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    Property profile & analytics

    2 Market St Shannon, IL 61078-9344

    • Retail space
    • 0.10 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US28-4205570
    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

    • Teresa Hammer Photography / Portrait Studio

    Property Details for 2 Market St

    Lot size
    0.10 lot acres
    Property type
    Retail space
    APN
    01-06-18-302-022
    APU
    10618302022

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Shannon
    County
    Carroll
    State
    Illinois
    Longitude
    -89.7393
    Latitude
    42.1548

    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
    $931
    $2,831
    $9,351
    $12,182
    -
    $8,502
    $28,081
    $36,583

    Comparable in this City

    • Value Estimation
      $275,000
      0.53 Acres

      10 Locust St

      RETAIL STORES (PERSONAL SERVICES) • 0.53 Acres
      10 Locust St, Shannon, IL 61078-9009
      View Details
    • Value Estimation by Request
      1,540 SF

      29 Market St

      RETAIL STORES (PERSONAL SERVICES) • 1,540 SF
      29 Market St, Shannon, IL 61078-9335
      View Details
    • Value Estimation by Request
      0.17 Acres

      418 Market St

      RETAIL STORES (PERSONAL SERVICES) • 0.17 Acres
      418 Market St, Shannon, IL 61078-9347
      View Details
    • Value Estimation
      $350,000
      2.01 Acres

      501 Market St

      CONVENIENCE STORE • 2.01 Acres
      501 Market St, Shannon, IL 61078-9360
      View Details
    • Value Estimation
      $295,000
      1.00 Acre

      24494 Payne Rd

      FINANCIAL BUILDING • 1.00 Acre
      24494 Payne Rd, Shannon, IL 61078-9251
      View Details
    • Value Estimation
      $350,000
      0.55 Acres

      1 Linn St

      FINANCIAL BUILDING • 0.55 Acres
      1 Linn St, Shannon, IL 61078-9035
      View Details

    Similar Nearby for Sale

    • $675,000
      Pending

      Shannon IL Multifamily Investment Opportunity

      Eight-unit multifamily property in Shannon, Illinois, with strong rental history.
      502-516 Cedar St, Shannon, IL 61078
      View Details
    • New
      Contact for pricing
      0.45 Acres

      Land in Peaceful Shannon Setting

      Building site with mature trees, ideal for walk-out lower level.
      609 S Cedar St, Shannon, IL 61078
      View Details
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    2 Market St
    Shannon, IL 61078-9344
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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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