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    Daniel Hyman, Highwood, IL

    License ID: 471.013658X
    Millennium Properties Re Inc
    Association
    Chicago Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (312) 338-3000
    Office Address:
    205 W Wacker Dr Ste 1750, Chicago, IL, 60606

    Performance

    Listings
    49

    Listings

    For Sale (41)

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    • $4,500,000
      180,000 SF

      South Loop Development Opportunity

      180,000 SF, 172 Units Possible
      1631-1727 Indiana Ave, Chicago, IL 60616
      View Details
    • $14,000,000
      12.64 Acres

      Schaumburg Redevelopment Opportunity

      12.6-acre site, high potential.
      846-860 Algonquin Rd, Schaumburg, IL 60173
      View Details
    • Contact for pricing
      12,210 SF

      6200 S Western Ave Retail Space

      Prime Chicago Retail Opportunity: 12,210 SF
      6200 Western Ave, Chicago, IL 60636
      View Details
    • $790,000

      Norridge Commercial Land - $790K

      Prime Norridge corner lot, high traffic.
      4435 Harlem Ave, Norridge, IL 60706
      View Details
    • Contact for pricing
      20,050 SF

      Milwaukee Ave Mixed-Use Building

      20,050 SF Retail/Mixed-Use Opportunity
      1209 Milwaukee Ave, Chicago, IL 60642
      View Details
    • $650,000
      3,600 SF

      Bronzeville Retail Center Investment

      Thriving Chicago retail strip, 100% occupied.
      700 47Th St, Chicago, IL 60653
      View Details
    • $1,600,000
      16,709 SF

      Milwaukee Retail Investment Opportunity

      Prime Retail Building, High Traffic Area
      8008 Brown Deer Rd, Milwaukee, WI 53223
      View Details
    • $450,000
      6,000 SF

      Archer Ave Retail Investment

      Chicago Storefront - High-Yield Investment
      4269 Archer Ave, Chicago, IL 60632
      View Details
    • $1,750,000
      18,000 SF

      South Loop Investment Opportunity

      172 Units, 18,000 SF, High Potential
      1639 Indiana Ave, Chicago, IL 60616
      View Details
    • $1,450,000
      6,400 SF

      Highwood Retail Center - Prime Location

      Six storefronts, ample parking, strong tenant base.
      742 Sheridan Rd, Highwood, IL 60040
      View Details
    • $1,450,000
      9,997 SF

      Gurnee Plaza Retail Center

      High-income retail center, value-add potential.
      3430 Grand Ave, Gurnee, IL 60031
      View Details
    • $989,000

      Cicero Avenue Retail Development Opportunity

      15,375 SF parcel on Cicero Avenue for retail development.
      2841-49 N Cicero Ave, Chicago, IL 60641
      View Details
    • $1,195,000

      River North Boutique Office Building

      Renovated multi-story office building with in-place income in River North.
      445 N La Salle St, Chicago, IL 60654
      View Details
    • $950,000
      35,000 SF

      Historic Loft Building in Motor Row

      35,000 SF historic loft building in Chicago's Motor Row.
      2345 S Michigan Ave, Chicago, IL 60611
      View Details
    • Contact for pricing
      12,210 SF

      Former Walgreens Retail Building

      12,210 SF retail building, corner location, opportunity zone.
      6208 S Western Ave, Chicago, IL 60622
      View Details
    • $1,200,000
      14,705 SF

      Redevelopment Site on Elston Avenue

      14,705 SF redevelopment site on busy corner.
      5705 N Elston Ave, Chicago, IL 60646
      View Details
    • Contact for pricing

      Cicero Avenue Auto Retail Opportunity

      5,600 SF building on 24,500 SF lot in Chicago.
      2833 N Cicero Ave, Chicago, IL 60641
      View Details
    • $659,000

      Cicero Avenue Commercial Land Opportunity

      9,375 SF land parcel on Cicero Avenue, Chicago.
      2627 N Cicero Ave, Chicago, IL 60651
      View Details
    • Contact for pricing
      3,600 SF

      Retail Storefront on 47th Street

      3,600 SF retail storefront on busy 47th Street.
      700 E 47Th St, Chicago, IL 60653
      View Details
    • Contact for pricing

      Corner Land Parcel on Harlem

      7,162 SF land parcel with high-traffic location.
      4435 N Harlem Ave, Norridge, IL 60706
      View Details
    • $656,000
      6,000 SF

      Rehabbed Warehouse in Business District

      6,000 SF warehouse in Chicago's Northwest car dealer district.
      3051 N Cicero Ave, Chicago, IL 60651
      View Details
    • Contact for pricing

      Park Ridge Development Site

      32,427 SF development site in Park Ridge, Illinois.
      819 Busse Hwy, Park Ridge, IL 60068
      View Details
    • $225,000
      3,000 SF

      West Lake Street Retail Opportunity

      Retail property on West Lake Street with redevelopment potential.
      5061 W Lake St, Chicago, IL 60644
      View Details
    • Contact for pricing
      5,400 SF

      Renovated Office Building For Sale

      Three-story, 5,400 SF office building with Verizon cell tower lease.
      445 N La Salle Dr, Chicago, IL 60654
      View Details
    • Contact for pricing
      6,400 SF

      Retail Building in Highwood

      6,400 SF retail building with long-term tenants.
      742 Sheridan Rd, Highwood, IL 60040
      View Details
    • $14,500,000

      Schaumburg Redevelopment Site For Sale

      12.64 acre redevelopment site with income potential in Schaumburg.
      760 E Algonquin Rd, Schaumburg, IL 60173
      View Details
    • $369,000

      Four Lots Near Cicero Avenue

      Four commercial lots totaling 13,000 SF near Cicero Avenue.
      4814 W Drummond Pl, Chicago, IL 60639
      View Details
    • Contact for pricing

      Cicero Avenue Commercial Land Opportunity

      15,375 SF of contiguous lots in Chicago's Northwest.
      2841 Il 50, Chicago, IL
      View Details
    • $3,015,000

      67 Acre Residential Development Site

      67-acre residential development site with future interchange access.
      41115-41318 N Mill Creek Rd, Old Mill Creek, IL 60083
      View Details
    • Contact for pricing
      8,750 SF

      Two-Story Retail and Office Building

      Two-story building with retail, office space, and parking.
      1915 Sheridan Rd, Highland Park, IL 60035
      View Details
    • $364,999
      2,900 SF

      Renovated Live/Work Space on Elston

      2,900 SF renovated live/work space with oversized garage.
      5778 N Elston Ave, Chicago, IL 60646
      View Details
    • $850,000

      Development Site on Stoplit Corner

      1.03 acre development site in Naperville, Illinois.
      N Aurora Rd, Naperville, IL 60563
      View Details
    • $400,000

      Pilsen Gutted Four-Unit Building

      Four-unit building in Pilsen Historic District, excellent investor opportunity.
      1817 S Ashland Ave, Chicago, IL 60622
      View Details
    • $90,000

      Development Land Parcel For Sale

      13,500 SF development land parcel with high visibility.
      500 E 63Rd St, Chicago, IL 60637
      View Details
    • $3,250,000

      Cicero Avenue Retail Development Opportunity

      24,500 SF parcel suitable for retail development or user.
      2825 N Cicero Ave, Chicago, IL 60641
      View Details
    • $1,200,000

      Retail Corner Property on Western

      12,210 SF retail property on a 19,428 SF lot.
      6200 S Western Ave, Chicago, IL 60636
      View Details
    • $1,250,000

      Turn-Key Office Condo in Chicago

      Move-in ready office condo with city views in Jewelers Row.
      50 E Washington St, Chicago, IL 60602
      View Details
    • $650,000

      Bronzeville Retail Center For Sale

      3,600 SF retail center in Chicago's Bronzeville neighborhood.
      700 E 47Th St, Chicago, IL 60653
      View Details
    • $1,500,000

      Development Site in Opportunity Zone

      15,410 sq ft development site for sale.
      1 E Cermak Rd, Chicago, IL 60616
      View Details
    • $1,250,000

      Turn-Key Office Condo in Chicago

      Move-in ready office condo with high-end finishes and city views.
      50 E Washington St, Chicago, IL 60602
      View Details
    • $2,325,000

      Park Ridge Development Opportunity

      Land for development near Park Ridge Metra station.
      819 Busse Hwy, Park Ridge, IL 60068
      View Details

    For Lease (8)

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    • $30 SF/Yr

      Prime Retail Space on Taylor

      Excellent retail location in Little Italy near UIC and Medical District.
      1406 W Taylor St, Chicago, IL 60607
      View Details
    • $36 SF/Yr

      Retail Storefront Near Jackson/Halsted Corner

      1,650 SF retail/restaurant space with high ceilings and large windows.
      232 S Halsted St, Chicago, IL 60661
      View Details
    • Contact for pricing
      10,084 SF

      Victorian Greystone Office Building

      Recently rehabbed four-story office building with high-end finishes.
      812 N Dearborn St, Chicago, IL 60610
      View Details
    • $30 SF/Yr
      900 SF

      Retail Storefront Near UIC Campus

      900 SF retail space near UIC and Illinois Medical District.
      1400-1406 W Taylor St, Chicago, IL 60607
      View Details
    • Contact for pricing
      1,650 SF

      Greektown Retail or Restaurant Space

      1,650 SF storefront in Greektown/West Loop, suitable for retail/restaurant.
      234 S Halsted St, Chicago, IL 60661
      View Details
    • Contact for pricing
      1,000 SF

      Mixed-Use Building with Retail Space

      Mixed-use building featuring retail, office, and residential spaces for rent.
      754 N Clark St, Chicago, IL 60654
      View Details
    • $30 SF/Yr

      Retail Space in Little Italy

      Retail space for lease in a bustling Chicago neighborhood.
      1406 W Taylor St, Chicago, IL 60607
      View Details
    • $28 SF/Yr

      Corner Retail Space in Portage Park

      Renovated corner retail space with basement storage in Portage Park.
      4400 N Milwaukee Ave, Chicago, IL 60630
      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.

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