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    Property profile & analytics

    1240 Chicago Ave Savanna, IL 61074-2306

    • Drive through restaurants
    • 1.56 lot acres
    OFF-MARKET
    Value Estimation
    $320,000
    Location Intelligence
    Property ID
    US28-3718978
    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

    • Drive through restaurants

    Property Details for 1240 Chicago Ave

    Lot size
    1.56 lot acres
    Property type
    Drive through restaurants
    APN
    08-07-11-100-032
    APU
    80711100032

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Savanna
    County
    Carroll
    State
    Illinois
    Longitude
    -90.1337
    Latitude
    42.09

    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
    $0.00
    $90,074
    $206,381
    $296,455
    -
    $270,492
    $619,763
    $890,255

    Comparable in this City

    • Value Estimation
      $395,000
      5.54 Acres

      1030 Via Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 5.54 Acres
      1030 Via Rd, Savanna, IL 61074-2534
      View Details
    • Value Estimation by Request
      0.81 Acres

      44 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 0.81 Acres
      44 Main St, Savanna, IL 61074-1930
      View Details
    • Value Estimation by Request
      1,960 SF

      402 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,960 SF
      402 Main St, Savanna, IL 61074-1536
      View Details
    • Value Estimation
      $350,000
      1,056 SF

      701 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,056 SF
      701 Main St, Savanna, IL 61074-1318
      View Details
    • Value Estimation
      $245,000
      0.34 Acres

      708 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 0.34 Acres
      708 Main St, Savanna, IL 61074-1319
      View Details
    • Value Estimation
      $275,000
      0.32 Acres

      800 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 0.32 Acres
      800 Main St, Savanna, IL 61074-1321
      View Details

    Similar Nearby for Sale

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      Commercial Property with Apartment

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    • $160,000
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      Savanna Commercial Property with Apartment

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    • New
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      Savanna Commercial Property: High Visibility Corner Lot

      Prime Commercial Space, High Traffic Area, Income Potential
      1319 Chicago Ave, Savanna, IL 61074
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    • $137,500
      2,712 SF

      Savanna Duplex with Rehab Potential

      Two-unit duplex in Savanna, Illinois, ready for renovation.
      603 3Rd St, Savanna, IL 61074
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    • Contact for pricing
      0.41 Acres

      Savanna, IL Land For Sale

      Three city lots with utilities available in Savanna, Illinois.
      1611 Portland Ave, Savanna, IL 61074
      View Details
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    1240 Chicago Ave
    Savanna, IL 61074-2306
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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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