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    Property profile & analytics

    118 Chestnut St Gillespie, IL 62033-1503

    • Commercial real estate
    • 0.07 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jul 18, 2022
    $24,000
    Location Intelligence
    Property ID
    US28-3271154
    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 118 Chestnut St

    Lot size
    0.07 lot acres
    Property type
    Commercial real estate
    APN
    10-000-885-00
    APU
    1000088500

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gillespie
    County
    Macoupin
    State
    Illinois
    Longitude
    -89.8167
    Latitude
    39.126
    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
    $434
    $1,538
    $4,575
    $6,113
    -
    $4,614
    $13,725
    $18,339

    Comparable in this City

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      523 Henry St

      COMMERCIAL (GENERAL) • 0.67 Acres
      523 Henry St, Gillespie, IL 62033-1345
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      215 Macoupin St

      COMMERCIAL (GENERAL) • 0.03 Acres
      215 Macoupin St, Gillespie, IL 62033-1605
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    • Value Estimation by Request
      0.07 Acres

      202 Macoupin St

      COMMERCIAL (GENERAL) • 0.07 Acres
      202 Macoupin St, Gillespie, IL 62033-1604
      View Details
    • Value Estimation by Request
      0.06 Acres

      204 Macoupin St

      COMMERCIAL (GENERAL) • 0.06 Acres
      204 Macoupin St, Gillespie, IL 62033-1604
      View Details

    Similar Nearby for Sale

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      314 Macoupin St, Gillespie, IL 62033
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    • $39,500
      0.04 Acres

      Gillespie Storefront Opportunity For Sale

      Charming brick commercial building in high-traffic location, move-in ready!
      314 S Macoupin St, Gillespie, IL 62033
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    • Contact for pricing
      0.30 Acres

      Land in Gillespie, Illinois

      Residential land available in Gillespie, Illinois.
      201 Southern St, Gillespie, IL 62033
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    118 Chestnut St
    Gillespie, IL 62033-1503
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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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