Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    550 Water St Chester, IL 62233

    • Office Properties & Spaces
    • 9.30 lot acres
    OFF-MARKET
    Value Estimation
    $485,000
    Location Intelligence
    Property ID
    US28-4312276
    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

    • Jackson County Sand Co / Sand & Gravel Supplier

    Property Details for 550 Water St

    Lot size
    9.30 lot acres
    Property type
    Office Properties & Spaces
    APN
    08-041-004-00
    APU
    804100400

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chester
    County
    Randolph
    State
    Illinois
    Longitude
    -89.804
    Latitude
    37.8864

    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
    $1,893
    $10,175
    $25,385
    $35,560
    -
    $30,525
    $76,155
    $106,680

    Comparable in this City

    • Value Estimation by Request
      1.34 Acres

      Old Plank Rd

      OFFICE (GENERAL) • 1.34 Acres
      Old Plank Rd, Chester, IL 62233
      View Details
    • Value Estimation by Request

      2229 State St

      OFFICE (GENERAL)
      2229 State St, Chester, IL 62233-1143
      View Details
    • Value Estimation by Request

      1308 Swanwick St

      OFFICE (GENERAL)
      1308 Swanwick St, Chester, IL 62233-1314
      View Details
    • Value Estimation by Request
      0.27 Acres

      Chester, IL 62233

      OFFICE (GENERAL) • 0.27 Acres
      Chester, IL 62233
      View Details
    • Value Estimation by Request

      Chester, IL 62233

      OFFICE (GENERAL)
      Chester, IL 62233
      View Details
    • Value Estimation by Request

      217 Holmes St

      OFFICE (GENERAL)
      217 Holmes St, Chester, IL 62233-1307
      View Details

    Similar Nearby for Sale

    • $75,000
      0.29 Acres

      Chester Diner - Turnkey Opportunity

      High-traffic location, ready-to-open diner.
      2453 State St, Chester, IL 62233
      View Details
    • $45,000
      0.09 Acres

      Vacant Lot in Downtown Chester

      Vacant commercial lot in downtown Chester, Illinois.
      651 State St, Chester, IL 62233
      View Details
    • $180,000
      5,720 SF

      Historic Mixed-Use Building in Chester

      Historic mixed-use building with retail and residential income potential.
      104-106 W Stacey St, Chester, IL 62233
      View Details
    • $77,000
      2,184 SF

      Duplex in Chester, Illinois

      Two-story duplex with two-car carport, investment opportunity.
      237 Maple St, Chester, IL 62233
      View Details
    • $945,000
      12,400 SF

      Mixed-Use Property with Executive Suite

      Two-building mixed-use property with development potential and luxury apartment.
      541b Hillview Dr, Chester, IL 62233
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    550 Water St
    Chester, IL 62233
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.