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    Property profile & analytics

    408 State Hwy 16 Tower Hill, IL 62571

    • Commercial real estate
    • 858 SF
    • 0.98 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US28-4636373
    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

    • Commercial real estate

    Property Details for 408 State Hwy 16

    Lot size
    0.98 lot acres
    Property size
    858 SF
    Property type
    Commercial real estate
    APN
    2311-15-00-400-008
    APU
    23111500400008

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tower Hill
    County
    Shelby
    State
    Illinois
    Longitude
    -88.9555
    Latitude
    39.3918

    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
    2022
    $744
    $4,057
    $3,643
    $7,700
    -
    $12,171
    $10,929
    $23,100

    Comparable in this City

    • Value Estimation by Request
      0.34 Acres

      Tower Hill, IL 62571

      COMMERCIAL (GENERAL) • 0.34 Acres
      Tower Hill, IL 62571
      View Details
    • Value Estimation by Request
      0.01 Acres

      Tower Hill, IL 62571

      COMMERCIAL (GENERAL) • 0.01 Acres
      Tower Hill, IL 62571
      View Details
    • Value Estimation by Request
      1,320 SF

      103 Michigan St

      COMMERCIAL (GENERAL) • 1,320 SF
      103 Michigan St, Tower Hill, IL 62571
      View Details
    • Value Estimation
      $305,000
      0.37 Acres

      209 State Hwy 16

      COMMERCIAL (GENERAL) • 0.37 Acres
      209 State Hwy 16, Tower Hill, IL 62571-4212
      View Details
    • Value Estimation by Request
      0.25 Acres

      Tower Hill, IL 62571

      COMMERCIAL (GENERAL) • 0.25 Acres
      Tower Hill, IL 62571
      View Details
    • Value Estimation
      $280,000
      2.88 Acres

      103 Benton St

      COMMERCIAL (GENERAL) • 2.88 Acres
      103 Benton St, Tower Hill, IL 62571-4000
      View Details
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    408 State Hwy 16
    Tower Hill, IL 62571
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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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