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Property profile & analytics
FOR SALE
Commercial real estate
201 W Main St Genoa, IL 60135
Individually Owned
4-yr Hold
Free & Clear
Property ID
US28-0539319
For Sale
1 / 24
$399,000
201 W Main St, Genoa, IL 60135
View Listing →
Property summary
AI-generated overview
This meticulously renovated 4,000 square foot commercial building at 201 W Main Street, Genoa, IL, presents a unique investment opportunity. The property boasts brand new electrical, plumbing, drywall, trim, and fixtures throughout. The first floor offers approximately 1,500 square feet of versatile office/retail space, perfect for a variety of businesses. A convenient bathroom, a finished basement providing ample storage, and an attached garage are also included. Currently generating income, the second floor comprises two completely renovated, two-bedroom apartments, each renting for $1250 per month on a one-year lease. Both apartments feature updated interiors and share a convenient in-unit washer and dryer. All units are separately metered for efficient utility management. The building benefits from convenient street parking and proximity to a city parking lot across the street. This turnkey property offers a blend of commercial and residential income streams, making it an attractive investment in the thriving Genoa market. The asking price is $399,000.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
0.06 ac (2,500 SF)
APN
03-19-454-016
UPID
US28-0539319
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
$250k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$250k
Owner & transaction history
Michael L Parsons · 4 yrs held
Michael L Parsons
since 2022
3 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 Genoa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Genoa 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
$250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$250k
Range $225k – $275k · ±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
—
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
$4,851
Tax year 2023
Assessed value
$51,151
Assessed 2023
Previous assessed
$51,151
+0.0% YoY
Effective rate
9.48%
On assessed value
Assessed land
$10,206
Assessed improvement
$40,945
Land market value
$30,618
Improvement market value
$122,835
Total market value
$153,453
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Heating
NONE
Lot
0.06 ac (2,500 SF)
APN
03-19-454-016
UPID
US28-0539319
Jurisdiction
DE KALB
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
0.06 ac
Current owner
From public records · entity-resolved
Michael L Parsons
Individual
Free & Clear · 4 yrs held
Mailing address
12 N 248TH RANDALL RD, ELGIN, IL 60123
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2022
—
Michael L Parsons
Michael L Parsons
Intrafamily Transfer
related
—
Nov 13, 2006
—
Michael L Parsons
—
Trustees Deed
related
$195,000 · Resource Bank
—
—
Michael L Parsons
—
Deed Of Trust
related
$100,000 · Resource Bank
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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