Realmo Analytics

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Property profile

512 1st Ave Colona, IL 61241

OFF-MARKET
Other commercial real estate
Property ID
US28-2875604
0.19 ac lot Built 1999
Last sale Apr 2023 · $225,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a renovated professional office unit totaling 580 square feet within a building constructed in 1999. The interior configuration includes high ceilings and ample lighting, designed for office use. It is zoned as “Comme” and is located at 512 1ST Avenue #3 in Colona, Illinois, on a frontage along IL Route 84 and adjacent to a Pizza Hut. The unit’s location provides roadside visibility from passing traffic while remaining near established nearby businesses.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2021

What does the county charge?
$8k
Tax billed · 2021
Assessed value · 2023$81k
Assessed land$4k
Assessed improvement$77k
Effective rate10.10%

Value estimate

· Oct 2026
$225k
$203k – $248k
AI approach$225k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$73/SF
County average, outlier-cleaned · 60 recorded sales of this use type
Observed band · Q1–Q3$36 – $147

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionHENRY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency15.3
Dental Office13.1
Wholesale Shop12.2

Location

512 1st Ave Colona, IL 61241-9113
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
111 Walnut, Colona, IL 61241-8898 $400,000 Feb 2026 4,680 SF
109 Walnut, Colona, IL 61241-8898 $140,000 Mar 2025 6,240 SF
101 2nd Avec, Colona, IL 61241 $157,500 Dec 2024 No data
103 4th, Colona, IL 61241-9733 $380,000 Sep 2024 2,000 SF
105 4th, Colona, IL 61241-9733 $380,000 Sep 2024 No data
107 4th, Colona, IL 61241-9733 $380,000 Aug 2024 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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