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    Property profile & analytics

    208 Main St Morton, IL 61550-2026

    • Turn key restaurants
    • 1,617 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US28-0699705
    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

    • Turn key restaurants

    Property Details for 208 Main St

    Year built
    1918
    Lot size
    0.21 lot acres
    Property size
    1,617 SF
    Property type
    Turn key restaurants
    APN
    06-06-20-230-004
    APU
    60620230004

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Morton
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.4605
    Latitude
    40.6114
    CBSA code
    37900
    CBSA name
    PEORIA, 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
    2023
    $6,598
    $13,300
    $76,670
    $89,970
    -
    $39,900
    $230,010
    $269,910

    Comparable in this City

    • Value Estimation by Request
      4,800 SF

      149 Main St

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      149 Main St, Morton, IL 61550-2029
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      $575,000
      2,500 SF

      1939 Main St, Unit 1945

      RESTAURANT • 2,500 SF
      1939 Main St, Morton, IL 61550-2913
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    • Value Estimation
      $345,000
      3,390 SF

      1810 Morton Ave

      RESTAURANT • 3,390 SF
      1810 Morton Ave, Morton, IL 61550-1414
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    • Value Estimation
      $830,000
      4,911 SF

      133 Ashland St

      RESTAURANT • 4,911 SF
      133 Ashland St, Morton, IL 61550-1447
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    • Value Estimation
      $365,000
      4,794 SF

      837 Jackson St

      RESTAURANT • 4,794 SF
      837 Jackson St, Morton, IL 61550-1569
      View Details
    • Value Estimation
      $415,000
      5,625 SF

      321 Morton Ave

      RESTAURANT • 5,625 SF
      321 Morton Ave, Morton, IL 61550-1524
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      10,480 SF

      Morton Retail Space: Prime Location

      Restaurant/Retail Space Available; 2,960 sq ft
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      2,960 SF

      Retail Space with Drive-Thru

      2,100 SF retail space with drive-thru in Morton, IL.
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    • $12 SF/Yr
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    208 Main St
    Morton, IL 61550-2026
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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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