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    Property profile & analytics

    611 Hanover St Okawville, IL 62271

    • Turn key restaurants
    • 5,380 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimation
    $115,000
    Last Sale
    Oct 01, 2024
    $89,500
    Location Intelligence
    Property ID
    US28-3840400
    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

    • Turn key restaurants

    Property Details for 611 Hanover St

    Year built
    1958
    Lot size
    0.11 lot acres
    Property size
    5,380 SF
    Property type
    Turn key restaurants
    APN
    12-06-21-109-008
    APU
    120621109008

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Okawville
    County
    Washington
    State
    Illinois
    Longitude
    -89.549
    Latitude
    38.435

    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
    $3,419
    $1,617
    $42,141
    $43,758
    -
    $4,851
    $126,423
    $131,274

    Comparable in this City

    • Value Estimation by Request
      12,400 SF

      4439 Il-177

      Restaurants • 12,400 SF
      4439 Il-177, Okawville, IL 62271
      View Details
    • Value Estimation by Request
      8,646 SF

      205 Hanover St

      BAR, TAVERN • 8,646 SF
      205 Hanover St, Okawville, IL 62271
      View Details
    • Value Estimation
      $270,000
      2,800 SF

      1510 Frontage Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,800 SF
      1510 Frontage Rd, Okawville, IL 62271-2327
      View Details
    • Value Estimation
      $240,000
      4,376 SF

      100 Frnt St

      AUTO REPAIR, GARAGE • 4,376 SF
      100 Frnt St, Okawville, IL 62271-2110
      View Details
    • Value Estimation
      $215,000
      2,240 SF

      208 12th St

      SHOW ROOM, WAREHOUSE • 2,240 SF
      208 12th St, Okawville, IL 62271
      View Details
    • Value Estimation
      $160,000
      2,904 SF

      109 Elm St

      SHOW ROOM, WAREHOUSE • 2,904 SF
      109 Elm St, Okawville, IL 62271-1701
      View Details
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    611 Hanover St
    Okawville, IL 62271
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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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