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    Property profile & analytics

    117 Jackson St Virden, IL 62690-1450

    • Commercial real estate
    • 0.12 lot acres
    OFF-MARKET
    Value Estimation
    $245,000
    Last Sale
    Feb 03, 2025
    Location Intelligence
    Property ID
    US28-0886678
    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 117 Jackson St

    Lot size
    0.12 lot acres
    Property type
    Commercial real estate
    APN
    08-000-446-00
    APU
    800044600

    Description

    This exceptional Virden, Illinois property at 117 E JACKSON Street presents a unique investment opportunity. Listed at $98,000, this mixed-use building offers a versatile main floor space perfect for a variety of commercial ventures. The open layout allows for customization to suit diverse business needs. Adding to the income potential are three one-bedroom apartments located on the upper level, along with a separate storage unit. This provides a strong rental income stream. Recent upgrades enhance the property's value and efficiency. A new water heater was installed in 2024. The main floor features modern air conditioning and ventless heating systems. Upstairs units are equipped with window air conditioners and electric baseboard heating. Utility responsibilities are clearly defined: the owner covers gas, water, and trash removal, while tenants are responsible for their electricity. Located in Macoupin County, Illinois, with a zip code of 62690, this property is situated at 39.5018622 latitude and -89.7672752 longitude. This is a five-unit property, combining commercial and residential space, making it an attractive investment for those seeking a blend of income streams and potential for business growth. The property is classified as Land, Multifamily, and Retail. Don't miss this chance to own a thriving commercial building with significant rental income potential.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $255,000

    • CAP approach

      CAP return
      Estimation
      6%
      $230,000
      6.5%
      $205,000
      7%
      $225,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $230,000
      Geo Method
      $210,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $190,000
      Retail
      $225,000
      Mixed-Use
      $195,000
      Hospitality
      $180,000
      Educational
      $225,000
      Residential Income
      $180,000
      Energy
      $195,000
      Income-Based Land
      $235,000
      Food Service
      $225,000

    Location Insight

    • Map
    • Local Demand
    City
    Virden
    County
    Macoupin
    State
    Illinois
    Longitude
    -89.7672
    Latitude
    39.502
    CBSA code
    41180
    CBSA name
    ST. LOUIS, MO-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
    2022
    $2,159
    $6,337
    $18,050
    $24,387
    -
    $19,011
    $54,150
    $73,161

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    117 Jackson St
    Virden, IL 62690-1450
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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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