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Financial
Distress signals
Property profile

224 Main St Marseilles, IL 61341

FOR SALE
Other industrial properties
Property ID
US28-4862423
4.45 ac lot
Last sale Jul 2014 · $12,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 12-yr Hold Held for 12 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A nine-story mixed-use building totaling approximately 375,000 square feet, constructed in a brick-and-concrete structure completed in 1930. The interior features heavy-load floors, elevators, an installed sprinkler system, and open floor areas that extend throughout the building, with river views as part of the property setting. The building is situated on approximately 4.8 acres at 224 Main Street in Marseilles, Illinois. The property has INDUS zoning designation and is located within an…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$16k
Tax billed · 2023
Assessed value$167k
Assessed land$31k
Assessed improvement$136k
Effective rate9.57%

Value estimate

· Oct 2026
$270k
$243k – $297k
AI approach$270k
NOI build-up
Gross scheduled income$3.65M
Vacancy & credit loss−$200k
Operating expenses−$1.03M
NOI · 229.64% cap applied$2.41M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$38/SF
County average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$15 – $66

Cap rate analysis

How does the asset earn?
229.64%
$2.41M estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLASALLE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency17.7
Dental Office14.7
Building Supply14.6

Location

224 Main St Marseilles, IL 61341
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

2 recorded sales · 6 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1801 Broadway, Marseilles, IL 61341-2085 $4,762,500 Dec 2021 3,588 SF
Marseilles, IL 61341 $90,000 May 2019 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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