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    Property profile & analytics

    Newman, IL 61942

    • Commercial real estate
    • 1,728 SF
    • 6.34 lot acres
    OFF-MARKET
    Value Estimation
    $210,000
    Location Intelligence
    Property ID
    US28-5146074
    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

    Year built
    1992
    Lot size
    6.34 lot acres
    Property size
    1,728 SF
    Property type
    Commercial real estate
    APN
    07-05-31-400-00200
    APU
    7053140000200

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Newman
    County
    Douglas
    State
    Illinois
    Longitude
    -87.9856
    Latitude
    39.7988

    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
    $2,604
    $27,614
    $11,593
    $39,207
    -
    $82,842
    $34,779
    $117,621

    Comparable in this City

    • Value Estimation by Request
      5,600 SF

      106 Broadway St

      COMMERCIAL (GENERAL) • 5,600 SF
      106 Broadway St, Newman, IL 61942-7002
      View Details
    • Value Estimation by Request
      1,900 SF

      120 Broadway St

      COMMERCIAL (GENERAL) • 1,900 SF
      120 Broadway St, Newman, IL 61942
      View Details
    • Value Estimation by Request
      3,200 SF

      Newman, IL 61942

      COMMERCIAL (GENERAL) • 3,200 SF
      Newman, IL 61942
      View Details
    • Value Estimation
      $270,000
      1,950 SF

      2532nd E Us Hwy 36

      COMMERCIAL (GENERAL) • 1,950 SF
      2532nd E Us Hwy 36, Newman, IL 61942-9478
      View Details
    • Value Estimation by Request
      2,800 SF

      112 Broadway St

      COMMERCIAL (GENERAL) • 2,800 SF
      112 Broadway St, Newman, IL 61942-7002
      View Details
    • Value Estimation by Request
      1,200 SF

      112 Broadway St

      COMMERCIAL (GENERAL) • 1,200 SF
      112 Broadway St, Newman, IL 61942
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land with Versatile Outbuilding

      Land with outbuilding, barn, and mature trees in Newman, Illinois.
      400 N Hopkins St, Newman, IL 61942
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    • $299,900
      3,910 SF

      Profitable Newman Bar & Grill

      Established Bar/Restaurant, Great Location
      107 Yates St, Newman, IL 61942
      View Details
    • Contact for pricing

      Land for Sale in Newman

      Residential land available in Newman, Illinois, ideal for building a home.
      201 W Shute St, Newman, IL 61942
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    • Contact for pricing

      Residential Lot in Newman, Illinois

      120 x 100 lot ready for your dream build!
      403 N Hopkins St, Newman, IL 61942
      View Details
    • Contact for pricing
      65,383 SF

      Redevelopment Opportunity in Newman, Illinois

      65,383 SF warehouse/manufacturing facility on 6.58 acres for sale.
      2475 E Us Highway 36, Newman, IL 61942
      View Details
    • $240,000
      2,173 SF

      Established Restaurant Business Opportunity

      Well-established restaurant for sale with equipment and highway frontage.
      2578 E Us Highway 36, Newman, IL 61942
      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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