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    Property profile & analytics

    Spring Bay, IL 61611

    • Commercial real estate
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US28-3165496
    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 Spring

    Property type
    Commercial real estate
    APN
    07-02-419-013
    APU
    702419013

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bay
    County
    Woodford
    State
    Illinois
    Longitude
    -89.5224
    Latitude
    40.8221
    CBSA code
    37900
    CBSA name
    PEORIA, 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
    $233
    $2,925
    $0.00
    $2,925
    -
    $8,775
    $0.00
    $8,775

    Comparable in this City

    • Value Estimation by Request
      1.32 Acres

      Bass Pro Dr

      Land • 1.32 Acres
      0 Bass Pro Dr, East Peoria, IL 61611
      View Details
    • Value Estimation by Request

      015 Harris Rd

      Land
      015 Harris Rd, East Peoria, IL 61611
      View Details
    • Value Estimation by Request
      2.55 Acres

      116 Spring Bay Rd

      Land • 2.55 Acres
      116 Spring Bay Rd, East Peoria, IL 61611
      View Details
    • Value Estimation by Request
      0.14 Acres

      E

      COMMERCIAL (GENERAL) • 0.14 Acres
      E, Peoria, IL 61611
      View Details
    • Value Estimation by Request

      215 Washington St

      COMMERCIAL (GENERAL)
      215 Washington St, Peoria, IL 61611-2416
      View Details
    • Value Estimation by Request

      E

      COMMERCIAL (GENERAL)
      E, Peoria, IL 61611
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14.00 Acres

      East Peoria Commercial Land

      14-35 Acres, Prime Location
      0 Pinecrest And Muller Rd, East Peoria, IL 61611
      View Details
    • $517,500
      1.32 Acres

      East Peoria Riverfront Commercial Land

      1.32 Acres, Prime Location, $517,500
      0 Bass Pro Dr, East Peoria, IL 61611
      View Details
    • $79,900

      East Peoria Commercial Land - $79,900

      Prime East Peoria lot, multi-family zoning.
      1 Briarbrook Dr, East Peoria, IL 61611
      View Details
    • $888,624
      2.55 Acres

      Prime East Peoria Commercial Land

      2.55 Acres, Redevelopment Opportunity
      116 Spring Bay Rd, East Peoria, IL 61611
      View Details
    • $264,900

      East Peoria Multi-Family Land

      3.75-Acre R-4 Zoned Lot, Great Location
      015 Harris Rd, East Peoria, IL 61611
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      2,409 SF

      East Peoria Office Space For Lease

      Prime East Peoria Office Building, 4,580 sq ft
      420 Main St, East Peoria, IL 61611
      View Details
    • $12 SF/Yr
      32,094 SF

      East Peoria Commercial Spaces

      High-visibility retail/office suites.
      2400-2519 Main St, East Peoria, IL 61611
      View Details
    • $5 SF/Yr
      15,000 SF

      East Peoria Industrial Spaces Available

      Six flex/warehouse units, 600-5480 sq ft
      125 Thunderbird Ln, East Peoria, IL 61611
      View Details
    • $12 SF/Yr
      86,224 SF

      Fondulac Plaza Retail Center

      East Peoria Shopping Center - Spaces Available
      2400 Washington St, East Peoria, IL 61611
      View Details
    • $4 SF/Yr
      11,880 SF

      Warehouse Space in Warehouse District

      11,880 SF warehouse space for lease. Loft style with exposed brick.
      836 SW Washington St, Peoria, IL 61611
      View Details
    • Contact for pricing
      9,000 SF

      Retail/Office Space For Lease

      1,160 SF retail/office space available for lease.
      100 W Spring Creek Rd, East Peoria, IL 61611
      View Details
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    Spring
    Bay, IL 61611
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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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