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    Property profile & analytics

    4990 Edgewater Dr Groveland, IL 61535-9752

    • Parking lots & garages
    • 4,280 SF
    • 0.62 lot acres
    OFF-MARKET
    Value Estimation
    $205,000
    Last Sale
    Mar 17, 2025
    $350,000
    Location Intelligence
    Property ID
    US28-3114135
    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

    • Parking lots & garages

    Property Details for 4990 Edgewater Dr

    Year built
    1952
    Lot size
    0.62 lot acres
    Property size
    4,280 SF
    Property type
    Parking lots & garages
    APN
    05-05-22-401-008
    APU
    50522401008

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Groveland
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.5347
    Latitude
    40.6044
    CBSA code
    37900
    CBSA name
    PEORIA, 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
    $3,177
    $16,070
    $28,740
    $44,810
    -
    $48,210
    $86,220
    $134,430

    Comparable in this City

    • Value Estimation
      $205,000
      2,304 SF

      4980 Edgewater Dr

      BAR, TAVERN • 2,304 SF
      4980 Edgewater Dr, Groveland, IL 61535-9752
      View Details
    • Value Estimation
      $585,000
      2,844 SF

      19416 Springfield Rd, Unit PARCEL

      CONVENIENCE STORE • 2,844 SF
      19416 Springfield Rd, Groveland, IL 61535-9518
      View Details
    • Value Estimation
      $300,000
      2,610 SF

      18706 Springfield Rd

      RESTAURANT • 2,610 SF
      18706 Springfield Rd, Groveland, IL 61535-9506
      View Details
    • Value Estimation by Request
      3.48 Acres

      Roberts St Ofc Of

      VACANT COMMERCIAL LAND • 3.48 Acres
      Roberts St Ofc Of, Groveland, IL 61535
      View Details
    • Value Estimation by Request

      5043 Queenwood Rd

      INDUSTRIAL (GENERAL)
      5043 Queenwood Rd, Groveland, IL 61535-9612
      View Details
    • Value Estimation
      $200,000
      612 SF

      5100 Edgewater Dr

      COMMERCIAL (GENERAL) • 612 SF
      5100 Edgewater Dr, Groveland, IL 61535-9756
      View Details

    Similar Nearby for Sale

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      Multifamily & Commercial Space Building

      Five-unit multifamily and commercial space with long-term tenants.
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    • $569,000
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      Mixed-Use Building in Groveland, IL

      Five-unit multifamily and commercial space with recent upgrades.
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      Large residential lot available in Groveland, Illinois.
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    Groveland, IL 61535-9752
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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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