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    Property profile & analytics

    2 Adams St Sullivan, IL 61951-1943

    • Medical offices
    • 13,156 SF
    OFF-MARKET
    Value Estimation
    $645,000
    Location Intelligence
    Property ID
    US28-3887925
    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

    • Medical offices

    Property Details for 2 Adams St

    Year built
    1960
    Property size
    13,156 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    08-08-02-436-010
    APU
    80802436010

    Description

    This 26,000 square foot, two-story medical office building in Sullivan, IL, presents a compelling value-add investment opportunity. Located at 2 W Adams St, in the B2 Central Business District, this Class C property sits on a 0.43-acre lot and was built in 1979. Currently featuring a mix of tenants, including a major hospital tenant (vacating upon sale), a newly renovated cardiac therapy/PT gym, and a vacant dental office, this property offers significant potential for redevelopment and lease-up. The gross lease structure provides a straightforward income stream. The building's central location in downtown Sullivan offers convenient access to major roadways (IL-121 and IL-32) and ample parking. The asking price is $1,095,000 ($42.12/SF). Detailed financial information and lease details are available upon request and execution of a Non-Disclosure Agreement. This property represents a chance to capitalize on the growing healthcare needs of the Sullivan community. The APN is 08-08-02-436-008.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sullivan
    County
    Moultrie
    State
    Illinois
    Longitude
    -88.608
    Latitude
    39.5981

    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
    $35,185
    $0.00
    $381,390
    $381,390
    -
    $0.00
    $1,144,170
    $1,144,170

    Comparable in this City

    • Value Estimation
      $220,000
      1,208 SF

      221 Anderson St

      MEDICAL BUILDING • 1,208 SF
      221 Anderson St, Sullivan, IL 61951-1001
      View Details
    • Value Estimation by Request
      2,432 SF

      Sullivan, IL 61951

      MEDICAL BUILDING • 2,432 SF
      Sullivan, IL 61951
      View Details
    • Value Estimation
      $570,000
      5,998 SF

      7 Hawthorne Ln

      MEDICAL BUILDING • 5,998 SF
      7 Hawthorne Ln, Sullivan, IL 61951-9490
      View Details
    • Value Estimation by Request
      9,200 SF

      101 Jefferson St

      MEDICAL BUILDING • 9,200 SF
      101 Jefferson St, Sullivan, IL 61951-1914
      View Details
    • Value Estimation
      $590,000
      8,000 SF

      1220 Jackson St

      MEDICAL BUILDING • 8,000 SF
      1220 Jackson St, Sullivan, IL 61951-1032
      View Details
    • Value Estimation
      $100,000
      8,508 SF

      108 Harrison St

      MEDICAL BUILDING • 8,508 SF
      108 Harrison St, Sullivan, IL 61951-2002
      View Details
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    2 Adams St
    Sullivan, IL 61951-1943
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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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