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    Property profile & analytics

    Farmer City, IL 61842

    • Commercial real estate
    • 2.59 lot acres
    OFF-MARKET
    Value Estimation
    $205,000
    Location Intelligence
    Property ID
    US28-4740421
    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
    2.59 lot acres
    Property type
    Commercial real estate
    APN
    02-36-21-005-006-01
    APU
    2362100500601

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Farmer City
    County
    Piatt
    State
    Illinois
    Longitude
    -88.5934
    Latitude
    40.2321
    CBSA code
    16580
    CBSA name
    CHAMPAIGN-URBANA, 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
    2023
    $1,847
    $9,358
    $13,187
    $22,545
    -
    $28,074
    $39,561
    $67,635

    Comparable in this City

    • Value Estimation by Request
      4.13 Acres

      661 State Hwy 54

      COMMERCIAL (GENERAL) • 4.13 Acres
      661 State Hwy 54, Farmer City, IL 61842
      View Details
    • Value Estimation by Request
      3,900 SF

      201 Main St

      COMMERCIAL (GENERAL) • 3,900 SF
      201 Main St, Farmer City, IL 61842-1455
      View Details
    • Value Estimation by Request
      2.25 Acres

      1401 Clinton Ave

      COMMERCIAL (GENERAL) • 2.25 Acres
      1401 Clinton Ave, Farmer City, IL 61842-1392
      View Details
    • Value Estimation by Request
      2,160 SF

      1230 George Rock Dr

      COMMERCIAL (GENERAL) • 2,160 SF
      1230 George Rock Dr, Farmer City, IL 61842-9488
      View Details
    • Value Estimation by Request
      2,948 SF

      119 Grn St

      COMMERCIAL (GENERAL) • 2,948 SF
      119 Grn St, Farmer City, IL 61842
      View Details
    • Value Estimation
      $295,000
      1.42 Acres

      702 Arbor Pl

      COMMERCIAL (GENERAL) • 1.42 Acres
      702 Arbor Pl, Farmer City, IL 61842-1376
      View Details

    Similar Nearby for Sale

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    • New
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      Commercial Land Ready For Development

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    • New
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      Lakefront Lot in Farmer City

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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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