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    223 N Walnut St Itasca, IL 60143

    For Sale
    $550,000

    Mixed Use - Itasca, IL

    Type:Mixed Use
    Property size:
    2,921 SF
    Days on Market:
    73
    Last Refresh:
    Dec 14 at 2:06 pm

    Property Features for 223 N Walnut St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    APN
    0308121002
    Size
    2,921 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1940
    Number of units
    4
    Architectural style
    Other

    TARABEIN INC. D/BA RE/MAX AT HOME (847) 255-1000 [email protected]

    Listing agent Kevin Lally (847) 255-1000 License #475196580

    Listing date Oct 3, 2025

    MLS# 12353511 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Building in Downtown Itasca

    This mixed-use building is located in downtown Itasca, surrounded by local merchants and restaurants. The property is currently occupied by two businesses: M&M Lock (owner-occupied) and a beauty shop, providing rental income. In addition, the property includes two apartments, offering further revenue streams. A two-car garage is also included. The property has a size of 2921 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    M & M Lock ... Locksmith M & M Lock ... Locksmith

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Itasca
    County
    DuPage
    State
    Illinois
    Longitude
    -88.012622
    Latitude
    41.9727752

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with retail and apartments in downtown Itasca.
    Where is this mixed-use property located?
    The property is located at 223 N Walnut St Itasca, IL.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - Prime mixed-use building in vibrant Downtown Itasca; - Strategic location with **high foot traffic and visibility**; - Immediate rental income from two established businesses (M&M Lock and a Beauty Shop)
    (847) 255-1000
    Request Owner's contact information
    223 N Walnut St Itasca, IL 60143
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    Itasca, IL 60143
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    Realmo Value Estimation

    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.

    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.

    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
    223 N Walnut St Itasca, IL 60143
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