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Property profile & analytics
FOR SALE
Industrial properties
1604 N Illinois St, Swansea, IL 62226
Individually Owned
Free & Clear
Property ID
US28-0028139
For Sale
1 / 8
$2,000,000
1604 N Illinois St, Swansea, IL 62226
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1986
Construction
STEEL FRAME
Total area
15,000 SF
Lot
2.03 ac (88,427 SF)
APN
08-16-0-407-007
UPID
US28-0028139
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
$465k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$586k
Blend (final)
Blend
$555k
Owner & transaction history
People Of The State Of Illinois
People Of The State Of Illinois
since 2026
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Swansea submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Swansea 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
$465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$685,000
Current use
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$37 / 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
$17,918
Tax year 2023
Assessed value
$209,535
Assessed 2023
Previous assessed
$209,535
+0.0% YoY
Effective rate
8.55%
On assessed value
Assessed land
$27,208
Assessed improvement
$182,327
Land market value
$81,624
Improvement market value
$546,981
Total market value
$628,605
Applied tax rate
7,010.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Sale
Year built
1986
Construction
STEEL FRAME
Heating
NONE
Total area
15,000 SF
Lot
2.03 ac (88,427 SF)
APN
08-16-0-407-007
UPID
US28-0028139
Jurisdiction
ST CLAIR
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
INDUSTRIAL (GENERAL) Current
Est. value
$685,000
INDUSTRIAL (GENERAL) Current
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
1986
Construction
STEEL FRAME
Heating
NONE
Lot
2.03 ac
Current owner
From public records · entity-resolved
People Of The State Of Illinois
Individual
Free & Clear · 0 yrs held
Mailing address
1604 N ILLINOIS ST, SWANSEA, IL 62226-3945
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2026
—
People Of The State Of Illinois
Jarvis Companies
Warranty Deed
—
Oct 31, 2022
—
Ajrvis Companyies INC
—
Deed
related
$400,000 · Dieterich Bank NA
Nov 29, 2021
$800,000
Compaines INC
Imboden Proeprties LLC
Warranty Deed
$680,000 · Dieterich Bank NA
Jan 10, 2020
—
Imboden Properties LLC
—
Deed
related
$20,459 · Fcb Bk
Dec 18, 2019
—
Imboden Properties LLC
—
Deed
related
$722,241 · Fcb Banks
Aug 31, 2018
$525,000
Jarvis Companies INC
Klemme Cap Invs LLC Series 6
Warranty Deed
$445,000 · Dieterich Bk NA
Jan 26, 2018
—
Imboden Properties LLC
—
Deed
related
$150,000 · Fcb Bk
Jun 13, 2017
$375,000
Klemme Cap Investments LLC
Ds Holdings LLC
Warranty Deed
$372,000 · First Nat'l Bk/waterloo
Mar 3, 2006
$160,000
Ds Holdings LLC
Imboden Properties LLC
Warranty Deed
related
$160,000 · Associated Bank
Jun 2, 2005
$300,000
Imboden Properties LLC
Young,bruce K
Grant Deed
$295,000 · Bank Of Edwardsville
Feb 18, 2004
$803,000
Ds Holdings LLC
Young,bruce K
Grant Deed
related
$802,700 · Associated Bank
Nov 12, 1996
$400,000
Bruce K Young
Young Lumber & Supply Co
Grant Deed
related
$380,000 · Seller
—
—
Ds Holdings LLC
—
Deed Of Trust
related
$15,000 · Associated Bank
—
—
Ds Holdings LLC
—
Deed Of Trust
related
$411,000 · Small Business Growth Corp
—
—
Ds Holdings LLC
—
Deed Of Trust
related
$350,000 · Associated Bank Illinois NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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