Property profile

206 Main St Melvin, IL 60952

OFF-MARKET
Commercial real estate
Property ID
US28-3384059
2,542 SF 0.22 ac lot Built 1946
Entity Owned 2-yr Hold Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1946
Total area 2,542 SF
Lot 0.22 ac (9,750 SF)
Zoning code I-1
APN 07-09-01-156-006
UPID US28-3384059

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

206 Main St Melvin, IL 60952
Melvin metro CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$185k

Owner & transaction history

since 2024
4 recorded transactions
2024
Price N/A
2020
Price N/A
2019
Price N/A
2007
Price N/A

Zoning & alternative use

I-1 · Melvin, IL
Zoning description

or religious. (d) Electric or telephone substations and other governmental and utility service uses. (e) Other business uses. -14- (f) Planned unit developments in accordance with provisions of Section 4B, page 15. (8) I…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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