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    Property profile & analytics

    407 Main St Mahomet, IL 61853

    • Retail space
    • 1,680 SF
    OFF-MARKET
    Value Estimation
    $115,000
    Last Sale
    Jun 16, 2020
    $112,000
    Location Intelligence
    Property ID
    US28-0176494
    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

    • The Open Room / Event Venue

    Property Details for 407 Main St

    Property size
    1,680 SF
    Property type
    Retail space
    APN
    151315157005
    APU
    151315157005

    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
    -88.4038
    Latitude
    40.1948
    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
    $3,484
    $9,150
    $34,870
    $44,020
    -
    $27,450
    $104,610
    $132,060

    Comparable in this City

    • Value Estimation
      $185,000
      1,800 SF

      421 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,800 SF
      421 Main St, Mahomet, IL 61853-7426
      View Details
    • Value Estimation by Request
      5,940 SF

      1002 Churchill Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,940 SF
      1002 Churchill Rd, Mahomet, IL 61853-7455
      View Details
    • Value Estimation
      $250,000
      2,400 SF

      415 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      415 Main St, Mahomet, IL 61853-7426
      View Details
    • Value Estimation
      $250,000
      1,064 SF

      401 Oak St

      RETAIL STORES (PERSONAL SERVICES) • 1,064 SF
      401 Oak St, Mahomet, IL 61853-9041
      View Details
    • Value Estimation
      $295,000
      2,800 SF

      410 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,800 SF
      410 Main St, Mahomet, IL 61853-7431
      View Details
    • Value Estimation
      $260,000
      2,688 SF

      704 Franklin St

      RETAIL STORES (PERSONAL SERVICES) • 2,688 SF
      704 Franklin St, Mahomet, IL 61853-7028
      View Details

    Similar Nearby for Sale

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    • $275,000
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      Open floor plan with desirable features and convenient location.
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      Mahomet Land with Development Potential

      Over 22 acres in Mahomet, suitable for various development projects.
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    Similar Nearby for Lease

    • $14 SF/Yr
      2,873 SF

      Eastwood Center Retail/Office Suites

      Mahomet, IL Retail & Office Space
      804 Eastwood 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
    • $22 SF/Yr
      16,874 SF

      Churchill Commons Retail Space

      Mahomet, IL Retail Center - Prime Location
      1608 Patton Dr, Mahomet, IL 61853
      View Details
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    407 Main St
    Mahomet, IL 61853
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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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