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Property profile & analytics

247 Brk Frst Ave Shorewood, IL 60404-7251

  • Commercial real estate
  • 8,100 SF
  • 0.20 lot acres
OFF-MARKET
Value Estimations
$375,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US28-3232252
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

  • Guiding Light Academy West / Special Education School / Non-Governmental Organization
  • Rose Plaza / Supermarket

Property Details for 247 Brk Frst Ave

Lot size
0.20 lot acres
Property size
8,100 SF
Property type
Commercial real estate
APN
05-06-09-409-044
APU
50609409044

Description

This exceptional investment opportunity presents a fully leased retail property located at 247 Brook Forest Ave, Shorewood, IL 60404. The property, built in 2006, offers 8,663 square feet of space situated on a 1.04-acre lot within a Jewel-Osco anchored retail center. The property boasts a strong 9.23% cap rate, generating a net operating income (NOI) of $119,929. The asking price is $1,300,000. This prime commercial property enjoys excellent visibility on a major thoroughfare, benefiting from high traffic counts and ample parking (225 spaces) with convenient access from Jefferson Street or Brook Forest Ave via five separate curb cuts. The property is zoned for commercial use (APN: 05-06-09-409-042) and is located in a desirable area with strong demographics, including affluent income levels and proximity to national tenants, health systems, and major highways. Its location just 6 miles west of downtown Joliet, Illinois, further enhances its appeal. This is a turnkey, net lease investment opportunity ideal for passive income generation, featuring a long-term, profitable tenant. The property's strategic location and strong financial performance make it a compelling investment prospect.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $365,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $467,000
    Market price range: $241k - $861k

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Shorewood
County
Will
State
Illinois
Longitude
-88.2009
Latitude
41.5239
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
$24,968
$20,618
$268,772
$289,390
-
$61,854
$806,316
$868,170
More about this property
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