Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    131 Veto St Chenoa, IL 61726

    • Commercial real estate
    For Sale
    View listing
    $69,900
    Value Estimation
    Last Sale
    Mar 04, 2025
    $70,000
    Location Intelligence
    Property ID
    US28-2716752
    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 131 Veto St

    Property type
    Commercial real estate
    APN
    03-02-481-007
    APU
    302481007

    Description

    This exceptional mixed-use property, located at 131 S Veto Street in historic downtown Chenoa, Illinois, presents a unique investment opportunity. The building offers 2,178 square feet of space, currently configured as two separate units with three bedrooms and two bathrooms. This versatile layout is ideal for a variety of uses, including office space, residential living, or a combination of both. The property's prime location in the heart of Chenoa's revitalized downtown area offers excellent visibility and accessibility. The charming atmosphere of downtown Chenoa, with its quaint shops and a local brewery, creates a vibrant and attractive environment for businesses and residents alike. The property is priced affordably at $69,900, making it an attractive investment for those seeking rental income or a business location with significant growth potential. This is a chance to own a piece of Chenoa's rich history while capitalizing on the town's promising future. The property sits on a 0-acre lot and offers a compelling blend of commercial and residential possibilities within a thriving community. This presents a rare opportunity to establish a presence in a desirable and growing market. Don't miss this chance to own a piece of Chenoa's vibrant downtown.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chenoa
    County
    Mclean
    State
    Illinois
    Longitude
    -88.7201
    Latitude
    40.7444
    CBSA code
    14010
    CBSA name
    BLOOMINGTON, 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
    2023
    $1,119
    $2,191
    $9,556
    $11,747
    -
    $6,573
    $28,668
    $35,241

    Comparable in this City

    • Value Estimation by Request

      Chenoa, IL 61726

      COMMERCIAL (GENERAL)
      Chenoa, IL 61726
      View Details
    • Value Estimation by Request
      0.37 Acres

      107 5th Ave

      COMMERCIAL (GENERAL) • 0.37 Acres
      107 5th Ave, Chenoa, IL 61726-1216
      View Details
    • Value Estimation by Request

      226 Grn St

      COMMERCIAL (GENERAL)
      226 Grn St, Chenoa, IL 61726-1176
      View Details
    • Value Estimation by Request

      103 Veto St

      COMMERCIAL (GENERAL)
      103 Veto St, Chenoa, IL 61726-1067
      View Details
    • Value Estimation by Request

      105 Veto St

      COMMERCIAL (GENERAL)
      105 Veto St, Chenoa, IL 61726-1067
      View Details
    • Value Estimation by Request
      1.30 Acres

      224 Veto St

      COMMERCIAL (GENERAL) • 1.30 Acres
      224 Veto St, Chenoa, IL 61726-1115
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.51 Acres

      Residential Land in Chenoa, Illinois

      0.51 acre lot ready for your dream home!
      11 Block, Chenoa, IL 61726
      View Details
    • $79,999
      2,400 SF

      Chenoa, IL Commercial Property

      Two Buildings, Ample Space, Great Potential
      410 Pickett St, Chenoa, IL 61726
      View Details
    • $69,900
      2,178 SF

      Downtown Chenoa Mixed-Use Property

      Prime Commercial Real Estate, High Growth Potential
      131 Veto St, Chenoa, IL 61726
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    131 Veto St
    Chenoa, IL 61726
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.