Property profile

251 State Rte 54 Melvin, IL 60952

OFF-MARKET
Commercial real estate
Property ID
US28-3105996
1,462 SF Built 1954
Individually Owned 2-yr Hold Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1954
Total area 1,462 SF
Zoning code I-1
APN 07-09-01-202-001
UPID US28-3105996

Cap rate & NOI

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

Location

251 State Rte 54 Melvin, IL 60952
Melvin metro Census 961900 CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$155k

Owner & transaction history

since 2024
1 recorded transaction
2024
Price N/A

Zoning & alternative use

I-1 · Melvin, IL
Zoning description

or religious. (d) Electric or telephone substations and other governmental and utility service uses. (e) Other business uses. -14- (f) Planned unit developments in accordance with provisions of Section 4B, page 15. (8) I…

General category INDUSTRIAL

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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