Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    0000 North Ave West Chicago, IL 60185
    Back to Search
    Property profile & analytics

    0000 North Ave West Chicago, IL 60185

    View on Map
    • Land
    • 6.10 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0000 North Ave

    Lot size
    6.10 lot acres
    Property type
    Land

    Description

    This exceptional 6.1-acre commercial land parcel presents a remarkable investment opportunity in the thriving West Chicago market. Located at the highly visible corner of North Avenue (Route 64) and Atlantic Avenue, this property boasts 662 feet of frontage on a major thoroughfare. The strategic location at a signalized intersection ensures maximum exposure to a substantial daily traffic volume exceeding 34,000 vehicles. This prime retail location offers unparalleled visibility and accessibility, making it ideal for a wide range of commercial developments. The expansive lot size provides ample space for various projects, catering to the needs of businesses seeking a prominent presence in a bustling area. Situated in DuPage County, Illinois, with a zip code of 60185, this property is conveniently located and easily accessible. The coordinates are 41.9144065 latitude and -88.2029465 longitude. This is a rare opportunity to acquire a significant commercial land parcel in a high-traffic, high-visibility location. The asking price for this exceptional property is $2,600,000. Don't miss this chance to secure a prime piece of West Chicago real estate.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    West Chicago
    County
    Dupage
    State
    Illinois
    Longitude
    -88.2029
    Latitude
    41.9144

    Comparable in this City

    • Value Estimation by Request
      4.00 Acres

      200 North Ave

      Land • 4.00 Acres
      200 North Ave, West Chicago, IL 60185
      View Details
    • Value Estimation by Request
      3.94 Acres

      59 Illinois Rte

      Land • 3.94 Acres
      59 Illinois Rte, West Chicago, IL 60185
      View Details
    • Value Estimation by Request

      59 & Heritage Wood Dr

      Land
      59 & Heritage Wood Dr, West Chicago, IL 60185
      View Details
    • Value Estimation by Request

      1859 Neltnor Blvd

      Land
      1859 Neltnor Blvd, West Chicago, IL 60185
      View Details
    • Value Estimation by Request
      11.11 Acres

      30W300 North Ave

      Land • 11.11 Acres
      30W300 North Ave, West Chicago, IL 60185
      View Details
    • Value Estimation by Request
      1.52 Acres

      Nec Kirk Rd And Cherry Ln

      Farms • 1.52 Acres
      0 Nec Kirk Rd And Cherry Ln, West Chicago, IL 60185
      View Details

    Similar Nearby for Sale

    • $118,500
      Pending

      Land For Sale

      Land available for sale.
      1066 Trillium Trl, West Chicago, IL 60185
      View Details
    • $295,000

      Land Available for Sale

      Land available for sale in West Chicago, Illinois.
      28W185 Geneva Rd, West Chicago, IL 60185
      View Details
    • Contact for pricing

      Land in Dupage Business Center

      Land available in Dupage Business Center, West Chicago, IL.
      Dupage Business Ctr, West Chicago, IL 60185
      View Details
    • Contact for pricing

      West Chicago Land For Sale

      Land available in West Chicago, Illinois.
      Rte 59 Hwy, West Chicago, IL 60185
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale in West Chicago, Illinois.
      27 Jefferson St, West Chicago, IL 60185
      View Details
    • Contact for pricing

      Land Available For Build-to-Suit

      Land available for build-to-suit at 808 Discovery Dr.
      808 Discovery Dr W, Chicago, IL 60185
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land for Rent

      Commercial land with high visibility and convenient street access.
      1861 N Neltnor Blvd W, Chicago, IL 60185
      View Details
    • Contact for pricing
      13,675 SF

      Redeveloped Retail Center with Upside

      Income-producing retail center with long-term leases and attractive rent increases.
      1877 N Neltnor Blvd W, Chicago, IL 60185
      View Details
    • Contact for pricing
      21,000 SF

      Commercial Land on Route 59

      21,000 SF commercial land for rent on Route 59.
      550 East Washington St, West Chicago, IL 60185
      View Details
    • Contact for pricing

      Commercial Land for Lease

      Highly visible commercial land with convenient street access.
      1935 N Neltnor Blvd W, Chicago, IL 60185
      View Details
    • Contact for pricing

      Commercial Land For Rent

      Highly visible commercial land with convenient street access.
      1954 Illinois Rte 59 W, Chicago, IL 60185
      View Details
    • $10 SF/Yr
      18,000 SF

      Industrial Space Available for Lease

      18,000 SF industrial space available for lease in West Chicago.
      1100 Carolina Dr, West Chicago, IL 60185
      View Details
    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.
    0000 North Ave
    West Chicago, IL 60185
    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
    0000 North Ave, 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!