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Property profile & analytics
OFF-MARKET
Commercial real estate
216 Pr St Elgin, IL 60120-6534
Entity Owned
~
Est. High Equity
Property ID
US28-2547352
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
6,273 SF
Lot
0.16 ac (6,970 SF)
APN
06-13-309-008
UPID
US28-2547352
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
teen writers and artists project Theater & Performing Art Venue
-
216 Prairie St Garage Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lmega LLC
Lmega LLC
since 2026
Last sale
$70,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Elgin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elgin submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$902
Tax year 2022
Assessed value
$10,407
Assessed 2022
Previous assessed
$20,947
-50.3% YoY
Effective rate
8.67%
On assessed value
Assessed land
$10,407
Land market value
$31,221
Total market value
$31,221
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Total area
6,273 SF
Lot
0.16 ac (6,970 SF)
APN
06-13-309-008
UPID
US28-2547352
Jurisdiction
KANE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
0.16 ac
Current owner
From public records · entity-resolved
Lmega LLC
Entity
Mailing address
1154 COLDSPRING RD, ELGIN, IL 60120-5102
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2026
$107,000
Lmega LLC
Diaz Marco
Warranty Deed
—
Oct 18, 2022
$70,000
Marco A Diaz
Thkfl INC
Warranty Deed
—
Jul 20, 2017
—
Thkfl INC
—
Deed
related
$957,197 · American Cmnty Bk
Aug 26, 2016
—
Thkfl INC
—
Deed
related
$931,405 · American Cmnty Bk
Mar 16, 2012
$289,000
Thkfl INC
216 Prairie LLC
Warranty Deed
$233,936 · Associated Bank
Apr 12, 2007
—
216 Prairie LLC
Farnham,keith R & Susan M
Quit Claim Deed
related
—
Aug 5, 2004
—
Keith R Farnham
—
Deed Of Trust
related
$1,360,000 · First Midwest Bank
Dec 1, 1999
$200,000
Keith R Farnham
Gpi Properties 1995 LLC
Grant Deed
$360,000 · Elgin State Bank
—
—
Keith R Farnham
—
Deed Of Trust
related
$425,000 · Elgin State Bank
—
—
Keith R Frnham
—
Deed Of Trust
related
$150,000 · Elgin State Bank
—
—
Thkfl INC
—
Loan Modification
related
$931,405 · American Cmnty Bk
—
—
Thkfl INC
—
Loan Modification
related
$957,197 · American Cmnty Bk
—
—
Keith R Farnham
—
Deed Of Trust
related
$150,000 · Elgin State Bank
—
—
216 Prairie LLC
—
Deed Of Trust
related
$795,000 · First Midwest Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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