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    907 North Hemlock St Le Roy, IL 61752

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    907 North Hemlock St Le Roy, IL 61752

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    • Single family properties
    • 4,720 SF
    For Sale
    $240,000
    View Listing →
    LeRoy Commercial Warehouse with Living For Sale
    $240,000
    4,720 SF

    LeRoy Commercial Warehouse with Living

    Commercial warehouse with living space, convenient highway access.

    907 North Hemlock Street, Le Roy, IL 61752
    View Listing
    Property ID
    US28-2813357
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Single family properties

    Property Details for 907 North Hemlock St

    Year built
    1976
    Property size
    4,720 SF
    Property type
    Single family properties
    Property subtype
    Warehouses

    Description

    Unique Commercial Warehouse property available in LeRoy, Illinois. The property includes a two door garage at 720 square feet, a 3,200 square foot warehouse with two- 10 foot overhead doors and an 800 square foot living space. This beautiful and peaceful lot is located on the west side of town with easy access to Highway 150 and close to interstate 74. The property was built in 1976. The warehouse space offers a large tool bench with storage cabinets along in addition to a mop sink. The living space offers two bedrooms, a full bath and a half bath with space for washer and dryer, living room, dining room and kitchen. There is a sliding glass door with concrete patio off of the back of the living space for outdoor relaxing and hosting. Uttilities for the property are through Ameren, Nicor and the City of LeRoy, The property is being sold As-Is. This property has numerous use options. Investment property, Owner Operator, Commerical buisness or personal use. Call today for a showing!

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Le Roy
    County
    McLean
    State
    Illinois
    Longitude
    -88.7687273
    Latitude
    40.3546395

    Comparable in this City

    • $240,000

      LeRoy Commercial Warehouse with Living

      Commercial warehouse with living space, convenient highway access.
      907 North Hemlock St, Le Roy, IL 61752
      View Details
    • Contact for pricing

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      Commercial Lot in Growing Community

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    • $127,200
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      Commercial Lot in Growing Community

      Commercial lot in LeRoy, IL, near Interstate 74.
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    Similar Nearby for Sale

    • $240,000

      LeRoy Commercial Warehouse with Living

      Commercial warehouse with living space, convenient highway access.
      907 North Hemlock St, Le Roy, IL 61752
      View Details
    • $31,580

      Commercial Lots Near Interstate 74

      Commercial lots with high visibility near Interstate 74.
      Leroy Plz Lots Persimmon Dr, Le Roy, IL 61752
      View Details
    • $100,200
      1.12 Acres

      Commercial Lot in Growing Community

      50,100 sq. ft. commercial lot in LeRoy, Illinois.
      000 Sunset Dr, Le Roy, IL 61752
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    • Contact for pricing

      Commercial Lots in LeRoy Plaza

      Commercial lots with high visibility off Interstate 74.
      Persimmon Dr, Le Roy, IL 61752
      View Details
    • $76,250
      0.70 Acres

      Commercial Lot in Growing Community

      Commercial lot in LeRoy, IL, near Interstate 74.
      000 Sunset Dr, Le Roy, IL 61752
      View Details
    • $127,200
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      Commercial Lot in Growing Community

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      000 Sunset Dr, Le Roy, IL 61752
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    Similar Nearby for Lease

    • $15 SF/Yr
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      Restaurant Space in Historic District

      Restaurant space available in LeRoy's vibrant downtown historic district.
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      Downtown LeRoy Retail Space

      Versatile retail space in historic downtown LeRoy.
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      Lease Land Near Interstate 74

      Up to 1.9 acres of land available for lease.
      Lot Hemlock / Chestnut St, Le Roy, IL 61752
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    View Listing
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    Le Roy, IL 61752
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    907 North Hemlock St, Le Roy, IL, 61752

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