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    Property profile & analytics

    524 Main St Morton, IL 61550-1941

    • Medical offices
    • 1,060 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimation
    $195,000
    Location Intelligence
    Property ID
    US28-5857506
    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

    • Medical offices

    Property Details for 524 Main St

    Year built
    1951
    Lot size
    0.16 lot acres
    Property size
    1,060 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    06-06-20-227-004
    APU
    60620227004

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Morton
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.4651
    Latitude
    40.6057
    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
    $3,208
    $9,020
    $34,730
    $43,750
    -
    $27,060
    $104,190
    $131,250

    Comparable in this City

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      1600 4th Ave

      MEDICAL BUILDING • 8,255 SF
      1600 4th Ave, Morton, IL 61550-2889
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    • Value Estimation
      $235,000
      1,728 SF

      313 Main St

      MEDICAL BUILDING • 1,728 SF
      313 Main St, Morton, IL 61550-2027
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    • Value Estimation
      $2,065,000
      3,264 SF

      853 Jackson St

      MEDICAL BUILDING • 3,264 SF
      853 Jackson St, Morton, IL 61550
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    • Value Estimation
      $670,000
      6,214 SF

      619-621 Jackson St

      MEDICAL BUILDING • 6,214 SF
      619-621 Jackson St, Morton, IL 61550
      View Details
    • Value Estimation
      $455,000
      7,320 SF

      430 Maxine Dr

      MEDICAL BUILDING • 7,320 SF
      430 Maxine Dr, Morton, IL 61550-2495
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Prime Morton, IL industrial development lot.
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      Morton, IL - 60 Acres Commercial Land

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    Similar Nearby for Lease

    • $19 SF/Yr
      6,214 SF

      Morton Medical Office Suite Available

      Prime Medical Office Space - I-74 Access
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    • $12 SF/Yr
      1,400 SF

      Retail Space in Kroger Center

      Retail space for lease in Morton, IL, Kroger anchored center.
      1015-1067 W Jackson St, Morton, IL 61550
      View Details
    • Contact for pricing
      2,960 SF

      Retail Space with Drive-Thru

      2,100 SF retail space with drive-thru in Morton, IL.
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    • $7 SF/Yr
      139,893 SF

      Field Shopping Center: Morton, IL

      Morton Retail Center - Multiple Spaces Available
      1909-2141 Main St, Morton, IL 61550
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    • Contact for pricing
      10,480 SF

      Morton Retail Space: Prime Location

      Restaurant/Retail Space Available; 2,960 sq ft
      600 Main St, Morton, IL 61550
      View Details

    Property Visit Statistics

    • Visits by month
      2.4k
    • Visitors by month
      1.8k
    • Avg Time on site
      25 min
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    524 Main St
    Morton, IL 61550-1941
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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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