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    Property profile & analytics

    202 Rte 71 Newark, IL 60541

    • Commercial real estate
    • 10,240 SF
    • 5.60 lot acres
    OFF-MARKET
    Value Estimation
    $200,000
    Location Intelligence
    Property ID
    US28-2365214
    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

    • Commercial real estate

    Property Details for 202 Rte 71

    Year built
    2022
    Lot size
    5.60 lot acres
    Property size
    10,240 SF
    Property type
    Commercial real estate
    APN
    07-06-451-003
    APU
    706451003

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Kendall
    State
    Illinois
    Longitude
    -88.5868
    Latitude
    41.5322
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI 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
    2023
    $11,767
    $55,000
    $86,710
    $141,710
    -
    $165,000
    $260,130
    $425,130

    Comparable in this City

    • Value Estimation by Request
      0.35 Acres

      11932 Helmar Rd

      COMMERCIAL (GENERAL) • 0.35 Acres
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    • Value Estimation
      $1,560,000
      9,100 SF

      106 Rte 71

      COMMERCIAL (GENERAL) • 9,100 SF
      106 Rte 71, Newark, IL 60541
      View Details
    • Value Estimation
      $580,000
      56,801 SF

      16060 Hanson Rd

      COMMERCIAL (GENERAL) • 56,801 SF
      16060 Hanson Rd, Newark, IL 60541
      View Details
    • Value Estimation
      $200,000
      0.13 Acres

      116 Galena St

      COMMERCIAL (GENERAL) • 0.13 Acres
      116 Galena St, Newark, IL 60541-9711
      View Details
    • Value Estimation
      $290,000
      1.86 Acres

      14330 Hughes Rd

      COMMERCIAL (GENERAL) • 1.86 Acres
      14330 Hughes Rd, Newark, IL 60541
      View Details
    • Value Estimation
      $200,000
      2,325 SF

      11 Main St

      COMMERCIAL (GENERAL) • 2,325 SF
      11 Main St, Newark, IL 60541-9808
      View Details

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    202 Rte 71
    Newark, IL 60541
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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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