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Financial
Distress signals
Property profile

121 W Ashland St Morton, IL 61550

FOR SALE
Auto shops
Property ID
US28-2921375
6,720 SF 2.45 ac lot Built 2022
Last sale Dec 2021 · $1,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
121 W Ashland St, Morton, IL 61550 For Sale 1 / 7
$299,900 6,720 SF
121 W Ashland St, Morton, IL 61550
View Listing

Property summary

AI-generated overview

This property is a restaurant site historically associated with Steak ’n Shake, an American casual restaurant chain with a hybrid fast-food-to-go and diner-style service format. Steak ’n Shake locations are configured to support multiple service types, including sit-down dining, drive-through service, and front window service. The property is located at 151 E Ashland St in Morton, Illinois, a village in Tazewell County within the Peoria Metropolitan Area, near the intersection of I-74 and I-155 and approximately midway between Peoria and Bloomington.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2023$206k
Assessed land$74k
Assessed improvement$133k

Value estimate

· Oct 2026
$175k
$158k – $193k
AI approach$175k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$85/SF
County average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$32 – $182

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionTAZEWELL

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency13.3
Law Firm12.4
Parking Facility11.0

Location

121 W Ashland St Morton, IL 61550
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

4 recorded sales · 12 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
340 Detroit, Morton, IL 61550-1987 $1,774,769 Mar 2024 9,750 SF
822 Main, Morton, IL 61550-1602 $300,000 Jan 2024 2,340 SF
108 Penn, Morton, IL 61550-1943 $225,000 Jan 2020 5,000 SF
528 Main, Morton, IL 61550-1941 $105,000 Feb 2019 1,288 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby

Comparable nearby

  • Value Estimation
    $540,000
    6,650 SF
    1040 Jefferson St
    AUTO REPAIR, GARAGE
    1040 Jefferson St, Morton, IL 61550-1504
    View Details
  • Value Estimation
    $565,000
    5,544 SF
    100 Detroit Pkwy
    AUTO REPAIR, GARAGE
    100 Detroit Pkwy, Morton, IL 61550-1857
    View Details
  • Value Estimation
    $230,000
    5,360 SF
    832 Main St
    AUTO REPAIR, GARAGE
    832 Main St, Morton, IL 61550-1602
    View Details
  • Value Estimation
    $220,000
    5,000 SF
    108 Penn Ave
    AUTO REPAIR, GARAGE
    108 Penn Ave, Morton, IL 61550-1943
    View Details
  • Value Estimation
    $1,775,000
    9,750 SF
    340 Detroit Ave
    AUTO REPAIR, GARAGE
    340 Detroit Ave, Morton, IL 61550-1987
    View Details
  • Value Estimation
    $255,000
    4,545 SF
    200 204th W Jackson St
    AUTO REPAIR, GARAGE
    200 204th W Jackson St, Morton, IL 61550
    View Details

Similar Nearby for Sale

  • New
    Contact for pricing
    15,000 SF
    Collision Repair Facility
    Occupied by Caliber Collision under an absolute corporate NNN lease with renewal options.
    340 Detroit Avenue, Morton, IL 61550
    View Details
  • New
    $895,000
    1.03 Acres
    Mixed-Use Entertainment Complex
    A gymnasium with substantial vertical clearance anchors a multi-purpose commercial building with on-site parking and B-3 zoning.
    332 DETROIT Avenue, Morton, IL 61550
    View Details

Similar Nearby for Lease

  • New
    Contact for pricing
    Retail Space on South Main
    Retail space for rent in a high-traffic commercial district.
    600 S. Main St., Morton, IL 61550
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  • Contact for pricing
    Retail Space in Anchored Plaza
    Two retail suites are available in a plaza with established national franchise co-tenancy.
    939 West Jackson Street, Morton, IL 61550
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  • New
    Contact for pricing
    Windowed Retail Space
    Lease opportunity in a Kroger-anchored center with abundant parking and strong natural light.
    1035 W Jackson St, Morton, IL 61550
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  • Contact for pricing
    20,323 sqft
    Morton Retail and Office Spaces
    Retail and office suites available in Morton, Illinois.
    1909-2141 S Main St, Morton, IL, USA, Morton, IL 61550
    View Details
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