Property profile

304 State St Cherry Valley, IL 61016

OFF-MARKET
Commercial real estate
Property ID
US28-2222870
800 SF 0.04 ac lot Built 1926
Entity Owned 8-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1926
Construction FRAME
Total area 800 SF
Lot 0.04 ac (1,742 SF)
Zoning code CC
APN 16-01-133-005
UPID US28-2222870

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Insurance Agency
  • Medical Clinic
  • Specialty Food Shop Farmer's Market

Location

304 State St Cherry Valley, IL 61016-9294
Cherry Valley metro Census 3705 ROCKFORD, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2017
7 recorded transactions
2017
$65,000
1996
$47,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CC · Cherry Valley, IL
Zoning description

The CC commercial community district is established to accommodate a greater variety of goods and services than permitted in the CN district, including business establishments which serve a larger segment of the village…

General category COMMERCIAL

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
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 304 State 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.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message