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2740 State Route 160 Highland, IL 62249

FOR SALE
Commercial real estate
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Property ID
US28-2704233
3,012 SF 0.5 ac Built 2007
Last sale Aug 2008·$106,000
Individually Owned Owner of record is an individual. 18-yr Hold Held for 18 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon
2740 State Route 160, Highland, IL 62249 For Sale 1 / 25
$1,600,000 3,012 SF
2740 State Route 160, Highland, IL 62249
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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 · 2022

What does the county charge?
$8k
Tax billed · 2022
Assessed value$110k
Assessed land$30k
Assessed improvement$80k
Effective rate7.60%

Value estimate

· Nov 2026
$440k
$396k – $484k
AI approach$295k
NOI build-up
Gross scheduled income$149k
Vacancy & credit loss−$4k
Operating expenses−$44k
NOI · 6.37% cap applied$102k

Realmo valuation models over county records and 19 qualifying comparable sales.

Recently sold

What actually traded nearby?
$101/SF
ZIP average, outlier-cleaned · 79 recorded sales of this use type
Observed band · Q1–Q3$55 – $156
Qualifying comparables19

Cap rate analysis

How does the asset earn?
6.37%
$102k 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.

JurisdictionMADISON

Location intelligence

Which uses thrive at this corner?
Best fit: Plumbing Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Plumbing Service9.3
Cafe & Coffee Shop9.1
Electrical Service9.0

Location

2740 State Route 160 Highland, IL 62249
County assessor Recorded deeds · 1 transfer 19 qualifying comp sales 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

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1011 Washington, Highland, IL 62249-1645 $295,000 Dec 2025 3,250 SF
818 Main, Highland, IL 62249-1557 $12,000 Jul 2025 3,312 SF
311 Monroe, Highland, IL 62249-1326 $238,000 May 2025 3,225 SF
1218 Main, Highland, IL 62249 $215,000 Apr 2025 3,036 SF
917 Main, Highland, IL 62249-1507 $335,000 Dec 2024 2,550 SF
1106 New Trenton, Highland, IL 62249-2026 $290,000 Apr 2024 2,750 SF
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

Comparable nearby

  • Value Estimation
    $610,000
    3,160 SF
    321 Broadway
    COMMERCIAL (GENERAL)
    321 Broadway, Highland, IL 62249-2021
    View Details
  • Value Estimation
    $135,000
    3,200 SF
    Broadway
    COMMERCIAL (GENERAL)
    Broadway, Highland, IL 62249
    View Details
  • Value Estimation
    $240,000
    3,224 SF
    1315 Broadway
    COMMERCIAL (GENERAL)
    1315 Broadway, Highland, IL 62249-1953
    View Details
  • Value Estimation
    $300,000
    3,250 SF
    1011 Washington St
    COMMERCIAL (GENERAL)
    1011 Washington St, Highland, IL 62249-1645
    View Details
  • Value Estimation
    $575,000
    3,950 SF
    3410 George St
    COMMERCIAL (GENERAL)
    3410 George St, Highland, IL 62249-2892
    View Details
  • Value Estimation
    $210,000
    1,500 SF
    1010 Walnut St
    COMMERCIAL (GENERAL)
    1010 Walnut St, Highland, IL 62249-1542
    View Details
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
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