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    Property profile & analytics

    224 Main St Marseilles, IL 61341

    • Industrial properties
    • 4.45 lot acres
    For Sale
    View listing
    $1,300,000
    Value Estimation
    Location Intelligence
    Property ID
    US28-4862423
    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

    • Industrial properties

    Property Details for 224 Main St

    Lot size
    4.45 lot acres
    Property type
    Industrial properties
    APN
    15-49-443-006
    APU
    1549443006

    Description

    This exceptional nine-story commercial condo, located at 224 Main Street in Marseilles, Illinois, presents a remarkable investment opportunity. Boasting a substantial 375,000 square feet of space, this brick and concrete structure offers breathtaking river views. Situated on approximately 4.8 acres, the property benefits from its location within an enterprise zone, with the potential for TIF district designation. The building's robust construction features heavy load floors and multiple elevators, making it ideally suited for a wide range of commercial or mixed-use applications. The interior is well-equipped with a fully installed sprinkler system and features expansive, flowing floor plans that maximize the stunning river vistas. A completed survey and Phase 1 environmental report are readily available for review. This property offers significant potential for redevelopment and presents a unique chance to acquire a substantial commercial asset in a desirable location. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $270,000

    • CAP approach

      CAP return
      Estimation
      6%
      $385,000
      6.5%
      $410,000
      7%
      $380,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $325,000
      Geo Method
      $370,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $315,000
      Retail
      $385,000
      Mixed-Use
      $405,000
      Hospitality
      $320,000
      Educational
      $405,000
      Residential Income
      $415,000
      Energy
      $320,000
      Income-Based Land
      $395,000
      Food Service
      $345,000

    Location Insight

    • Map
    • Local Demand
    City
    Marseilles
    County
    Lasalle
    State
    Illinois
    Longitude
    -88.7107
    Latitude
    41.3263
    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
    $15,957
    $31,015
    $135,651
    $166,666
    -
    $93,045
    $406,953
    $499,998

    Comparable in this City

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    • Value Estimation by Request
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    • Value Estimation
      $405,000
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      INDUSTRIAL (GENERAL) • 5,973 SF
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    • Value Estimation
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      View Details
    • Value Estimation
      $285,000
      4,192 SF

      2192 25th Rd

      INDUSTRIAL (GENERAL) • 4,192 SF
      2192 25th Rd, Marseilles, IL 61341-9752
      View Details

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    224 Main St
    Marseilles, IL 61341
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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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