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    Listings

    For Sale (24)

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    Updated Six-Flat Apartment Building
    $1,100,000
    0.76 Acres

    Updated Six-Flat Apartment Building

    Well-maintained six-unit apartment building with garage in Manhattan, Illinois.

    235 Woodrow St, Manhattan, IL 60442
    View details
    High-End Office Space Available
    $1,099,000
    5,418 SF

    High-End Office Space Available

    Premium office space with flexible layout and high-end finishes.

    2005 S Bloomingdale Rd, Glendale Heights, IL 60139
    View details
    Residential Land Near Downtown Lombard
    $259,000
    0.18 Acres

    Residential Land Near Downtown Lombard

    Residential lot for custom home construction near downtown Lombard.

    471 S Garfield Ter, Lombard, IL 60148
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    Residential Lot in Lombard, IL
    $74,900
    0.20 Acres

    Residential Lot in Lombard, IL

    Residential lot for sale in Lombard, build your dream home.

    621 W Wilson Ave, Lombard, IL 60148
    View details
    Downers Grove Land For Sale
    $125,000
    1.20 Acres

    Downers Grove Land For Sale

    1.2 acre lot with prairie and park views.

    4436 Lee Ave, Downers Grove, IL 60515
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    Downers Grove Land Opportunity
    $250,000
    0.30 Acres

    Downers Grove Land Opportunity

    0.3 acre lot in desirable Farmingdale Village subdivision.

    10S065 Havens Dr, Downers Grove, IL 60516
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    Established Auto Repair Business
    $1,290,000
    0.34 Acres

    Established Auto Repair Business

    Auto repair business for sale on Ogden Avenue.

    1801 Ogden Ave, Lisle, IL 60532
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    Lake Thunderbird Waterfront Lot
    $74,900
    0.39 Acres

    Lake Thunderbird Waterfront Lot

    Waterfront lot on Lake Thunderbird with community amenities.

    36 Magnolia Dr, Putnam, IL 61560
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    Lombard Lot in Prime Location
    $249,000
    0.18 Acres

    Lombard Lot in Prime Location

    Rare 87-foot wide lot near downtown Lombard.

    451 S Garfield Ter, Lombard, IL 60148
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    Commercial Land in Downtown Lisle
    $795,000
    0.64 Acres

    Commercial Land in Downtown Lisle

    Prime commercial land with high visibility and easy access.

    1002 Ogden Ave, Lisle, IL 60532
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    Oswego, IL Land For Sale
    $295,000
    1.19 Acres

    Oswego, IL Land For Sale

    1.19 acre industrial land available in Oswego, Illinois.

    94 Templeton Dr, Oswego, IL 60543
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    Retail Lot on Ogden Avenue
    $795,000
    0.65 Acres

    Retail Lot on Ogden Avenue

    Commercial land for sale with high-exposure location.

    1002 Ogden Ave, Lisle, IL 60532
    View details
    High-Visibility Storefront on Main Street
    $1,000,000
    0.60 Acres

    High-Visibility Storefront on Main Street

    Storefront with lease in place, sold with adjacent property.

    10709 N Main St, Richmond, IL 60071
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    Income-Producing Industrial Storage Business
    $1,000,000
    2.37 Acres

    Income-Producing Industrial Storage Business

    Turnkey industrial storage business with real estate included near popular lakes.

    10719 Commercial St, Richmond, IL 60071
    View details
    Lincolnwood Retail Strip Center Investment
    $1,200,000
    4,800 SF

    Lincolnwood Retail Strip Center Investment

    Fully leased retail strip center in high-traffic Lincolnwood corridor.

    3921 W Touhy Ave, Lincolnwood, IL 60712
    View details
    Aurora, IL Land For Sale
    $98,000
    0.61 Acres

    Aurora, IL Land For Sale

    Residential land available in Aurora, Illinois.

    2091 Jericho Rd, Aurora, IL 60506
    View details
    Downers Grove Land For Sale
    $99,000

    Downers Grove Land For Sale

    Residential land available in Downers Grove, Illinois.

    1003 Oxford St, Downers Grove, IL 60516
    View details
    Lemont Land with Development Potential
    $499,000
    3.10 Acres

    Lemont Land with Development Potential

    Over 3 acres of land suitable for residential or commercial development.

    1365 State St, Lemont, IL 60439
    View details
    Villa Park Premium Lot
    $224,900
    0.95 Acres

    Villa Park Premium Lot

    Premium lot near school, shopping, and golf.

    650 E Van Buren St, Villa Park, IL 60181
    View details
    Updated Retail Space in Lincolnwood
    Contact for pricing
    4,800 SF

    Updated Retail Space in Lincolnwood

    Prime retail opportunity in high-traffic Lincolnwood location.

    3921 W Touhy Ave, Lincolnwood, IL 60712
    View details
    Corner Lot in Stonehill Park
    $295,000

    Corner Lot in Stonehill Park

    Turnkey industrial land with development plans in Oswego, Illinois.

    94 Templeton Dr, Oswego, IL 60543
    View details
    Prime Retail Opportunity in Lincolnwood
    $1,200,000
    4,800 SF

    Prime Retail Opportunity in Lincolnwood

    Updated retail space in high-traffic Lincolnwood location.

    3921 W Touhy Ave, Lincolnwood, IL 60712
    View details
    Ogden Avenue Commercial Land Opportunity
    $795,000

    Ogden Avenue Commercial Land Opportunity

    Commercial land with frontage on Ogden Avenue, B3B zoning.

    1002 Ogden Ave, Lisle, IL 60532
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    Ogden Avenue Commercial Land Available
    $1,400,000

    Ogden Avenue Commercial Land Available

    Commercial land for sale on Ogden Avenue, Downers Grove.

    440 Ogden Ave, Downers Grove, IL 60515
    View details

    For Lease (1)

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    Downers Grove Medical Office Space
    Contact for pricing

    Downers Grove Medical Office Space

    Shared medical office space in Downers Grove, available January 1st.

    1121 Warren Ave, Downers Grove, IL 60515
    View details

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    Platinum Partners Realtors
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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
    Platinum Partners Realtors
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