Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    28624 W Kendall Avenue lot 6 Spring Grove, IL 60081

    View on Map
    For Sale
    Contact for pricing

    LAND - Spring Grove, IL

    Lot size:
    0.15 Acres
    Added:
    Sep 11, 2019
    Days on Market:
    2395
    Last Refresh:
    Apr 1 at 12:06 pm

    Property Features for 28624 W Kendall Avenue lot 6

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    AGRIC
    Standard status
    Active
    APN
    01333280100000
    Lot size
    0.15 Acres

    Taxes and HOA fees

    TaxYear
    2021
    TaxAnnualAmount
    194

    We can help!

    Listing Contact
    Frank Cox
    Frank Cox

    Listing agent Frank Cox License #475140741

    Listing office Century 21 Circle 3425 W. Sunset, Waukegan, IL

    Listing date Sep 11, 2019

    MLS# 10514789 Listing URL

    Copyright © 2026 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

    Land For Sale, Spring Grove

    This is a 0.15-acre land lot located in Spring Grove, Illinois. The zoning is classified as AGRIC.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Restaurant Building Supply Auto Repair Shop Accounting Firm Daycare Center Kitchen & Bath Showroom Hotel & Motel Bar & Pub HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring Grove
    County
    McHenry
    State
    Illinois
    Longitude
    -88.191177
    Latitude
    42.415882

    Nearby Similar for Sale

    • $37,500

      Residential Land in Spring Grove, IL

      Residential land available for building a dream home.
      Beverly Way lot: 60 & 61, Spring Grove, IL 60081
      View Details
    • $37,500

      Residential Land in Spring Grove

      Residential land available near downtown, restaurants, and Chain O' Lakes.
      Beverly Way lot: 56 & 57, Spring Grove, IL 60081
      View Details
    • $39,500

      Residential Land in Spring Grove

      Residential land available near downtown, parks, and Chain O' Lakes.
      Beverly Way lot: 58 & 59, Spring Grove, IL 60081
      View Details
    • $77,500

      Spring Grove Land Opportunity

      Three lots available near downtown Spring Grove, Illinois.
      Main Street lot: 65,66,&64, Spring Grove, IL 60081
      View Details
    • $18,000

      Residential Lots in Spring Grove

      Two residential lots in a desirable Spring Grove location.
      Ravine Drive lot: 8 & 9, Spring Grove, IL 60081
      View Details
    • $15,000

      Spring Grove Land Opportunity

      Two lots in Spring Grove, ideal for building a home.
      Ravine Drive lot: 11 & 12, Spring Grove, IL 60081
      View Details
    • $109,900

      Spring Grove Commercial Land Available

      1.84 acre commercial land with high traffic exposure.
      Mayo Court lot: 9, Spring Grove, IL 60081
      View Details
    • $3,200,000
      41,200 SF

      Climate-Controlled Industrial Building For Sale

      41,200 SF climate-controlled industrial building on 2.5 acres.
      2504 Spring Ridge Dr, Spring Grove, IL 60081
      View Details
    • $134,853

      Spring Grove Land For Sale

      Residential land available in Spring Grove, Illinois.
      2617 Spring Leaf Drive, Spring Grove, IL 60081
      View Details
    • $42,000

      Residential Land in Highland Estates

      1.3 acre corner lot ready for your dream home.
      2912 Briar Drive, Spring Grove, IL 60081
      View Details
    • $10,000

      Wooded Lot Near Grass Lake

      Wooded lot with lake rights near Chain O' Lakes waterway.
      39175 N West End Drive, Spring Grove, IL 60081
      View Details
    • $30,000

      Red Oak Estates Land

      Secluded 1+ acre lot in Red Oak Estates.
      1711 Cedar Lane lot: 17, Spring Grove, IL 60081
      View Details

    FAQs

    What type of property is this?
    Land - Vacant land available in Spring Grove, Illinois.
    Where is this land located?
    The property is located at 28624 W Kendall Avenue lot 6 Spring Grove, IL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Seller is motivated; Location coordinates provided
    (847) 336-7333
    We can help!
    Listing Contact
    Frank Cox
    Frank Cox
    Real Estate License ID: 475140741
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!