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    Property profile & analytics

    216 North Ave Northlake, IL 60164

    • Mixed-use properties
    • 2,853 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Anthony's Pizzeria / Pizza Restaurant / Delivery Restaurant
    • Gloria's Hair & Nail Salon / Nail Salon

    Property Details for 216 North Ave

    Year built
    1955
    Property size
    2,853 SF
    Property type
    Mixed-use properties

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Northlake
    County
    Cook
    State
    Illinois
    Longitude
    -87.8949
    Latitude
    41.9075

    Comparable in this City

    • Value Estimation by Request
      10,764 SF

      303 En Ave

      STORES & APARTMENTS • 10,764 SF
      303 En Ave, Northlake, IL 60164-2629
      View Details
    • Value Estimation by Request
      0.07 Acres

      517 Wolf Rd

      STORES & APARTMENTS • 0.07 Acres
      517 Wolf Rd, Northlake, IL 60164-1632
      View Details
    • Value Estimation by Request
      0.07 Acres

      515 Wolf Rd

      STORES & APARTMENTS • 0.07 Acres
      515 Wolf Rd, Northlake, IL 60164
      View Details
    • Value Estimation by Request
      0.19 Acres

      404 En Ave

      STORES & APARTMENTS • 0.19 Acres
      404 En Ave, Northlake, IL 60164-2600
      View Details
    • Value Estimation by Request
      0.07 Acres

      515 Wolf Rd

      STORES & APARTMENTS • 0.07 Acres
      515 Wolf Rd, Northlake, IL 60164
      View Details
    • Value Estimation by Request
      4,800 SF

      161 65th En Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,800 SF
      161 65th En Ave, Northlake, IL 60164
      View Details

    Similar Nearby for Sale

    • $725,000
      2,853 SF

      Northlake Mixed-Use Investment Opportunity

      High-visibility mixed-use property with diverse income streams in Northlake, IL.
      216 E North Ave, Northlake, IL 60164
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    • $749,900
      2,853 SF

      216 North Ave, Northlake, IL 60164

      Commercial real estate • 2,853 SF
      216 North Ave, Northlake, IL 60164
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    • Contact for pricing

      Prime Melrose Park Commercial Land

      22,505 SF Commercial Lot, Ideal Location
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    • $150,000
      2,853 SF

      Established Pizzeria Business Opportunity

      Pizzeria business for sale in prime Northlake location.
      216 E North Ave, Northlake, IL 60164
      View Details
    • $1,300,000

      High Visibility Commercial Land Available

      Prime location suitable for retail, restaurant, and mixed-use development.
      101 East North Ave, Northlake, IL 60164
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    • $399,900
      6,200 SF

      Commercial Building on Mannheim Road

      Free-standing commercial building with high visibility and traffic count.
      2345 N Mannheim Rd, Melrose Park, IL 60164
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    Similar Nearby for Lease

    • $17 SF/Yr

      Northlake Retail/Office Space Available

      Retail or office space available on high-traffic North Avenue.
      360 E North Ave, Northlake, IL 60164
      View Details
    • Contact for pricing
      48,342 SF

      Melrose Park Warehouse with Office

      48,342 SF warehouse with office space and parking.
      11697 W Grand Ave, Melrose Park, IL 60164
      View Details
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    216 North Ave
    Northlake, IL 60164
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    Realmo Value Estimation

    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.

    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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