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    Property profile & analytics

    401 Main St Mahomet, IL 61853-7426

    • Bars
    • 5,424 SF
    OFF-MARKET
    Value Estimation
    Last Sale
    Sep 18, 2025
    $707,500
    Location Intelligence
    Property ID
    US28-2298156
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • ATM (Super Pantry) / Grocery Store / Atm
    • Chophouse on Main / Vegetarian Restaurant / Restaurant

    Property Details for 401 Main St

    Property size
    5,424 SF
    Property type
    Bars
    Property subtype
    Pubs
    APN
    151315157001
    APU
    151315157001

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mahomet
    County
    Champaign
    State
    Illinois
    Longitude
    -88.404
    Latitude
    40.195
    CBSA code
    16580
    CBSA name
    CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $11,359
    $6,100
    $137,420
    $143,520
    -
    $18,300
    $412,260
    $430,560

    Comparable in this City

    • Value Estimation
      $490,000
      4,178 SF

      204 Prairieview Rd

      BAR, TAVERN • 4,178 SF
      204 Prairieview Rd, Mahomet, IL 61853-8505
      View Details
    • Value Estimation by Request
      2,412 SF

      106 Lombard St

      BAR, TAVERN • 2,412 SF
      106 Lombard St, Mahomet, IL 61853
      View Details
    • Value Estimation
      $115,000
      2,258 SF

      215 Lk Of The Woods Rd

      BAR, TAVERN • 2,258 SF
      215 Lk Of The Woods Rd, Mahomet, IL 61853-2785
      View Details
    • Value Estimation
      $235,000
      2,240 SF

      402 Main St

      BAR, TAVERN • 2,240 SF
      402 Main St, Mahomet, IL 61853-7444
      View Details
    • Value Estimation
      $205,000
      1,520 SF

      103 Lincoln St

      NIGHTCLUB (COCKTAIL LOUNGE) • 1,520 SF
      103 Lincoln St, Mahomet, IL 61853-6010
      View Details
    • Value Estimation by Request
      510 SF

      401 Oak St

      RESTAURANT • 510 SF
      401 Oak St, Mahomet, IL 61853-9200
      View Details

    Similar Nearby for Sale

    • $475,000

      Former Gas Station with Potential

      Former gas station on under an acre near Interstate.
      603 South Prairie View Rd, Mahomet, IL 61853
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    • $475,000
      0.99 Acres

      Mahomet Commercial Land - $475K

      Prime 0.99-acre lot, I-74 proximity.
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    • Contact for pricing
      0.70 Acres

      Mahomet Commercial Land for Sale

      Prime Commercial Lots in Growing Mahomet, IL
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    • $275,000
      1,568 SF

      Upgraded Zerolot with Commons View

      Open floor plan with desirable features and convenient location.
      404 S Windwood Ln, Mahomet, IL 61853
      View Details
    • $490,000
      23.41 Acres

      Mahomet Land with Development Potential

      Over 22 acres in Mahomet, suitable for various development projects.
      205 S Ranch Ln, Mahomet, IL 61853
      View Details
    • $475,000
      7.00 Acres

      Mahomet Subdivision: 22 Lots

      7-Acre Development Opportunity in Mahomet, IL
      1715 Tin Cup Rd, Mahomet, IL 61853
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      16,874 SF

      Churchill Commons Retail Space

      Mahomet, IL Retail Center - Prime Location
      1608 Patton Dr, Mahomet, IL 61853
      View Details
    • $27 SF/Yr

      New Commercial Space Near I-74

      New 2,000 SF commercial space with high visibility near I-74.
      1002 Purnell Dr, Mahomet, IL 61853
      View Details
    • $27 SF/Yr
      2,000 SF

      New Construction Retail/Office Space

      2,000 SF space with drive-thru, high visibility, easy access.
      1000 Purnell Dr, Mahomet, IL 61853
      View Details
    • $8 SF/Yr
      35,000 SF

      Mahomet Office Space: Coworking & More

      Prime Mahomet location, flexible suites, all utilities included.
      601 Main St, Mahomet, IL 61853
      View Details
    • $14 SF/Yr
      2,873 SF

      Eastwood Center Retail/Office Suites

      Mahomet, IL Retail & Office Space
      804 Eastwood Dr, Mahomet, IL 61853
      View Details
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    401 Main St
    Mahomet, IL 61853-7426
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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