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    Property profile & analytics

    Colchester, IL 62326

    • Commercial real estate
    • 2.00 lot acres
    OFF-MARKET
    Value Estimation
    $875,000
    Location Intelligence
    Property ID
    US28-4603206
    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

    Lot size
    2.00 lot acres
    Property type
    Commercial real estate
    APN
    05-000-091-10
    APU
    500009110

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Colchester
    County
    Mcdonough
    State
    Illinois
    Longitude
    -90.779
    Latitude
    40.4305
    CBSA code
    31380
    CBSA name
    MACOMB, IL MICROPOLITAN 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
    2023
    $3,936
    $5,186
    $32,999
    $38,185
    -
    $15,558
    $98,997
    $114,555

    Comparable in this City

    • Value Estimation by Request

      302 Wn St

      COMMERCIAL (GENERAL)
      302 Wn St, Colchester, IL 62326-1088
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      0.15 Acres

      Colchester, IL 62326

      COMMERCIAL (GENERAL) • 0.15 Acres
      Colchester, IL 62326
      View Details
    • Value Estimation by Request

      117 Coal St

      COMMERCIAL (GENERAL)
      117 Coal St, Colchester, IL 62326
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    • Value Estimation by Request

      210 Elizabeth St

      COMMERCIAL (GENERAL)
      210 Elizabeth St, Colchester, IL 62326-1070
      View Details
    • Value Estimation by Request
      1.70 Acres

      8115 Us Hwy 136

      COMMERCIAL (GENERAL) • 1.70 Acres
      8115 Us Hwy 136, Colchester, IL 62326-1783
      View Details
    • Value Estimation by Request
      5.70 Acres

      8550 Us Hwy 136 Hwy

      Land • 12,400 SF
      8550 Us Hwy 136 Hwy, Colchester, IL 62326
      View Details

    Similar Nearby for Sale

    • $50,000
      1,750 SF

      Colchester Commercial Building - $50K

      Prime Colchester location, ready for your business!
      114 Market St, Colchester, IL 62326
      View Details
    • $50,000
      1,750 SF

      Downtown Colchester Commercial Land & Building

      Prime Vacant Commercial Property; 1750 sq ft, $50k
      114 Market St, Colchester, IL 62326
      View Details
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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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