Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    West Chicago Land on Route 59 Title is generated by Realmo AI

    Route 59 Highway lot 16, West Chicago, IL 60185

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    LAND - West Chicago, IL

    Lot size:
    0.20 Acres
    Added:
    May 1, 2022
    Days on Market:
    1482
    Last Refresh:
    May 21 at 7:06 pm

    Property Features for Route 59 Highway lot 16

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    0410404026
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Year
    2022
    Tax Annual Amount
    99

    We can help!

    Listing Contact
    Elizabeth Rodriguez

    Listing agent Elizabeth Rodriguez License #475136973

    Listing office Charles Rutenberg Realty of IL 3135 Book Road, Naperville, IL

    Listing date May 1, 2022

    MLS# 11391320 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.

    HighLights

    • Located on Route 59, offering high visibility.
    • Just south of downtown West Chicago, providing convenient access.
    • Three adjacent parcels are also available, allowing for expansion.
    • Seller prefers to sell as a package, simplifying acquisition.
    • Located at the northeast corner of Route 59 and Pomeroy, a prominent intersection.
    • Plenty of possibilities for development.

    Overview

    This property consists of land located on Route 59, just south of downtown West Chicago, in DuPage County. The lot, identified as lot 16, is situated at the northeast corner of Route 59 and Pomeroy. The parcel encompasses 0.2 acres and presents various possibilities for development. There are three adjacent parcels also available, and the seller prefers to sell them as a package.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    West Chicago
    County
    DuPage
    State
    Illinois
    Longitude
    -88.2142
    Latitude
    41.9

    Nearby Similar for Sale

    • $895,000

      Versatile Commercial Building, West Chicago

      Adaptable commercial building suitable for diverse uses in West Chicago.
      331 George Street, West Chicago, IL 60185
      View Details
    • $895,000

      Versatile Commercial Building, West Chicago

      Adaptable commercial building suitable for diverse uses in West Chicago.
      331 George Street, West Chicago, IL 60185
      View Details
    • $513,000

      West Chicago Land For Sale

      4.37 acre commercial land available in West Chicago, Illinois.
      1 St. Charles Road, West Chicago, IL 60185
      View Details
    • $945,000

      7.47 Acre Industrial Park Land

      7.47 acre agricultural land in Fermi Center for Commerce.
      31-w255 Roosevelt Road, West Chicago, IL 60185
      View Details
    • $325,000
      1 SF

      Improved Industrial Lot For Sale

      Industrial lot with utilities and easy transportation access.
      31w038 Washington St.,, West Chicago, IL 60185
      View Details
    • $1,900,000
      4,250 SF

      Commercial Building on 2.3 Acres

      Free-standing commercial building with manufacturing zoning and special use permit.
      2040 W Roosevelt Rd, West Chicago, IL
      View Details
    • $90,000

      Commercial Property on Roosevelt Road

      Commercial property for sale on Roosevelt Road, West Chicago.
      956 Roosevelt Road, West Chicago, IL 60185
      View Details
    • $2,761,800
      3,530 SF

      West Chicago Retail NNN Lease

      Corporate leased retail property in Chicago MSA with scheduled rent increases.
      1000 N Neltnor Blvd, West Chicago, IL
      View Details
    • Contact for pricing
      39,584 SF

      West Chicago Industrial Space

      39,584 SF industrial space with office and parking.
      741 Winston St, West Chicago, IL 60185
      View Details
    • Contact for pricing
      6 SF

      Industrial Site with Renovated Office

      6.10-acre site featuring renovated office and maintenance buildings.
      1280 Powis Road, West Chicago, IL, 60185
      View Details
    • $1,900,000

      Prime Industrial Property in West Chicago

      18 acres with storage buildings and Union Pacific railroad access.
      301 W Grand Lake Boulevard, West Chicago, IL 60185
      View Details
    • Contact for pricing
      11 SF

      Commercial Land Near Route 59

      Commercial land for sale with utilities and off-site detention.
      30W300 North Avenue, West Chicago, IL, 60185
      View Details

    FAQs

    What type of property is this?
    Land - Land available on Route 59, south of downtown West Chicago.
    Where is this land located?
    The property is located at Route 59 Highway lot 16 West Chicago, 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: Located on Route 59, offering high visibility.; Just south of downtown West Chicago, providing convenient access.; Three adjacent parcels are also available, allowing for expansion.
    (630) 929-1100
    We can help!
    Listing Contact
    Elizabeth Rodriguez
    Real Estate License ID: 475136973
    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

    Thank You for Inquiry
    Route 59 Highway lot: 16, West Chicago, IL 60185
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!