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    Chicagoland Brokers Inc.

    5151 N. Harlem Ave. Suite 201, Chicago, IL 60656
    (773) 745-1000
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    Size: 10+ agents

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    Listings

    For Sale (32)

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    Carpentersville Land For Sale
    $2,500,000
    13.54 Acres

    Carpentersville Land For Sale

    Large property suitable for various uses in a TIF district.

    Rte, Carpentersville, IL 60110
    View details
    Mixed-Use Property Near St. Rita
    $219,000
    0.09 Acres

    Mixed-Use Property Near St. Rita

    Mixed-use property with storefronts and apartment near high-traffic area.

    2451 W 79Th St, Chicago, IL 60652
    View details
    Pilsen Land Development Opportunity
    $250,000

    Pilsen Land Development Opportunity

    3000 sq ft land in Pilsen, suitable for development.

    2029 W 17Th St, Chicago, IL 60608
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    Chicago Commercial Condo For Sale
    $389,900
    2,000 SF

    Chicago Commercial Condo For Sale

    Never occupied commercial condo with endless possibilities for businesses.

    833 N California Ave, Chicago, IL 60622
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    Orland Park Commercial Parcel
    $449,900
    1.10 Acres

    Orland Park Commercial Parcel

    1.01-acre commercial parcel in Orland Park's Business District.

    15459 S 70Th Ct, Orland Park, IL 60462
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    Chicago Land Ready For Development
    $749,000
    0.26 Acres

    Chicago Land Ready For Development

    11,252 square feet of land ready for development.

    5001-5015 N Harlem Ave, Chicago, IL 60656
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    Move-In Ready Chicago 2-Flat
    $379,000

    Move-In Ready Chicago 2-Flat

    Well-maintained 2-unit building near parks, schools, and the beach.

    10653 S Mackinaw Ave, Chicago, IL 60617
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    Vacant Lot in Chicago
    Contact for pricing

    Vacant Lot in Chicago

    RS-3 zoned vacant lot ready for development in Chicago.

    7149 S Champlain Ave, Chicago, IL 60619
    View details
    LAND - Schaumburg, IL
    $360,000

    LAND - Schaumburg, IL

    Land

    6 Stone Bridge Ct, Schaumburg, IL 60193
    View details
    Chicago Land with Approved Plans
    $1,200,000

    Chicago Land with Approved Plans

    Vacant lot with permits for mixed-use development in Chicago.

    855 N California Ave, Chicago, IL 60622
    View details
    Palatine Land For Sale
    $512,000
    3.20 Acres

    Palatine Land For Sale

    3.2 acre commercial land available in Palatine, Illinois.

    20638 Lake Cook Rd, Palatine, IL 60074
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    Orland Park Industrial Land Available
    $449,900
    1.10 Acres

    Orland Park Industrial Land Available

    1.1 acre industrial land for sale in Orland Park.

    15459 S 70Th Ct, Orland Park, IL 60462
    View details
    Waterfront Land in South Barrington
    $699,000
    1.88 Acres

    Waterfront Land in South Barrington

    1.879 acre waterfront lot in gated Magnolia Pointe subdivision.

    30 Star Ln, South Barrington, IL 60010
    View details
    Remodeled Chicago Triplex with Expansion Potential
    $549,000

    Remodeled Chicago Triplex with Expansion Potential

    Remodeled triplex with expansion potential near Ogden Ave and I-290.

    1431 S Tripp Ave, Chicago, IL 60623
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    Midway Airport Commercial Assemblage Opportunity
    $3,195,000
    1.00 Acre

    Midway Airport Commercial Assemblage Opportunity

    Large commercial assemblage near Midway Airport with redevelopment potential.

    5944 W 65Th St, Chicago, IL 60638
    View details
    Development Land in Woodlawn Area
    $350,000
    0.12 Acres

    Development Land in Woodlawn Area

    Development opportunity near upcoming Obama Presidential Center and local amenities.

    1524 E Marquette Rd, Chicago, IL 60637
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    Chicago Multifamily Property with Oversized Lot
    $949,999

    Chicago Multifamily Property with Oversized Lot

    Well-maintained multi-unit property near 606 trail, Wicker Park, Humboldt Park.

    1728 N Francisco Ave, Chicago, IL 60647
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    Commercial Land in Chicago, IL
    $270,000
    0.07 Acres

    Commercial Land in Chicago, IL

    Commercial land available for sale in Chicago, Illinois.

    2817 W 63Rd St, Chicago, IL 60629
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    Commercial Land in Melrose Park
    $499,900
    0.23 Acres

    Commercial Land in Melrose Park

    Commercial land available in Melrose Park, Illinois.

    1911 Rice St, Melrose Park, IL 60160
    View details
    Maywood Multifamily Investment Opportunity
    $264,999

    Maywood Multifamily Investment Opportunity

    Five-unit building with coach house, rehab potential, and ample parking.

    1718 S 6Th Ave, Maywood, IL 60153
    View details
    Chicago Commercial Property for Sale
    $729,000
    0.06 Acres

    Chicago Commercial Property for Sale

    Commercial property available in Chicago, Illinois.

    7706 W Belmont Ave, Chicago, IL 60634
    View details
    Corner Mixed-Use Investment Property
    $1,199,000
    0.14 Acres

    Corner Mixed-Use Investment Property

    Corner mixed-use building with retail space, basement storage, and two 2-bedroom apartments for combined income potential.

    3256 N Elston Ave, Chicago, IL 60618
    View details
    Melrose Park Multifamily Property
    $749,000

    Melrose Park Multifamily Property

    Multifamily property in Melrose Park with large apartments and parking.

    1720 N 1St Ave, Melrose Park, IL 60160
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    Melrose Park Multifamily Opportunity
    $749,000

    Melrose Park Multifamily Opportunity

    Multifamily property in Melrose Park with six apartments and parking.

    1730 N 1St Ave, Melrose Park, IL 60160
    View details
    Prime Aurora Business Opportunity
    $1,965,000
    2,725 SF

    Prime Aurora Business Opportunity

    Former KFC, Drive-Thru, High Visibility

    915 Lake St, Aurora, IL 60506
    View details
    Freestanding Drive-Thru Restaurant Building
    $1,965,000

    Freestanding Drive-Thru Restaurant Building

    Freestanding drive-thru restaurant in central business district, for sale.

    915 N Lake St, Aurora, IL 60506
    View details
    Waterfront Lot in Gated Subdivision
    $699,000

    Waterfront Lot in Gated Subdivision

    1.88-acre waterfront lot in a prestigious, gated community.

    30 Star Ln, South Barrington, IL 60010
    View details
    Avondale Restaurant and Apartment Building
    $1,225,000
    6,250 SF

    Avondale Restaurant and Apartment Building

    Restaurant and apartments in booming Avondale, great visibility, high traffic.

    3256 North Elston Ave, Chicago, IL 60618
    View details
    Land For Sale Palatine
    $514,000

    Land For Sale Palatine

    Land available for sale in Palatine, Illinois.

    20638 Lake Cook Rd, Palatine, IL 60074
    View details
    Mixed-Use Building with Income Potential
    $1,390,000
    6,450 SF

    Mixed-Use Building with Income Potential

    Mixed-use building featuring commercial spaces and residential apartments.

    4507-4509 North Clark St, Chicago, IL 60640
    View details
    Melrose Park Multifamily Investment Opportunity
    $749,000

    Melrose Park Multifamily Investment Opportunity

    Six-unit building with recent upgrades and parking.

    1730 North 1St Ave, Melrose Park, IL 60160
    View details
    Melrose Park Multifamily Investment Opportunity
    $749,000

    Melrose Park Multifamily Investment Opportunity

    Six-unit building with recent updates and parking.

    1720 North 1St Ave, Melrose Park, IL 60160
    View details

    For Lease (5)

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    Industrial Building in Prime Location
    Contact for pricing
    18,731 SF

    Industrial Building in Prime Location

    10,000 SF industrial building available for lease in 2026.

    1340 Louis Ave, Elk Grove Village, IL 60007
    View details
    Rolling Meadows Warehouse with Loading
    Contact for pricing
    130,680 SF

    Rolling Meadows Warehouse with Loading

    Warehouse space available in Rolling Meadows with loading docks.

    3075 Tollview Dr, Rolling Meadows, IL 60008
    View details
    Renovated Office with On-Site Gym
    Contact for pricing
    74,052 SF

    Renovated Office with On-Site Gym

    Move-in ready office space with advanced A/V and gym.

    3005 Tollview Dr, Rolling Meadows, IL 60008
    View details
    Renovated Office Space with Gym
    $14 SF/Yr

    Renovated Office Space with Gym

    Move-in ready office space with advanced A/V and gym.

    3005 Tollview Dr, Rolling Meadows, IL 60008
    View details
    Warehouse with Loading Docks
    $14 SF/Yr

    Warehouse with Loading Docks

    Warehouse space available with loading docks and parking.

    3075 Tollview Dr, Rolling Meadows, IL 60008
    View details

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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Chicagoland Brokers Inc.
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