Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    20 W Side Sq Macomb, IL 61455
    Property profile & analytics

    20 W Side Sq Macomb, IL 61455

    View on Map
    • Commercial real estate
    For Sale
    $180,000
    View Listing →
    Historic Downtown Macomb Commercial Building For Sale
    $180,000
    1,480 SF

    Historic Downtown Macomb Commercial Building

    Mixed-use building in historic downtown Macomb, Illinois.

    20 W SIDE Square, Macomb, IL 61455
    View Listing
    Property ID
    US28-3972700
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 20 W Side Sq

    Property type
    Commercial real estate
    APN
    11-100-210-00
    APU
    1110021000

    Description

    This exceptional commercial property, situated in historic downtown Macomb, Illinois, presents a unique investment opportunity. The building, located at 20 W SIDE Square, boasts a total of 3,960 square feet and offers versatile space ideal for a variety of uses. The main level features a sizable storefront exceeding 1000 square feet, showcasing tall ceilings with original tin detailing, large display windows, and a half bath. An adjacent unfinished area of approximately 480 square feet provides potential for expansion or additional office space. A separate, finished office/retail space on the main level includes a half bath, storage closet, and large windows, currently ready for rental. The upper level, currently gutted, presents a blank canvas for renovation into apartments or additional office space, featuring over 1000 square feet in the front and ample space in the rear, both with large windows offering downtown views. The property benefits from a new roof installed in April 2024, and the seller is offering a $20,000 credit towards recently purchased new windows. This prime downtown location offers high visibility and significant potential for growth. The property is priced at $190,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Macomb
    County
    Mcdonough
    State
    Illinois
    Longitude
    -90.6721
    Latitude
    40.4589
    CBSA code
    31380
    CBSA name
    MACOMB, 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
    2023
    $4,134
    $7,160
    $26,423
    $33,583
    -
    $21,480
    $79,269
    $100,749

    Comparable in this City

    • Value Estimation by Request

      Macomb, IL 61455

      COMMERCIAL (GENERAL)
      Macomb, IL 61455
      View Details
    • Value Estimation by Request
      0.96 Acres

      Macomb, IL 61455

      COMMERCIAL (GENERAL) • 0.96 Acres
      Macomb, IL 61455
      View Details
    • Value Estimation by Request

      Macomb, IL 61455

      COMMERCIAL (GENERAL)
      Macomb, IL 61455
      View Details
    • Value Estimation by Request
      0.62 Acres

      Macomb, IL 61455

      COMMERCIAL (GENERAL) • 0.62 Acres
      Macomb, IL 61455
      View Details
    • Value Estimation by Request
      0.06 Acres

      Macomb, IL 61455

      COMMERCIAL (GENERAL) • 0.06 Acres
      Macomb, IL 61455
      View Details
    • Value Estimation by Request
      0.53 Acres

      Macomb, IL 61455

      COMMERCIAL (GENERAL) • 0.53 Acres
      Macomb, IL 61455
      View Details

    Similar Nearby for Sale

    • $250,000
      3,994 SF

      Macomb Office Building - High Traffic Area

      Spacious Office, Ample Parking, Prime Location
      1034 Jackson St, Macomb, IL 61455
      View Details
    • $995,000
      6,672 SF

      High-Traffic Macomb Commercial Property

      Prime location, three buildings, 6,672 sq ft
      1719 Jackson St, Macomb, IL 61455
      View Details
    • $199,000

      Spacious Office Building For Sale

      Single-story office building with ample parking in high-traffic location.
      1034 W Jackson St, Macomb, IL 61455
      View Details
    • Contact for pricing

      Macomb Industrial Property for Sale

      Industrial property available for purchase in Macomb, Illinois.
      9715 Us Highway 136, Macomb, IL 61455
      View Details
    • $199,500
      3,780 SF

      Downtown Macomb Mixed-Use Investment

      Well-maintained mixed-use building on Macomb's historic downtown square.
      11 East Side Sq, Macomb, IL 61455
      View Details
    • Contact for pricing
      6,672 SF

      Commercial Property Near Retail Hub

      Commercial property with multiple buildings and business potential.
      1719 E Jackson St, Macomb, IL 61455
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,380 SF

      Retail Space on Main Corridor

      Retail space available on main retail corridor.
      1331-1335 E Jackson St, Macomb, IL 61455
      View Details
    • Contact for pricing

      Macomb Office Spaces Available

      Multiple office spaces for rent with included utilities and amenities.
      510 N Pearl St, Macomb, IL 61455
      View Details
    • Contact for pricing

      Spacious Office Space for Lease

      Large office space available for lease with utilities included.
      510 N Pearl St, Macomb, IL 61455
      View Details
    • Contact for pricing

      Office Space in Macomb, IL

      Office space for rent with utilities included in Macomb.
      1420 E Carroll St, Macomb, IL 61455
      View Details
    • Contact for pricing

      9.87 Acres Land For Rent

      9.87 acres of land available for rent.
      1600 E Jackson St, Macomb, IL 61455
      View Details
    • Contact for pricing
      1,000 SF

      Office/Flex/Retail Space For Lease

      Office, flex, or retail spaces available for lease.
      503 W Jackson St, Macomb, IL 61455
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    20 W Side Sq
    Macomb, IL 61455
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    20 W Side Sq, Macomb, IL, 61455
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!