NOT LISTED FOR SALE

118 S Broad St Lanark, IL 61046

Estimated Value: $137,200

-- Bed
-- Bath
4,180 Sq Ft
$33/Sq Ft Est. Value

Last Sold December 27, 2024

Last sale price $105,000 $25 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $886/month

30 Days on Market

Highlights

  • Commercial or Retail Space
  • Tile Flooring
  • Forced Air Heating and Cooling System
  • Eastland Elementary School Rated A-

About This Home

As of December 2024

WELL MAINTAINED COMMERCIAL BUILDING WITH MANY POSSIBLITIES, 2 SEPERATE DOORS ON THE MAIN STREET OF LANARK ILL, PROPERTY CAN HOLD 2 BUSINESSES W/ SHARED 2 BATHROOMS AS WELL AS A LARGE GARAGE TYPE STORAGE FACLILITY, (PLUMBED FOR A TOILET)TO THE REAR OF THE PROPERTY WITH LARGE GARAGE DOOR AND SEPERATED HEATING SYSTEM. 2 GAS FORCED AIR UNITS AND 2 CENTRAL AIR UNITS.

Last Agent to Sell the Property

Deanna Shepherd

MEL FOSTER CO. License #471007664 Listed on: 10/20/2024

MEL FOSTER CO.

Last Buyer's Agent

Amy Barnes

BARNES REALTY, INC. License #471001588

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $1,966

Year Built

  • Built in 1943

Lot Details

  • 5,663 Sq Ft Lot
  • Sprinkler System

Home Design

  • Commercial or Retail Space
  • Slab Foundation
  • Fire Rated Drywall
  • Shingle Roof

Interior Spaces

  • 4,180 Sq Ft Home
  • Tile Flooring

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Property Details

Property Type

Other

Est. Annual Taxes

$1,966

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Electric: Circuit Breaker
  • Class: COMMERCIAL/INDUSTRIAL
  • Exemptions: None
  • Type: Commercial
  • Agent Only_ L A1 User Code: F_3867
  • Hold Earnest Money Y N: Yes
  • Additional Owner Info: TOM LAIKEN
  • Designated Managing Broker Y N: Yes
  • Key Y N: No
  • Merc Manuf Sq Ft: 2940
  • Number Doors: 3
  • Assessor Parcel Number: 061005303046
  • Sprinkler Yn: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Walls: Drywall
  • Insulation: Unknown
  • Basement: Slab
  • Total Finished Sq Ft: 4180
  • Flooring: Tile, Other

Exterior Features

  • Exterior: Brick & Frame
  • Roof: Shingle

Garage/Parking

  • Parking: BACK AND STREET

Utilities

  • Sewer: City
  • Water: City
  • Water Heater: Electric
  • Air Conditioner: Central
  • Heat: Gas Forced Air

Lot Info

  • Number Of Acres: 0.13

Building Info

  • Year Built: 1943

Tax Info

  • Year: 2023
  • Taxes: 1966

Multi Family

  • Lease: No

MLS Schools

  • School District: River Ridge

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/27/2024 12/27/24 Sold $105,000 -25.0% $25 / Sq Ft
11/19/2024 11/19/24 Pending -- -- --
10/20/2024 10/20/24 For Sale $140,000 -- $33 / Sq Ft
Source: NorthWest Illinois Alliance of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,031 $28,035 $3,842 $24,193
2023 $2,031 $25,031 $3,430 $21,601
2022 $2,038 $25,031 $3,430 $21,601
2021 $2,116 $25,031 $3,430 $21,601
2020 $2,074 $24,438 $3,430 $21,008
2019 $2,149 $24,438 $3,430 $21,008
2018 $2,153 $24,438 $3,430 $21,008
2017 $2,133 $24,438 $3,430 $21,008
2016 $2,131 $24,611 $3,430 $21,181
2015 $2,114 $24,611 $3,430 $21,181
2014 $2,084 $24,611 $3,430 $21,181
2013 $2,084 $24,611 $3,430 $21,181
Source: Public Records

Agents Affiliated with this Home

  • Deanna Shepherd

    Seller's Agent in 2024

    Deanna Shepherd

    MEL FOSTER CO.

    (815) 273-2985

    285 Total Sales

    Deanna Shepherd
    Section Image
  • Amy Barnes

    Buyer's Agent in 2024

    Amy Barnes

    BARNES REALTY, INC.

    (815) 238-8360

    259 Total Sales

    Amy Barnes
    Section Image
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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202406024

NorthWest Illinois Alliance of REALTORS®

APN: 06-10-05-303-046

Illinois Carroll County Lanark 61046

118 S Broad St, Lanark, IL

Not Listed for Sale

Other

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