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    Property profile & analytics

    2148 State Rte 23 Grand Ridge, IL 61325-9580

    • Commercial real estate
    • 1.00 lot acres
    OFF-MARKET
    Value Estimation
    $225,000
    Location Intelligence
    Property ID
    US28-1145447
    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 2148 State Rte 23

    Lot size
    1.00 lot acres
    Property type
    Commercial real estate
    APN
    27-13-102-000
    APU
    2713102000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $235,000

    • CAP approach

      CAP return
      Estimation
      6%
      $180,000
      6.5%
      $195,000
      7%
      $185,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $205,000
      Geo Method
      $175,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $170,000
      Retail
      $205,000
      Mixed-Use
      $155,000
      Hospitality
      $170,000
      Educational
      $180,000
      Residential Income
      $205,000
      Energy
      $205,000
      Income-Based Land
      $180,000
      Food Service
      $165,000

    Location Insight

    • Map
    • Local Demand
    City
    Grand Ridge
    County
    Lasalle
    State
    Illinois
    Longitude
    -88.8358
    Latitude
    41.2448
    CBSA code
    36837
    CBSA name
    OTTAWA, IL MICROPOLITAN 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
    $4,351
    $6,667
    $54,459
    $61,126
    -
    $20,001
    $163,377
    $183,378

    Comparable in this City

    • Value Estimation
      $190,000
      1,920 SF

      2048 State Rte 23

      COMMERCIAL (GENERAL) • 1,920 SF
      2048 State Rte 23, Grand Ridge, IL 61325-9784
      View Details
    • Value Estimation by Request
      576 SF

      155 Main St

      COMMERCIAL (GENERAL) • 576 SF
      155 Main St, Grand Ridge, IL 61325-9802
      View Details
    • Value Estimation by Request
      3,500 SF

      550 Railroad Ave

      COMMERCIAL (GENERAL) • 3,500 SF
      550 Railroad Ave, Grand Ridge, IL 61325-9107
      View Details
    • Value Estimation
      $345,000
      2,652 SF

      105 Main St

      COMMERCIAL (GENERAL) • 2,652 SF
      105 Main St, Grand Ridge, IL 61325-9127
      View Details
    • Value Estimation
      $425,000
      1,152 SF

      Railroad Ave

      COMMERCIAL (GENERAL) • 1,152 SF
      Railroad Ave, Grand Ridge, IL 61325
      View Details
    • Value Estimation by Request
      6,124 SF

      Main St

      COMMERCIAL (GENERAL) • 6,124 SF
      Main St, Grand Ridge, IL 61325
      View Details
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    2148 State Rte 23
    Grand Ridge, IL 61325-9580
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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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