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Property profile & analytics
OFF-MARKET
Commercial real estate
527 2nd W St Milan, IL 61264-2743
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-1223444
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1975
Construction
FRAME
Total area
7,200 SF
Lot
0.34 ac (14,810 SF)
Zoning code
MIL
APN
16-23-407-013
UPID
US28-1223444
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
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
Finn Av & It Solutions INC · 2 yrs held
Finn Av & It Solutions INC
since 2023
Last sale
$230,000
7 recorded transactions
Zoning & alternative use
MIL · Milan, IL
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 Milan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milan 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 2022Property tax & assessments
Tax year 2022
Tax billed
$3,565
Tax year 2022
Assessed value
$37,069
Assessed 2022
Previous assessed
$37,069
+0.0% YoY
Effective rate
9.62%
On assessed value
Assessed land
$15,706
Assessed improvement
$21,363
Land market value
$47,118
Improvement market value
$64,089
Total market value
$111,207
Applied tax rate
11,006.0000
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
Year built
1975
Construction
FRAME
Heating
NONE
Total area
7,200 SF
Lot
0.34 ac (14,810 SF)
Zoning code
MIL
APN
16-23-407-013
UPID
US28-1223444
Jurisdiction
ROCK ISLAND
Zoning & alternative use
MIL · Milan, ILZoning MIL · permitted uses
MIL · Milan, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1975
Construction
FRAME
Heating
NONE
Lot
0.34 ac
Current owner
From public records · entity-resolved
Finn Av & It Solutions INC
Entity
Mailing address
527 2ND ST W, MILAN, IL 61264-2743
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2026
—
Finn Av & Its Solutions INC
—
Deed
related
$265,538 · Bankorion
Dec 12, 2023
—
Finn Av & It Solutions INC
—
Deed
related
$130,000 · Bankorion
Oct 12, 2023
$230,000
Finn Av & It Solutions INC
P 7 G Real Estate Investments LLC
Warranty Deed
$302,000 · Bankorion
Nov 23, 2020
—
P & G R & E Invs LLC Series 2
—
Deed
related
$179,298 · Midwest Bk
Jun 3, 2019
—
P & G Real Estates Investments LLC
—
Deed
related
$1,800,000 · Blackhawk Bank & Trust Co
Aug 28, 2018
—
P&g Real Estate Investments LLC
—
Deed
related
$225,000 · Andalusia Community Bank
May 8, 2017
—
P & G Real Estate Investments Ll
—
Deed
related
$180,000 · Andalusia Cmnty Bk
Dec 14, 2016
—
P&g Real Estate Investments
—
Deed
related
$225,000 · Andalusia Community Bank
Jan 15, 2008
$500,000
Edwards Properties LLC
James D Epperly
Warranty Deed
$467,500 · Blackhawk Bank & Trust
—
—
P & G Real Estate Investments Ll
—
Loan Modification
related
$180,000 · Andalusia Cmnty Bk
—
—
P & G R & E Invs LLC Series 2
—
Loan Modification
related
$179,298 · Midwest Bk
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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