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Property profile & analytics
OFF-MARKET
Gas stations
622 Main St Warrensburg, IL 62573-9629
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US28-4027651
Property summary
AI-generated overview
This exceptional 0.77-acre commercial land parcel presents a prime investment opportunity in Warrensburg, Illinois. Located at 622 E Main St, this property boasts a highly desirable location within a thriving commercial district, directly across from Casey's General Store on Illinois Route 121 and Main Street. The property's APN is 08-06-14-204-027 and is zoned MUN. Benefitting from significant daily traffic exceeding 5,500 vehicles per day (VPD), this site offers unparalleled visibility and accessibility for a wide range of commercial ventures. Its strategic placement provides excellent potential for complementary business development, capitalizing on the existing high-traffic flow and established neighborhood amenities. The asking price for this exceptional opportunity is $160,000. This property is situated in a popular suburb of Decatur, within Northwest Macon County, Illinois, zip code 62573. The coordinates are 39.9313043 latitude and -89.0552206 longitude. This is a rare chance to acquire a well-positioned commercial lot with significant growth potential.
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION WITH FOOD MART
Lot
0.77 ac (33,541 SF)
Zoning code
MUNICIPAL
APN
08-06-14-204-027
UPID
US28-4027651
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
ATM Atm Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
121 Holdings LLC · 3 yrs held
121 Holdings LLC
since 2023
Last sale
$120,000
6 recorded transactions
Zoning & alternative use
MUNICIPAL · Warrensburg, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Warrensburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Warrensburg submarket · NOI estimate · typical band, median & reading
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8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
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T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,208
Tax year 2023
Assessed value
$13,131
Assessed 2023
Previous assessed
$12,458
+5.4% YoY
Effective rate
9.20%
On assessed value
Assessed land
$11,096
Assessed improvement
$2,035
Land market value
$33,291
Improvement market value
$6,106
Total market value
$39,397
Applied tax rate
8,138.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Gas stations
Use group
SERVICE STATION WITH FOOD MART
Status
Off-Market
Lot
0.77 ac (33,541 SF)
Zoning code
MUNICIPAL
APN
08-06-14-204-027
UPID
US28-4027651
Jurisdiction
MACON
Zoning & alternative use
MUNICIPAL · Warrensburg, ILZoning MUNICIPAL · permitted uses
MUNICIPAL · Warrensburg, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Lot
0.77 ac
Current owner
From public records · entity-resolved
121 Holdings LLC
Entity
Mailing address
630 E MAIN ST, WARRENSBURG, IL 62573-9629
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 28, 2023
—
121 Holdings LLC
—
Deed
related
$35,000 · Village Of Warrensburg
May 17, 2023
$120,000
121 Holdings LLC
Hickory Point Bank & Trust Trustee
Deed
$90,000 · First Mid Illinois Bk & Tr NA
Jul 16, 2021
$35,500
Hickory Point Bank &
Peoples National Bank Of Kewanee
Special Warranty Deed
$56,000 · First National Bank
Dec 30, 2020
—
Peoples National Bank
Ashir LLC
Quit Claim Deed
related
—
Dec 11, 2009
—
Ashir LLC
Vp Oil INC
Special Warranty Deed
$225,000 · Peoples National Bank
Dec 4, 2009
$67,500
Vp Oil LLC
Evergreen Fs INC
Warranty Deed
$225,000 · Peoples National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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