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    Property profile & analytics

    16 Wesley Ave Mount Morris, IL 61054-1449

    • Office Properties & Spaces
    OFF-MARKET
    Value Estimation
    $155,000
    Last Sale
    Mar 02, 2023
    $125,000
    Location Intelligence
    Property ID
    US28-0287321
    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

    • Kable News Co / Business Management Consultant

    Property Details for 16 Wesley Ave

    Property type
    Office Properties & Spaces
    APN
    08-27-431-011
    APU
    827431011

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mount Morris
    County
    Ogle
    State
    Illinois
    Longitude
    -89.4342
    Latitude
    42.0482
    CBSA code
    40300
    CBSA name
    ROCHELLE, 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
    2022
    $2,022
    $24,018
    $33,149
    $57,167
    -
    $72,054
    $99,447
    $171,501

    Comparable in this City

    • Value Estimation by Request
      1,920 SF

      1 Wesley Ave

      OFFICE (GENERAL) • 1,920 SF
      1 Wesley Ave, Mount Morris, IL 61054-1454
      View Details
    • Value Estimation by Request
      4,550 SF

      122 Wesley Ave

      OFFICE (GENERAL) • 4,550 SF
      122 Wesley Ave, Mount Morris, IL 61054-1451
      View Details
    • Value Estimation
      $180,000
      2,988 SF

      124 Wesley Ave

      OFFICE (GENERAL) • 2,988 SF
      124 Wesley Ave, Mount Morris, IL 61054-1451
      View Details
    • Value Estimation
      $195,000
      4,128 SF

      111 Hitt St

      OFFICE (GENERAL) • 4,128 SF
      111 Hitt St, Mount Morris, IL 61054-1225
      View Details
    • Value Estimation by Request
      770 SF

      119 Wesley Ave

      OFFICE (GENERAL) • 770 SF
      119 Wesley Ave, Mount Morris, IL 61054-1450
      View Details
    • Value Estimation by Request
      0.20 Acres

      423 Hitt St

      COMMERCIAL (GENERAL) • 0.20 Acres
      423 Hitt St, Mount Morris, IL 61054-1211
      View Details

    Similar Nearby for Sale

    • $199,500
      5,589 SF

      Versatile Building on Prime Lot

      Spacious 5,500+ sq ft building on 2.2-acre lot.
      405 Charles St, Mount Morris, IL 61054
      View Details
    • $399,000
      0.27 Acres

      Turnkey Restaurant Opportunity

      Restaurant, business, and building for sale in Mount Morris.
      10 E Hitt St, Mount Morris, IL 61054
      View Details
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    16 Wesley Ave
    Mount Morris, IL 61054-1449
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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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