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    819 Rdg Rd Wilmette, IL 60091

    • Commercial real estate
    • 0.15 lot acres
    For Sale
    View listing
    $895,000
    Value Estimation
    Last Sale
    Apr 16, 2021
    $482,000
    Location Intelligence
    Property ID
    US28-2106324
    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 819 Rdg Rd

    Year built
    1975
    Lot size
    0.15 lot acres
    Property type
    Commercial real estate
    APN
    05-33-102-045
    APU
    533102045

    Description

    This exceptional 1,936 square foot retail property at 819 Ridge Road, Wilmette, IL, presents a rare investment opportunity. Situated on two lots in a prime corner location at the intersection of Wilmette Avenue and Ridge Road, this property offers significant potential for both investors and owner-occupiers. Currently occupied by a month-to-month tenant, the buyer has the flexibility to renew the lease or utilize the space for their own business. The second lot, currently used as a dedicated parking lot, adds considerable value and could potentially be developed. This property benefits from its excellent location less than a mile from downtown Wilmette, a vibrant area with numerous restaurants and shops. Wilmette itself is a highly desirable community, consistently ranked among the best places to live in Cook County, boasting award-winning schools, low crime rates, and a high quality of life. Its proximity to Lake Michigan and Chicago (14 miles south) further enhances its appeal. The property's location on a main thoroughfare ensures high visibility and accessibility. Numerous uses are permitted, making this a versatile investment with strong upside potential. Detailed financial information is available upon request.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $545,000

    • CAP approach

      CAP return
      Estimation
      6%
      $515,000
      6.5%
      $430,000
      7%
      $430,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $475,000
      Geo Method
      $410,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $580,000
      Retail
      $490,000
      Mixed-Use
      $455,000
      Hospitality
      $550,000
      Educational
      $510,000
      Residential Income
      $580,000
      Energy
      $520,000
      Income-Based Land
      $570,000
      Food Service
      $505,000

    Location Insight

    • Map
    • Local Demand
    City
    Wilmette
    County
    Cook
    State
    Illinois
    Longitude
    -87.723
    Latitude
    42.0786
    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
    2022
    $8,957
    $41,625
    $81
    $41,706
    -
    $166,500
    $324
    $166,824

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    819 Rdg Rd
    Wilmette, IL 60091
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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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