New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,025,000
Auto shops
240 Ashland St, Morton, IL 61550-1437
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US28-2426961
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1989
Total area
19,848 SF
Lot
7.12 ac (310,147 SF)
APN
06-06-17-100-023
UPID
US28-2426961
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.98M
Blend (final)
Blend
$2.03M
Owner & transaction history
Growmark INC · 8 yrs held
Growmark INC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.1M
+82.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Morton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,685,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,075,000
Change: +83% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,640,000
Change: -3% · Conversion: Moderate
RESTAURANT
$1,400,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$2.03M
Range $1.82M – $2.23M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$102 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$59,989
Tax year 2023
Assessed value
$818,010
Assessed 2023
Previous assessed
$818,010
+0.0% YoY
Effective rate
7.33%
On assessed value
Assessed land
$342,370
Assessed improvement
$475,640
Land market value
$1,027,110
Improvement market value
$1,426,920
Total market value
$2,454,030
Applied tax rate
6,002.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1989
Heating
NONE
Buildings
2
Stories
2
Total area
19,848 SF
Lot
7.12 ac (310,147 SF)
APN
06-06-17-100-023
UPID
US28-2426961
Jurisdiction
TAZEWELL
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$1.6M
RESTAURANT
Est. value
$1.4M
AUTO REPAIR, GARAGE Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Heating
NONE
Stories
2
Buildings
2
Lot
7.12 ac
Current owner
From public records · entity-resolved
Growmark INC
Entity
Mailing address
1701 TOWANDA AVE, BLOOMINGTON, IL 61701-2057
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
28 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2018
$1,425,000
Growmark INC
Morton Facilities LLC
Warranty Deed
—
Apr 3, 2017
$921,600
Morton Facilities LLC
Morton Cmnty Bk
Grant Deed
—
Feb 1, 2016
—
Heritage Bk Of Ctrl Il
Werry Properties INC
Quit Claim Deed
related
—
Dec 26, 2014
—
Heritage Bank Of Central Illinois
Werry Properties INC
Trustees Deed
related
—
Jan 9, 2013
$77,000
People Of The State Of Illinois
Werry Props INC
Warranty Deed
—
Sep 8, 2010
—
Star Transport INC
—
Deed Of Trust
related
$5,993,051 · Heritage Bank Central Illinois
Sep 2, 2010
—
Werry Properties INC
—
Deed Of Trust
related
$3,138,800 · Heritage Bk/ctrl Il
Jul 6, 2009
—
Werry,glenn A JR
—
Loan Modification, Consolidation And Extension
related
$1,453,936 · Heritage Bk/ctrl Il
Mar 6, 2009
—
Werry Properties INC
—
Grant Deed
related
$7,500,000 · Heritage Bk/ctrl Il
—
—
Werry Properties INC
—
Loan Modification
related
—
—
—
Glenn A Werry JR.
—
Deed Of Trust
related
$1,453,936 · Heritage Bank Central Illinois
—
—
Glenn A Werry JR
—
Loan Modification
related
$635,306 · Heritage Bk/ctrl Il
—
—
Werry Properties INC
—
Loan Modification
related
—
—
—
Werry Properties INC
—
Loan Modification
related
—
—
—
Werry Properties INC
—
Loan Modification
related
—
—
—
Glenn A Werry JR
—
Loan Modification
related
$635,306 · Heritage Bk/ctrl Il
—
—
Werry Properties INC
—
Deed Of Trust
related
$2,500,000 · Heritage Bank Central Illinois
—
—
Glenn A Werry JR.
—
Loan Modification
related
$635,306 · Heritage Bank Central Illinois
—
—
Werry Properties INC
—
Loan Modification
related
$635,306 · Heritage Bk/ctrl Il
—
—
Werry Properties INC
—
Loan Modification
related
—
—
—
Werry Properties INC
—
Loan Modification
related
—
—
—
Werry Properties INC
—
Loan Modification
related
—
—
—
Star Transport INC
—
Deed Of Trust
related
$5,418,051 · Heritage Bank Central Illinois
—
—
Glenn A Werry JR.
—
Deed Of Trust
related
$749,641 · Heritage Bank Central Illinois
—
—
Glenn A Werry JR.
—
Deed Of Trust
related
$1,481,351 · Heritage Bank Central Illinois
—
—
Werry Properties INC
—
Loan Modification
related
—
—
—
Werry Properties INC
—
Loan Modification
related
—
—
—
Glenn A Werry JR.
—
Loan Modification
related
$635,306 · Heritage Bank Central Illinois
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 240 Ashland St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
