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    Property profile & analytics

    620 2nd St Breese, IL 62230-1652

    • Commercial real estate
    • 6,989 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimation
    $120,000
    Last Sale
    Mar 05, 2024
    $120,000
    Location Intelligence
    Property ID
    US28-1943759
    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

    • Little Augie's Pizza / Pizza Restaurant / Delivery Restaurant
    • Birth to Five Illinois Region 13 office / Association Or Organization

    Property Details for 620 2nd St

    Year built
    1930
    Construction
    CONCRETE
    Lot size
    0.19 lot acres
    Property size
    6,989 SF
    Zone code
    51
    Property type
    Commercial real estate
    APN
    06-06-22-159-005
    APU
    60622159005

    Description

    This versatile Breese, IL commercial property at 620 N 2nd Street offers a wealth of possibilities for the savvy investor. Situated on a 0.19-acre lot, the building presents a unique opportunity for various uses. Currently, the upper level functions as a month-to-month rental apartment, providing immediate income. A portion of the ground floor is also leased month-to-month to a salon, generating additional monthly revenue to help offset mortgage payments. The main level is ideally suited for conversion into apartments, retail space, or an office building, offering significant flexibility. The property's previous use as a restaurant is readily apparent, with a recently updated cocktail/bar area. This feature makes it an excellent candidate for a new restaurant venture, with the option of purchasing existing restaurant equipment at a negotiated price. The building boasts three air conditioning units and a roof that was replaced in 2024, ensuring efficient climate control and minimal maintenance concerns. Showings require advance notice. Priced at $310,000, this property represents a compelling investment opportunity with strong income potential and adaptable space.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $120,000

    • CAP approach

      CAP return
      Estimation
      6%
      $105,000
      6.5%
      $115,000
      7%
      $100,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $115,000
      Geo Method
      $110,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $115,000
      Retail
      $100,000
      Mixed-Use
      $125,000
      Hospitality
      $120,000
      Educational
      $105,000
      Residential Income
      $110,000
      Energy
      $110,000
      Income-Based Land
      $100,000
      Food Service
      $90,000

    Location Insight

    • Map
    • Local Demand
    City
    Breese
    County
    Clinton
    State
    Illinois
    Longitude
    -89.5269
    Latitude
    38.6084
    CBSA code
    41180
    CBSA name
    ST. LOUIS, MO-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
    2022
    $4,318
    $18,020
    $40,490
    $58,510
    -
    $54,060
    $121,470
    $175,530

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    Similar Nearby for Sale

    • $249,900
      0.19 Acres

      Downtown Breese Commercial Building

      Six-office building, ample parking, updated.
      644 2Nd St, Breese, IL 62230
      View Details
    • $1,200,000

      10.27 Acres Commercial Land

      10.27 acres of commercial land with highway frontage.
      9678 Holy Cross Ln, Breese, IL 62230
      View Details
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    620 2nd St
    Breese, IL 62230-1652
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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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