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    Property profile & analytics

    618 Ct St Grayville, IL 62844-1002

    • Commercial real estate
    OFF-MARKET
    Value Estimation
    $55,000
    Last Sale
    Dec 11, 2023
    $50,000
    Location Intelligence
    Property ID
    US28-5007008
    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

    • AJ’S PARLOR / Gambling House

    Property Details for 618 Ct St

    Property type
    Commercial real estate
    APN
    15-17-476-006
    APU
    1517476006

    Description

    This exceptional commercial property, located at 618 N Court Street in Grayville, Illinois, presents a unique investment opportunity. Priced at $130,000, this 0.08-acre lot houses a versatile multi-purpose building currently operating as a thriving bar and gaming center. The main area boasts a fully equipped bar with ample seating, a professional DJ booth perfect for entertainment, a pool table, large-screen TV, and a dartboard, creating a dynamic atmosphere. Twelve patrons can be comfortably seated at tables within the main space. Two additional rooms, equipped with licensed gaming machines and seating, offer further revenue streams. A convenient public restroom is located off the main room for customer use. Beyond the main bar area, a room equipped with a kitchenette and sleeping area offers significant expansion potential. This space could easily be converted into a full-service kitchen, increasing operational efficiency and potentially attracting a wider clientele. The building's current setup and established clientele provide a solid foundation for continued success, while the adaptable layout allows for diverse future uses. This property is ideal for an investor seeking a turnkey operation or an entrepreneur looking to expand their business ventures. The property's location in Grayville, Illinois, offers excellent visibility and accessibility.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $50,000

    • CAP approach

      CAP return
      Estimation
      6%
      $60,000
      6.5%
      $55,000
      7%
      $60,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $60,000
      Geo Method
      $55,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $55,000
      Retail
      $60,000
      Mixed-Use
      $70,000
      Hospitality
      $55,000
      Educational
      $70,000
      Residential Income
      $55,000
      Energy
      $65,000
      Income-Based Land
      $60,000
      Food Service
      $60,000

    Location Insight

    • Map
    • Local Demand
    City
    Grayville
    County
    Edwards
    State
    Illinois
    Longitude
    -87.9965
    Latitude
    38.2631

    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
    2019
    $598
    $2,850
    $6,140
    $8,990
    -
    $8,550
    $18,420
    $26,970

    Comparable in this City

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      View Details

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    618 Ct St
    Grayville, IL 62844-1002
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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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