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Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Hotels
140 Ashland St, Morton, IL 61550
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US28-5219056
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2011
Total area
15,774 SF
Lot
1.69 ac (73,616 SF)
APN
06-06-17-200-024
UPID
US28-5219056
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$991k
Blend (final)
Blend
$905k
Owner & transaction history
Petersen Companies LLC · 18 yrs held
Petersen Companies LLC
since 2008
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.5M
+146.9%
Medical building
$1.4M
+132.4%
Auto repair, garage
$1.0M
+66.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Morton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$600,000
Current use
RESTAURANT
$1,485,000
Change: +147% · Conversion: Difficult
MEDICAL BUILDING
$1,400,000
Change: +132% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,000,000
Change: +66% · Conversion: Difficult
RETAIL STORES
$860,000
Change: +43% · Conversion: Difficult
WAREHOUSE, STORAGE
$670,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$905k
Range $815k – $996k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$57 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$93,825
Tax year 2023
Assessed value
$1,279,400
Assessed 2023
Previous assessed
$1,279,400
+0.0% YoY
Effective rate
7.33%
On assessed value
Assessed land
$148,720
Assessed improvement
$1,130,680
Land market value
$446,160
Improvement market value
$3,392,040
Total market value
$3,838,200
Applied tax rate
6,002.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2011
Heating
NONE
Stories
3
Units
30
Total area
15,774 SF
Lot
1.69 ac (73,616 SF)
APN
06-06-17-200-024
UPID
US28-5219056
Jurisdiction
TAZEWELL
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$600,000
RESTAURANT
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.0M
RETAIL STORES
Est. value
$860,000
WAREHOUSE, STORAGE
Est. value
$670,000
HOTEL/MOTEL Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2011
Heating
NONE
Stories
3
Units
30
Lot
1.69 ac
Current owner
From public records · entity-resolved
Petersen Companies LLC
Entity
Mailing address
830 W TRAILCREEK DR, PEORIA, IL 61614-1862
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2025
—
Petersen Companies LLC
—
Deed
related
$6,700,000 · David Campbell
Nov 13, 2024
—
Petersen Companies LLC
—
Deed
related
$15,000,000 · Dlp Bank
Feb 28, 2020
—
Petersen Companies LLC
—
Deed
related
$9,121,927 · Morton Community Bank
Feb 1, 2019
—
Petersen Companies LLC
—
Deed
related
$275,506 · Morton Community Bank
Jun 5, 2008
$475,000
Petersen Companies LLC
American Enterprise Bank
Grant Deed
$356,250 · Morton Community Bank
Feb 21, 2007
—
American Enterprise Bank
Sheriff Of Tazewell County
Trustees Deed
related
—
Nov 10, 2003
$815,000
Gas Mart INC
Koenig Oil Co INC
Grant Deed
$744,032 · American Enterprise Bank
Feb 23, 1999
—
Douglas Brothers
—
Deed Of Trust
related
$1,043,392 · Bank Of Maroa
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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