Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    4284 Il Rte 23 Leland, IL 60531

    • Commercial real estate
    • 7,272 SF
    • 5.49 lot acres
    OFF-MARKET
    Value Estimation
    $470,000
    Last Sale
    Jun 02, 2022
    $480,000
    Location Intelligence
    Property ID
    US28-4455823
    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 4284 Il Rte 23

    Lot size
    5.49 lot acres
    Property size
    7,272 SF
    Property type
    Commercial real estate
    APN
    04-31-212-000
    APU
    431212000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $455,000

    • CAP approach

      CAP return
      Estimation
      6%
      $495,000
      6.5%
      $500,000
      7%
      $540,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $445,000
      Geo Method
      $510,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $530,000
      Retail
      $410,000
      Mixed-Use
      $415,000
      Hospitality
      $545,000
      Educational
      $550,000
      Residential Income
      $490,000
      Energy
      $555,000
      Income-Based Land
      $420,000
      Food Service
      $520,000

    Location Insight

    • Map
    • Local Demand
    City
    Leland
    County
    Lasalle
    State
    Illinois
    Longitude
    -88.8163
    Latitude
    41.5566
    CBSA code
    36837
    CBSA name
    OTTAWA, IL MICROPOLITAN 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
    $8,169
    $16,070
    $85,389
    $101,459
    -
    $48,210
    $256,167
    $304,377

    Comparable in this City

    • Value Estimation by Request
      1,496 SF

      150 Main St

      COMMERCIAL (GENERAL) • 1,496 SF
      150 Main St, Leland, IL 60531-3136
      View Details
    • Value Estimation by Request
      3,300 SF

      142 Railroad

      COMMERCIAL (GENERAL) • 3,300 SF
      142 Railroad, Leland, IL 60531-3191
      View Details
    • Value Estimation by Request
      7,304 SF

      162 Railroad

      COMMERCIAL (GENERAL) • 7,304 SF
      162 Railroad, Leland, IL 60531
      View Details
    • Value Estimation by Request
      1,560 SF

      170 Main St

      COMMERCIAL (GENERAL) • 1,560 SF
      170 Main St, Leland, IL 60531-3136
      View Details
    • Value Estimation
      $205,000
      2,328 SF

      560 Main St

      COMMERCIAL (GENERAL) • 2,328 SF
      560 Main St, Leland, IL 60531
      View Details
    • Value Estimation
      $340,000
      3,726 SF

      100 Railroad, Unit 102

      COMMERCIAL (GENERAL) • 3,726 SF
      100 Railroad, Leland, IL 60531-3158
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4284 Il Rte 23
    Leland, IL 60531
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.