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    Property profile & analytics

    State Rte 23 Waterman, IL 60556

    • Commercial real estate
    • 5.47 lot acres
    OFF-MARKET
    Value Estimation
    $325,000
    Last Sale
    Feb 02, 2023
    Location Intelligence
    Property ID
    US28-3433697
    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 State Rte 23

    Lot size
    5.47 lot acres
    Property type
    Commercial real estate
    APN
    14-14-100-001
    APU
    1414100001

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Waterman
    County
    Dekalb
    State
    Illinois
    Longitude
    -88.7538
    Latitude
    41.7746
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI 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
    $2,828
    $18,144
    $19,321
    $37,465
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      150 Cedar St

      COMMERCIAL (GENERAL)
      150 Cedar St, Waterman, IL 60556
      View Details
    • Value Estimation
      $2,855,000
      5.15 Acres

      9450 Leland Rd

      COMMERCIAL (GENERAL) • 5.15 Acres
      9450 Leland Rd, Waterman, IL 60556
      View Details
    • Value Estimation by Request
      5.00 Acres

      13364 State Rte 23

      COMMERCIAL (GENERAL) • 5.00 Acres
      13364 State Rte 23, Waterman, IL 60556-4036
      View Details
    • Value Estimation
      $365,000
      1.55 Acres

      10001 Lincoln St

      COMMERCIAL (GENERAL) • 1.55 Acres
      10001 Lincoln St, Waterman, IL 60556
      View Details
    • Value Estimation
      $290,000
      0.19 Acres

      Waterman, IL 60556

      COMMERCIAL (GENERAL) • 0.19 Acres
      Waterman, IL 60556
      View Details
    • Value Estimation
      $290,000
      0.21 Acres

      250 Adams St

      COMMERCIAL (GENERAL) • 0.21 Acres
      250 Adams St, Waterman, IL 60556-4001
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,000 SF

      Adams Street Mixed-Use Business

      Profitable Waterman, IL business for sale
      100 Adams St, Waterman, IL 60556
      View Details
    • $375,000
      0.06 Acres

      Mixed-Use Building in Waterman, IL

      Mixed-use building with apartments and commercial spaces in downtown Waterman.
      E Lincoln St, Waterman, IL 60556
      View Details
    • $375,000
      2,240 SF

      Waterman Mixed-Use Investment Opportunity

      Prime Highway Location, Income Producing Property
      250 Lincoln Hwy, Waterman, IL 60556
      View Details
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    State Rte 23
    Waterman, IL 60556
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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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