NOT LISTED FOR SALE

320 E Main St Rochester, IL 62563

Rochester Area

Estimated Value: $282,660

Studio
-- Bath
-- Sq Ft
0.27 Acre Lot

Sale Details

Date Sold: January 11, 2023

Last sale price $230,000

Est. 23% increase in value since last sale

Current estimated payment $2,020 / mo

35 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Rochester High School Rated A-
  • 1-minute walk to Sangchris Lake State Park

About This Home

As of January 2023

Investors! Here’s your chance to own a lucrative commercial space in Rochester, presently operating as The Alibi Bar & Grill. This full service, 2000 Sq Ft building was completely rehabilitated in 2016, and tenant is currently serving a modified gross lease through 2025.

Last Agent to Sell the Property

Matt Garrison

The Real Estate Group, Inc. License #475176635 Listed on: 11/04/2022

The Real Estate Group, Inc.

Last Buyer's Agent

Matt Garrison

The Real Estate Group, Inc. License #475176635 Listed on: 11/04/2022

The Real Estate Group, Inc.

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $3,371

Lot Details

  • 0.27

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • The owner pays for real estate taxes, insurance, common area maintenance

Property Details

Property Type

Other

Est. Annual Taxes

$3,371

Lot Details

0.27 Acres

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Bar/Tavern
  • Lvt Date: 11/04/2022
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Total Building Sq Ft: 2000

Exterior Features

  • Exterior Finish: Brick, Vinyl
  • Frontage Access: Corner Lot, City Street
  • Insulation: Unknown
  • Roof Construction: Wood/Shingle/Shake
  • Wall Construction: Frame

Utilities

  • Cooling: Central Air
  • Heating: Forced Air

Lot Info

  • Estimated Number of Acres: 0.27
  • Zoning: B1
  • Geo Subdivision: IL
  • Property Use: Other Property Use

Rental Info

  • Lease Type: Gross
  • Owner Pays: Real Estate Taxes, Insurance, Common Area Maint
  • Sale Lease Includes: Building
  • Terms Lease: Other Term/Lease

Tax Info

  • Annual Taxes: 3371.18
  • Parcel Id Number Tax Id: 23-15.0-304-017
  • Tax Incentive: None
  • Tax Year: 2021

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2022
Closed on
Jan 19, 2023
Sold by
Bought by
Seller's Agent
Matt Garrison
The Real Estate Group, Inc.
Buyer's Agent
Matt Garrison
The Real Estate Group, Inc.
List Price
$279,900
Sold Price
$230,000
Premium/Discount to List
-$49,900
-17.83%
Views
28
Current Estimated Value
$282,660

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,660
Avg. Annual Appreciation
6.07%
Original Mortgage
$185,000
Interest Rate
0.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 14, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
0.032%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 10, 2016

Purchase Details

Closed on
Oct 21, 2015

Purchase Details

Closed on
Nov 3, 2004

Purchase Details

Closed on
Nov 1, 2003

Purchase Details

Closed on
Mar 2, 2001
Source: Public Records

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

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$230,000 --
$195,000 Sgro Hanrahan Durr Rabin & Bru
-- --
$57,000 --
-- --
$160,000 --
$160,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $185,000
Previous Owner $156,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/11/2023 01/11/23 Sold $230,000 -11.5% --
12/09/2022 12/09/22 Pending -- -- --
11/21/2022 11/21/22 Price Changed $259,900 -7.1% --
11/08/2022 11/08/22 For Sale $279,900 0.0% --
11/05/2022 11/05/22 Pending -- -- --
11/04/2022 11/04/22 For Sale $279,900 -- --
Source: RMLS Alliance

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $5,911 $84,902 $4,305 $80,597
2024 $5,817 $82,110 $4,163 $77,947
2023 $3,635 $49,587 $3,954 $45,633
2022 $3,505 $46,953 $3,744 $43,209
2021 $3,371 $45,077 $3,594 $41,483
2020 $3,311 $44,499 $3,548 $40,951
2019 $3,250 $44,790 $3,571 $41,219
2018 $3,224 $44,072 $3,514 $40,558
2017 $3,176 $43,606 $3,477 $40,129
2016 $3,081 $42,180 $3,363 $38,817
2015 $1,394 $19,001 $3,358 $15,643
2014 $3,787 $51,575 $2,249 $49,326
2013 $3,733 $50,983 $2,223 $48,760
Source: Public Records

Agents Affiliated with this Home

  • Matt Garrison

    Seller's Agent in 2023

    Matt Garrison

    The Real Estate Group, Inc.

    (217) 638-8500

    334 Total Sales

    Matt Garrison
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Map

Source: RMLS Alliance

MLS Number: RMACA1019063

RMLS Alliance

APN: 23-15.0-304-017

Illinois Sangamon County Rochester 62563

320 E Main St, Rochester, IL

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Listings courtesy of RMLS Alliance as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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