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    Property profile & analytics

    991 Lake St Addison, IL 60101

    • Commercial land
    • 0.16 lot acres
    For Sale
    View listing
    $350,000
    Value Estimation
    Location Intelligence
    Property ID
    US28-2172725
    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

    • WoodSpring Suites Chicago Addison / Extended Stay Hotel / Hotel
    • WOODHILLSPRINGS SUITES / Hotel
    • Americas Insurance AG / Insurance Agency
    • SELVIN'S LANDSCAPING - BRICK PAVING & STAMP CONCRETE. Inc. / Beach Pavillion / Concrete Contractor
    • BRICK- STONE & MASONRY CONCRETE CONTRACTOR / Masonry Contractor / Paving Contractor

    Property Details for 991 Lake St

    Lot size
    0.16 lot acres
    Zone code
    C
    Property type
    Commercial land
    APN
    03-27-403-003
    APU
    327403003

    Description

    This exceptional 0.64-acre commercial land parcel presents a unique investment opportunity in the thriving Addison, Illinois market. Located at 991 E Lake St, this single-tenant property is zoned B-2, offering a wide range of potential development options for businesses seeking a prime location in DuPage County. The property's size provides ample space for a variety of commercial ventures, allowing for flexibility in design and functionality. The convenient location offers easy access to major transportation routes, ensuring excellent visibility and accessibility for potential customers and employees. The property is designated as commercial land and is currently available for lease. With its strategic location and versatile zoning, this property is poised for significant growth and return on investment. Serious inquiries are encouraged to explore the possibilities this exceptional land parcel offers. The property is situated in the highly desirable DuPage County, Illinois, and boasts a convenient address in Addison, with a zip code of 60101. The precise coordinates are 41.924735 latitude and -87.9693135 longitude. This is a single-tenant property, offering a straightforward and potentially lucrative investment opportunity. The total building square footage is listed as 1 square foot, indicating the land is primarily undeveloped and ready for new construction.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Addison
    County
    Dupage
    State
    Illinois
    Longitude
    -87.9691
    Latitude
    41.9249
    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
    $1,512
    $20,040
    $0.00
    $20,040
    -
    $60,120
    $0.00
    $60,120

    Comparable in this City

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      0.50 Acres

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      VACANT COMMERCIAL LAND • 0.50 Acres
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    • Value Estimation by Request
      0.91 Acres

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      VACANT COMMERCIAL LAND • 0.91 Acres
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      View Details

    Similar Nearby for Sale

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    991 Lake St
    Addison, IL 60101
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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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