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    Property profile & analytics

    115 Main St Colfax, IL 61728-9265

    • Commercial real estate
    • 1,000 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US28-4291134
    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

    • Miller Insurance Agency / Auto Insurance Agency / Health Insurance Agency

    Property Details for 115 Main St

    Year built
    1919
    Construction
    CONCRETE
    Property size
    1,000 SF
    Property type
    Commercial real estate
    APN
    17-03-282-015
    APU
    1703282015

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Colfax
    County
    Mclean
    State
    Illinois
    Longitude
    -88.6154
    Latitude
    40.5673
    CBSA code
    14010
    CBSA name
    BLOOMINGTON, 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
    $570
    $700
    $5,412
    $6,112
    -
    $2,100
    $16,236
    $18,336

    Comparable in this City

    • Value Estimation by Request
      1,680 SF

      Colfax, IL 61728

      COMMERCIAL (GENERAL) • 1,680 SF
      Colfax, IL 61728
      View Details
    • Value Estimation by Request
      2,450 SF

      118 Main St

      COMMERCIAL (GENERAL) • 2,450 SF
      118 Main St, Colfax, IL 61728
      View Details
    • Value Estimation by Request
      1,300 SF

      113 Main St

      COMMERCIAL (GENERAL) • 1,300 SF
      113 Main St, Colfax, IL 61728-9265
      View Details
    • Value Estimation by Request

      111 Main St

      COMMERCIAL (GENERAL)
      111 Main St, Colfax, IL 61728
      View Details
    • Value Estimation by Request
      0.22 Acres

      109 Wn St

      COMMERCIAL (GENERAL) • 0.22 Acres
      109 Wn St, Colfax, IL 61728-8943
      View Details
    • Value Estimation by Request
      1,224 SF

      33016 2000th N Rd

      COMMERCIAL (GENERAL) • 1,224 SF
      33016 2000th N Rd, Colfax, IL 61728-9574
      View Details

    Similar Nearby for Sale

    • $300,000
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      Colfax Multifamily Investment Opportunity

      Ten-unit complex, USDA Section 515 program.
      320 Main St, Colfax, IL 61728
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    • $369,000

      101 Center St, Colfax, IL 61728

      Commercial real estate
      101 Center St, Colfax, IL 61728
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    • $1,386,000

      Productive Farmland with Creek Access

      77 acres of fertile, tileable land with high crop yields.
      77 E 2150 North Rd, Colfax, IL 61728
      View Details
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    115 Main St
    Colfax, IL 61728-9265
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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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