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    Property profile & analytics

    120 N Illinois St Lake City, IA 51449

    • Retail space
    • 1,833 SF
    • 0.13 lot acres
    For Sale
    View listing
    $115,000
    Value Estimation
    Location Intelligence
    Property ID
    US25-1115827
    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

    • Retail space

    Property Details for 120 N Illinois St

    Year built
    1900
    Lot size
    0.13 lot acres
    Property size
    1,833 SF
    Property type
    Retail space
    APN
    863307466001
    APU
    863307466001

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lake City
    County
    Calhoun
    State
    Iowa
    Longitude
    -94.7323
    Latitude
    42.2682

    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
    2018
    $2,680
    $5,490
    $117,210
    $122,700
    -
    $5,490
    $117,210
    $122,700

    Comparable in this City

    • Value Estimation by Request
      2,904 SF

      101 Ctr St

      RETAIL STORES (PERSONAL SERVICES) • 2,904 SF
      101 Ctr St, Lake City, IA 51449-1705
      View Details
    • Value Estimation by Request
      1,452 SF

      103 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,452 SF
      103 Main St, Lake City, IA 51449-1712
      View Details
    • Value Estimation by Request
      6,780 SF

      119 Ctr St

      RETAIL STORES (PERSONAL SERVICES) • 6,780 SF
      119 Ctr St, Lake City, IA 51449-1701
      View Details
    • Value Estimation by Request
      2,508 SF

      107 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,508 SF
      107 Main St, Lake City, IA 51449-1712
      View Details
    • Value Estimation
      $345,000
      1,196 SF

      1321 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,196 SF
      1321 Main St, Lake City, IA 51449-1585
      View Details
    • Value Estimation by Request
      2,640 SF

      114 Ctr St

      RETAIL STORES (PERSONAL SERVICES) • 2,640 SF
      114 Ctr St, Lake City, IA 51449-1706
      View Details

    Similar Nearby for Sale

    • $115,000

      Restored Carnegie Library Retail Space

      Historic Carnegie Library reimagined as a vibrant commercial space.
      120 N Illinois St, Lake City, IA 51449
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    • $35,000

      Prime Storefront in Lake City

      Commercial storefront on Main Street in thriving Lake City, Iowa.
      105 E Main St, Lake City, IA 51449
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    • $110,000

      Established Restaurant and Bar Fixture

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      116 N Illinois St, Lake City, IA 51449
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    • $149,900
      Pending

      Lake City Storage Facility For Sale

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      1301 E Main St, Lake City, IA 51449
      View Details
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    120 N Illinois St
    Lake City, IA 51449
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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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