suited for a restaurant conversion. The current cargo door provides ample opportunity for the installation of a loading dock, perfect for retail or distribution businesses. The building's robust construction lends itself to various uses, including multi-tenant occupancy. The substantial square footage allows for creative layouts and diverse business models. This property is a blank canvas for entrepreneurs and investors seeking a strong foundation for their next venture. Its central location within the thriving Princeville business district ensures high foot traffic and excellent exposure. The adaptable layout and solid structure offer significant potential for a variety of commercial uses, making it an exceptional investment opportunity. The asking price is $160,000. Don't miss this chance to acquire a versatile commercial property in a desirable location.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Princeville
    County
    Peoria
    State
    Illinois
    Longitude
    -89.757
    Latitude
    40.9313
    CBSA code
    37900
    CBSA name
    PEORIA, IL 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
    2023
    $4,349
    $6,390
    $39,630
    $46,020
    -
    $19,170
    $118,890
    $138,060

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    114 Evans St
    Princeville, IL 61559
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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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