Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    200 Munster St Germantown, IL 62245
    Back to Search
    Property profile & analytics

    200 Munster St Germantown, IL 62245

    View on Map
    • Commercial real estate
    • 1,940 SF
    • 0.39 lot acres
    For Sale
    $195,000
    View Listing →
    Prime Germantown Commercial Space For Sale
    $195,000

    Prime Germantown Commercial Space

    High-traffic corner lot, renovated building.

    Breese, IL 62245
    View Listing
    Property ID
    US28-1120214
    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 200 Munster St

    Year built
    1900
    Construction
    MIXED
    Lot size
    0.39 lot acres
    Property size
    1,940 SF
    Zone code
    51
    Property type
    Commercial real estate
    APN
    12-11-04-485-001
    APU
    121104485001

    Description

    This exceptional commercial property at 200 Munster Street in Germantown, Illinois, presents a wealth of possibilities. Situated on a highly visible 0.39-acre corner lot, this building offers unparalleled convenience and accessibility. Recently renovated, the interior boasts exposed original 11-foot ceilings, adding character and spaciousness. Two new bathrooms, updated light fixtures and ceiling fans, and pre-installed wiring for gaming machines, an ATM, and a house PA system enhance its functionality. The walls and ceilings are newly insulated, and the entire space is freshly painted. The property includes a large bar, a full kitchen, walk-in coolers, and a walk-up service window—ideal for food and beverage sales. A spacious open area provides flexibility for various uses, such as a stage and dance floor, seating arrangements, or merchandise displays. The expansive backyard features an outdoor game area with picnic tables, and a substantial 768 square foot garage offers ample storage. Previously operating as a bar and grill, this versatile property is well-suited for a wide range of commercial ventures. Its prime location and recent renovations make it an exceptional investment opportunity. The asking price is $195,000.

    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
    Germantown
    County
    Clinton
    State
    Illinois
    Longitude
    -89.5382
    Latitude
    38.5521
    CBSA code
    41180
    CBSA name
    ST. LOUIS, MO-IL METROPOLITAN 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
    $2,852
    $6,310
    $34,020
    $40,330
    -
    $18,930
    $102,060
    $120,990

    Comparable in this City

    • Value Estimation by Request
      1,380 SF

      603 Church St

      COMMERCIAL (GENERAL) • 1,380 SF
      603 Church St, Germantown, IL 62245
      View Details
    • Value Estimation
      $740,000
      9,030 SF

      1549 Lk Park Dr

      COMMERCIAL (GENERAL) • 9,030 SF
      1549 Lk Park Dr, Germantown, IL 62245-2172
      View Details
    • Value Estimation by Request
      1,708 SF

      505 Main St

      COMMERCIAL (GENERAL) • 1,708 SF
      505 Main St, Germantown, IL 62245
      View Details
    • Value Estimation by Request
      209 SF

      8556 Dr In Rd

      COMMERCIAL (GENERAL) • 209 SF
      8556 Dr In Rd, Germantown, IL 62245
      View Details
    • Value Estimation by Request
      4,180 SF

      508 Grn St

      COMMERCIAL (GENERAL) • 4,180 SF
      508 Grn St, Germantown, IL 62245-2763
      View Details
    • Value Estimation by Request
      2,040 SF

      606 Main St

      COMMERCIAL (GENERAL) • 2,040 SF
      606 Main St, Germantown, IL 62245
      View Details

    Similar Nearby for Sale

    • $195,000
      0.39 Acres

      Prime Germantown Commercial Space

      High-traffic corner lot, renovated building.
      200 Munster St, Germantown, IL 62245
      View Details
    • $1,149,000
      9,014 SF

      Freestanding Dollar General Investment Property

      NNN leased Dollar General in Germantown, IL for sale.
      1549 Lake Park Dr, Germantown, IL 62245
      View Details
    • $44,000
      0.28 Acres

      Ready-to-Build Lot in Germantown, IL

      Residential lot in Germantown, IL ready for your dream home.
      315 Jennifer St, Germantown, IL 62245
      View Details
    • $1,149,000
      9,014 SF

      Freestanding Dollar General Investment Property

      NNN leased Dollar General with corporate guarantee through November 2029.
      1549 Lake Park Dr, Germantown, IL 62245
      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.
    200 Munster St
    Germantown, IL 62245
    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
    200 Munster St, Germantown, IL, 62245
    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!