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    Property profile & analytics

    9981 Ellis Rd Saint Jacob, IL 62281

    • Commercial real estate
    • 1.52 lot acres
    OFF-MARKET
    Value Estimation
    $490,000
    Last Sale
    May 20, 2022
    $450,000
    Location Intelligence
    Property ID
    US28-1769892
    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

    • Commercial real estate

    Property Details for 9981 Ellis Rd

    Lot size
    1.52 lot acres
    Property type
    Commercial real estate
    APN
    05-2-23-07-00-000-023
    APU
    52230700000023

    Description

    This exceptional 8,000-square-foot warehouse, situated on a 1.5-acre lot in Madison County, presents a remarkable opportunity for businesses seeking efficient and well-maintained industrial space. Built in 1965 and extensively renovated in 2021, the property boasts a single-story design with a generous 15-foot ceiling height, providing ample room for storage and operations. The warehouse features two 12' x 14' drive-in doors, ensuring easy access for loading and unloading. A 200-square-foot office space is included, ready for immediate use. The property benefits from a strategic location, offering excellent interstate access, just 3 miles from I-70 and 10 miles from I-64, facilitating seamless transportation and logistics. The property is zoned M-1, and its ample 175-foot frontage provides excellent visibility. The warehouse is equipped with 400-amp, A3 power, ensuring sufficient electrical capacity for various industrial needs. The property is currently vacant and ready for immediate occupancy, with improvement negotiations welcome. The APN is 05-2-23-07-00-000-023. This is a single-tenant property offering significant potential for a variety of industrial uses. Don't miss this chance to secure a prime location with exceptional features.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $500,000

    • CAP approach

      CAP return
      Estimation
      6%
      $500,000
      6.5%
      $490,000
      7%
      $510,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $480,000
      Geo Method
      $490,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $480,000
      Retail
      $420,000
      Mixed-Use
      $550,000
      Hospitality
      $425,000
      Educational
      $485,000
      Residential Income
      $490,000
      Energy
      $470,000
      Income-Based Land
      $485,000
      Food Service
      $455,000

    Location Insight

    • Map
    • Local Demand
    City
    Saint Jacob
    County
    Madison
    State
    Illinois
    Longitude
    -89.8012
    Latitude
    38.7148
    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
    $3,247
    $9,960
    $36,740
    $46,700
    -
    $29,910
    $110,330
    $140,240

    Comparable in this City

    • Value Estimation by Request
      3,580 SF

      102 4th St

      COMMERCIAL (GENERAL) • 3,580 SF
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      View Details
    • Value Estimation
      $305,000
      0.50 Acres

      State Rte 4th 4

      COMMERCIAL (GENERAL) • 0.50 Acres
      State Rte 4th 4, Saint Jacob, IL 62281
      View Details
    • Value Estimation by Request
      1,680 SF

      208 6th St

      COMMERCIAL (GENERAL) • 1,680 SF
      208 6th St, Saint Jacob, IL 62281
      View Details
    • Value Estimation by Request
      0.63 Acres

      10693 Us Hwy 40

      COMMERCIAL (GENERAL) • 0.63 Acres
      10693 Us Hwy 40, Saint Jacob, IL 62281-1740
      View Details
    • Value Estimation
      $755,000
      1,040 SF

      2070 Triad Rd

      COMMERCIAL (GENERAL) • 1,040 SF
      2070 Triad Rd, Saint Jacob, IL 62281-1114
      View Details
    • Value Estimation by Request
      3,024 SF

      105 Douglas St

      COMMERCIAL (GENERAL) • 3,024 SF
      105 Douglas St, Saint Jacob, IL 62281
      View Details

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    9981 Ellis Rd
    Saint Jacob, IL 62281
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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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