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Property profile & analytics
OFF-MARKET
Commercial real estate
526 Dixie Hwy, Momence, IL 60954-1224
Individually Owned
Free & Clear
Property ID
US28-3789444
Property summary
AI-generated overview
This 1,058-square-foot property, located at 526 N Dixie Highway in Momence, Illinois, presents a unique investment opportunity. Originally a Standard Oil gas station, the building retains its charming retro aesthetic and offers a versatile space ripe for redevelopment. The property includes a waiting room and a small office, providing functional areas for various business ventures. Two work bays, each equipped with an overhead door, are ideal for automotive-related businesses or other uses requiring ample space and access. Some miscellaneous tools are included in the sale. The building's most recent use was for used auto sales and auto repair. Its idyllic character makes it suitable for restoration to its original glory as a gas station or conversion into a specialty shop or other commercial enterprise. The property is being sold "AS IS," offering buyers the chance to customize and develop the space to meet their specific needs. The sale does not include land
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
0.08 ac (3,575 SF)
APN
05-11-18-310-001
UPID
US28-3789444
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Baker Auto & Truck Sales Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Robert N Knowles
Robert N Knowles
since 2025
Last sale
$58,000
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Momence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Momence submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,347
Tax year 2023
Assessed value
$17,018
Assessed 2023
Previous assessed
$17,018
+0.0% YoY
Effective rate
7.92%
On assessed value
Assessed land
$3,437
Assessed improvement
$13,581
Land market value
$10,311
Improvement market value
$40,743
Total market value
$51,054
Applied tax rate
5,003.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Lot
0.08 ac (3,575 SF)
APN
05-11-18-310-001
UPID
US28-3789444
Jurisdiction
KANKAKEE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Lot
0.08 ac
Current owner
From public records · entity-resolved
Robert N Knowles
Individual
Free & Clear · 0 yrs held
Mailing address
720 MAIN ST NW, BOURBONNAIS, IL 60914-2311
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2025
$58,000
Robert N Knowles
Municipal Trust & Savings Bank Ttee
Deed
—
Jul 12, 2017
—
Municipal Trust & Savings Bank As
Robert L Baker
Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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