Property profile

240 Detroit Ave Morton, IL 61550

OFF-MARKET
Office Spaces
Property ID
US28-2278985
7,250 SF 3.44 ac lot Built 1977
Individually Owned 9-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1977
Total area 7,250 SF
Lot 3.44 ac (149,846 SF)
APN 06-06-17-300-014
UPID US28-2278985

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

240 Detroit Ave Morton, IL 61550-1534
Morton metro Census 21604 PEORIA, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$735k
Comparable Approach Comparable
$567k
Blend (final) Blend
$285k

Owner & transaction history

since 2017
3 recorded transactions
2022
Price N/A
2017
Price N/A
2017
$430,000

Zoning & alternative use

Top alternative use upside
Auto repair, garage $615,000 +2.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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