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    Property profile & analytics

    121 Elm St Franklin Grove, IL 61031-9500

    • Commercial real estate
    • 0.43 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Aug 03, 2022
    $45,500
    Location Intelligence
    Property ID
    US28-3720776
    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 121 Elm St

    Lot size
    0.43 lot acres
    Property type
    Commercial real estate
    APN
    06-09-01-153-016
    APU
    60901153016

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Franklin Grove
    County
    Lee
    State
    Illinois
    Longitude
    -89.2999
    Latitude
    41.841
    CBSA code
    19940
    CBSA name
    DIXON, IL MICROPOLITAN 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
    2021
    $2,919
    $7,162
    $27,456
    $34,618
    -
    $21,486
    $82,368
    $103,854

    Comparable in this City

    • Value Estimation by Request

      Franklin Grove, IL 61031

      COMMERCIAL (GENERAL)
      Franklin Grove, IL 61031
      View Details
    • Value Estimation by Request

      Franklin Grove, IL 61031

      COMMERCIAL (GENERAL)
      Franklin Grove, IL 61031
      View Details
    • Value Estimation by Request

      120 Ws St

      COMMERCIAL (GENERAL)
      120 Ws St, Franklin Grove, IL 61031-9521
      View Details
    • Value Estimation by Request
      0.12 Acres

      119 Elm St

      COMMERCIAL (GENERAL) • 0.12 Acres
      119 Elm St, Franklin Grove, IL 61031-9500
      View Details
    • Value Estimation
      $225,000
      0.27 Acres

      324 Elm St

      COMMERCIAL (GENERAL) • 0.27 Acres
      324 Elm St, Franklin Grove, IL 61031-9550
      View Details
    • Value Estimation
      $220,000
      0.08 Acres

      137 Elm St

      COMMERCIAL (GENERAL) • 0.08 Acres
      137 Elm St, Franklin Grove, IL 61031-9500
      View Details

    Similar Nearby for Sale

    • $140,000
      0.08 Acres

      Well-Maintained Commercial Building For Sale

      2400 sq ft commercial building with recent updates.
      116 W South St, Franklin Grove, IL 61031
      View Details
    • $1,500,000
      1.66 Acres

      Unique Multi-Building Hospitality Property

      Luxury accommodation with multiple residences and unique amenities.
      409 N State St, Franklin Grove, IL 61031
      View Details
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    121 Elm St
    Franklin Grove, IL 61031-9500
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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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