Property profile

515 Sarpy St Morrisonville, IL 62546

OFF-MARKET
Commercial real estate
Property ID
US28-3615386
2,484 SF 0.17 ac lot Built 1900
Entity Owned 3-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1900
Total area 2,484 SF
Lot 0.17 ac (7,350 SF)
Zoning code C-1
APN 13-22-08-111-011-00
UPID US28-3615386

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

515 Sarpy St Morrisonville, IL 62546-6829
Morrisonville metro Census 959000 TAYLORVILLE, IL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2023
2 recorded transactions
2023
Price N/A
2013
Price N/A

Zoning & alternative use

C-1 · Morrisonville, IL
Zoning description

DIVISION IV - GENERAL RETAIL (C-1) DISTRICT 1-5-36 PREAMBLE. The purpose of the C -1 General Retail District is to provide for a wide range of retail facilities and services of such a nature as to be fully compatible in…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 515 Sarpy St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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