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    Property profile & analytics

    605 3rd St Armington, IL 61721

    • Commercial real estate
    • 1.00 lot acres
    OFF-MARKET
    Value Estimation
    $290,000
    Location Intelligence
    Property ID
    US28-2654069
    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

    • Commercial real estate

    Property Details for 605 3rd St

    Year built
    1978
    Lot size
    1.00 lot acres
    Property type
    Commercial real estate
    APN
    23-23-22-400-004
    APU
    232322400004

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Armington
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.3061
    Latitude
    40.3399
    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
    $3,275
    $9,930
    $27,790
    $37,720
    -
    $29,790
    $83,370
    $113,160

    Comparable in this City

    • Value Estimation by Request
      2,235 SF

      203 3rd St

      COMMERCIAL (GENERAL) • 2,235 SF
      203 3rd St, Armington, IL 61721
      View Details
    • Value Estimation by Request
      0.13 Acres

      505 3rd St

      COMMERCIAL (GENERAL) • 0.13 Acres
      505 3rd St, Armington, IL 61721
      View Details
    • Value Estimation by Request
      3,360 SF

      Main St

      COMMERCIAL (GENERAL) • 3,360 SF
      Main St, Armington, IL 61721
      View Details
    • Value Estimation
      $290,000
      1.30 Acres

      601 4th St

      COMMERCIAL (GENERAL) • 1.30 Acres
      601 4th St, Armington, IL 61721
      View Details
    • Value Estimation
      $295,000
      0.13 Acres

      32029 Armington Rd

      COMMERCIAL (GENERAL) • 0.13 Acres
      32029 Armington Rd, Armington, IL 61721
      View Details
    • Value Estimation
      $455,000
      80.00 Acres

      34671 Ctr Rd

      COMMERCIAL (GENERAL) • 80.00 Acres
      34671 Ctr Rd, Armington, IL 61721
      View Details
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    605 3rd St
    Armington, IL 61721
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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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