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    Property profile & analytics

    2415 75th St Darien, IL 60561-6719

    • Commercial real estate
    • 32,570 SF
    • 4.03 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-5917941
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2415 75th St

    Year built
    2004
    Lot size
    4.03 lot acres
    Property size
    32,570 SF
    Zone code
    C
    Property type
    Commercial real estate
    APN
    09-29-301-034
    APU
    929301034

    Description

    This exceptional 2,887-square-foot retail space is located in the MarketPlace at Darien, a Class A strip center in Darien, Illinois. Situated at the southwest corner of 75th Street and Lyman Avenue, this property boasts excellent visibility and accessibility, with multiple access drives and a signalized intersection. The space is a built-out veterinary hospital, offering immediate occupancy potential. The property features pylon/monument signage opportunities for enhanced brand visibility. The location benefits from strong demographics, with average housing values within a 3-mile radius exceeding $400,000, indicating an affluent and desirable market. This sub-regional retail market is anchored by major retailers including Walmart, Home Depot, Kohl's, TJ Maxx, At Home, Ross, and Best Buy, ensuring high traffic and consumer spending. A diverse range of dining and entertainment options, from Carrabba's Italian Grill to Panda Express and Wayback Burgers, further enhances the area's appeal. Convenient access to I-355 via 75th Street (less than 1.5 miles away) provides easy commuting for both employees and customers. The property consists of four single-story buildings and is zoned B2 PUD. The space is part of a multi-tenant building, and the minimum divisible space is 2,887 square feet, with a maximum contiguous space of 2,887 square feet. There are no elevators in the building. This prime retail location presents a unique opportunity for businesses seeking high visibility and access in a thriving market.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Darien
    County
    Dupage
    State
    Illinois
    Longitude
    -88.0043
    Latitude
    41.7506
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $105,889
    $637,110
    $953,180
    $1,590,290
    -
    $1,911,330
    $2,859,540
    $4,770,870

    Comparable in this City

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      $365,000
      5,440 SF

      8197 Lemont Rd

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    • Value Estimation by Request
      2,432 SF

      2600 83rd St, Unit 1

      COMMERCIAL CONDOMINUIM • 2,432 SF
      2600 83rd St, Darien, IL 60561-1690
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    • Value Estimation by Request
      1,998 SF

      8330 Lemont Rd, Unit F4

      COMMERCIAL CONDOMINUIM • 1,998 SF
      8330 Lemont Rd, Darien, IL 60561-1510
      View Details
    • Value Estimation
      $835,000
      41,655 SF

      7516 Cass Ave

      COMMERCIAL (GENERAL) • 41,655 SF
      7516 Cass Ave, Darien, IL 60561-4496
      View Details
    • Value Estimation
      $475,000
      3,507 SF

      7532 Cass Ave

      COMMERCIAL (GENERAL) • 3,507 SF
      7532 Cass Ave, Darien, IL 60561-4442
      View Details
    • Value Estimation
      $4,710,000
      6,917 SF

      7409 Cass Ave, Unit 2

      COMMERCIAL (GENERAL) • 6,917 SF
      7409 Cass Ave, Darien, IL 60561-3607
      View Details

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    Darien, IL 60561-6719
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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.

    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
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