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Property profile & analytics
OFF-MARKET Estimated value $255,000
Commercial real estate

401 Sarpy St Morrisonville, IL 62546-6828

2,000 SF 0.36 ac lot Built 1997
Entity Owned Free & Clear
Property ID
US28-4486095
Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1997
Total area 2,000 SF
Lot 0.36 ac (15,620 SF)
Zoning code C-2
APN 13-22-08-113-006-01
UPID US28-4486095
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • First National Bank of Raymond Bank Loan Service
  • ATM Atm Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k
Owner & transaction history
FIRST NATIONAL BANK RAYMOND
FIRST NATIONAL BANK RAYMOND
Zoning & alternative use
C-2 · Morrisonville, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Any permitted use in the C-2 Service Retail District. Liquor stores. 1-5-39 - 1-5-40 RESERVED. 59 DIVISION V - COMMERCIAL SERVICE RETAIL (C-2) DISTRICT 1-5-41 PREAMBLE. The purpose of the C -2 Service Retail District is to provide for those retail businesses and services which require a location other than in the central business district being either highwa…

Zone name Service Retail
General category COMMERCIAL
Zone area 5.18 ac
Source Revised Code
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