NOT LISTED FOR SALE

407 S 4th St Dunlap, IL 61525

-- Bed
-- Bath
-- Sq Ft
0.85 Acres

Last Sold October 31, 2022

Last sale price $560,000

1,177 Days on Market

About This Home

As of October 2022

Want to grow your portfolio? Great investment opportunity! Multiple tenant's in the complex including Wine Time. High traffic location right across from Dunlap High School. Approved plans to add another building to the property on the West side for an additional 3,000 SF.

Last Agent to Sell the Property

Katie Kim

The Kim Group License #471020018 Listed on: 05/06/2019

Last Buyer's Agent

Katie Kim

The Kim Group License #471020018 Listed on: 05/06/2019

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $12,568

Year Built

  • Built in 2013

Lot Details

  • 0.85

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for real estate taxes, insurance, common area maintenance, janitorial, trash, snow/lawn, gas, electric, cooling, water/sewer
  • The owner pays for structural maintenance

Property Details

Property Type

Other

Est. Annual Taxes

$12,568

Year Built

Built in 2013

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Industrial, Investment, Office, Other, Restaurant, Retail, Warehouse
  • Lvt Date: 05/30/2019
  • Year Built: 2013
  • Flood Insurance: Unknown
  • Handicap Modified: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete, Carpeted, Tile/Vinyl
  • Maximum Ceiling Ht Feet: 12
  • Total Building Sq Ft: 4500

Exterior Features

  • Exterior Finish: Aluminum, Brick, Other Exterior Finish, Wood Siding
  • Frontage Access: Paved 2Lane, Frontage Road, State Road
  • Insulation: Party Walls, Roof, Side Walls
  • Roof Construction: Comp Shingle, Sloped
  • Wall Construction: Frame, Masonry, Steel/WD Frame

Garage/Parking

  • Numberparking Spaces Allocated: 28

Utilities

  • Cooling: Central Air, Individual Control, Individual Units
  • Heating: Forced Air, Gas, Electric, Individual Units
  • Water Supply: Municipal/City

Association/Amenities

  • Amenities: Cable

Lot Info

  • Estimated Number of Acres: 0.85
  • Zoning: commercial
  • Estimated Land Size: 132x280.5
  • Geo Subdivision: IL

Rental Info

  • Lease Type: Net
  • Owner Pays: Structural Maintenance
  • Sale Lease Includes: Building, Land
  • Tenant Pays: Real Estate Taxes, Insurance, Common Area Maint, Janitorial, Trash, Snow/Lawn, Gas, Electric, Cooling, Water/Sewer
  • Terms Lease: 5 Years
  • Lease Renewal: 3.0

Tax Info

  • Annual Taxes: 12567.5
  • Parcel Id Number Tax Id: 08-15-228-039
  • Tax Incentive: None
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2019
Closed on
Nov 4, 2022
Sold by
Dejsck Llc-Series
Bought by
Kbm Commercial Llc
Seller's Agent
Katie Kim
The Kim Group
Buyer's Agent
Katie Kim
The Kim Group
List Price
$950,000
Sold Price
$560,000
Premium/Discount to List
-$390,000
-41.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Outstanding Balance
$849,196
Interest Rate
6.7%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Kbm Commercial Llc $560,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kbm Commercial Llc $1,050,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2022 10/31/22 Sold $560,000 -23.9% --
01/24/2022 01/24/22 Price Changed $735,500 -22.6% --
05/06/2019 05/06/19 For Sale $950,000 -- --
Source: RMLS Alliance

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 $14,820 $206,370 $33,800 $172,570
2023 $13,663 $189,330 $31,010 $158,320
2022 $10,921 $150,000 $28,490 $121,510
2021 $11,043 $150,000 $28,490 $121,510
2020 $11,153 $150,000 $28,490 $121,510
2019 $12,738 $174,710 $29,070 $145,640
2018 $12,568 $174,660 $29,060 $145,600
2017 $12,816 $176,420 $29,350 $147,070
2016 $9,896 $169,010 $29,360 $139,650
2015 -- $135,340 $28,780 $106,560
Source: Public Records

Agents Affiliated with this Home

  • Katie Kim

    Seller's Agent in 2022

    Katie Kim

    The Kim Group

    (309) 693-9900

    31 Total Sales

    Katie Kim
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Map

Source: RMLS Alliance

MLS Number: RMAPA1205270

RMLS Alliance

APN: 08-15-228-039

Illinois Peoria County Dunlap 61525

407 S 4th St, Dunlap, IL

This home is located at 407 S 4th St, Dunlap, IL 61525 since 06 May 2019. This property was built in 2013. 407 S 4th St is a home located in Peoria County with nearby schools including Dunlap Grade School, Dunlap Valley Middle School, and Dunlap High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

RMLS Alliance IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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