Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    2449 Lk St Addison, IL 60101-6102

    • Grocery and convenience stores
    • 4,499 SF
    • 1.31 lot acres
    OFF-MARKET
    Value Estimations
    $475,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-2270992
    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

    • Shell / Atm / Gas Station
    • RockItCoin Bitcoin ATM / Atm

    Property Details for 2449 Lk St

    Year built
    2002
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.31 lot acres
    Property size
    4,499 SF
    Zone code
    C
    Property type
    Grocery and convenience stores
    APN
    02-13-302-023
    APU
    213302023

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $380,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $571,000
      Market price range: $330k - $864k

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

    Location Insight

    • Map
    • Local Demand
    City
    Addison
    County
    Dupage
    State
    Illinois
    Longitude
    -88.0506
    Latitude
    41.954
    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
    $40,671
    $173,110
    $335,030
    $508,140
    -
    $519,330
    $1,005,090
    $1,524,420

    Comparable in this City

    • Value Estimation
      $5,095,000
      8,273 SF

      415 Swift Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 8,273 SF
      415 Swift Rd, Addison, IL 60101-1755
      View Details
    • Value Estimation
      $465,000
      2,666 SF

      250 Army Trl Blvd

      CONVENIENCE STORE (W/FUEL PUMP) • 2,666 SF
      250 Army Trl Blvd, Addison, IL 60101
      View Details
    • Value Estimation
      $345,000
      2,450 SF

      2100 Army Trl Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 2,450 SF
      2100 Army Trl Rd, Addison, IL 60101-5614
      View Details
    • Value Estimation
      $255,000
      2,775 SF

      21st Lk St

      CONVENIENCE STORE (W/FUEL PUMP) • 2,775 SF
      21st Lk St, Addison, IL 60101-1063
      View Details
    • Value Estimation
      $305,000
      2,894 SF

      2101 Army Trl Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 2,894 SF
      2101 Army Trl Rd, Addison, IL 60101-1477
      View Details
    • Value Estimation
      $455,000
      7,566 SF

      2151 Army Trl Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 7,566 SF
      2151 Army Trl Rd, Addison, IL 60101-1477
      View Details

    Similar Nearby for Sale

    • $3,915,000
      3,062 SF

      New 7-Eleven NNN Lease

      New construction 7-Eleven with long-term NNN lease near Chicago.
      1740 W Army Trail Blvd, Addison, IL 60101
      View Details
    • $749,900
      0.66 Acres

      Addison Commercial Building For Sale

      High-visibility commercial building with parking and development potential.
      991 W Lake St, Addison, IL 60101
      View Details
    • $350,000
      0.64 Acres

      Addison Commercial Land - Lake St.

      Prime 0.64-acre commercial lot, B-2 zoning.
      991 Lake St, Addison, IL 60101
      View Details
    • $874,900

      Addison Retail Investment Opportunity

      Lake Street Retail Building, Two Units
      1099 Lake St, Addison, IL 60101
      View Details
    • $1,400,000
      10,000 SF

      Addison Industrial Building - Great Location

      10,000 SF Freestanding Building, Excellent Access
      814 Westwood Ave, Addison, IL 60101
      View Details
    • $824,900
      5,328 SF

      Addison Retail Space - Lake Street

      High-traffic retail building, excellent visibility.
      1099 Lake St, Addison, IL 60101
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      1,000 SF

      Addison Retail Storefront For Lease

      Prime 1,000 SF storefront in Addison, IL.
      32-100 Lake St, Addison, IL 60101
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space on Lake Street

      Retail space available on busy Lake Street in Addison, IL.
      1407-1455 W Lake St, Addison, IL 60101
      View Details
    • Contact for pricing

      Retail Spaces in Addison, Illinois

      In-line retail spaces available for immediate occupancy.
      65 E Fullerton Ave, Addison, IL 60101
      View Details
    • Contact for pricing

      Retail Spaces in Addison, IL

      Two retail spaces available for immediate occupancy in Addison.
      49 E Fullerton Ave, Addison, IL 60101
      View Details
    • $11 SF/Yr
      7,539 SF

      Versatile Flex Space in Addison

      Adaptable space for industrial and retail uses in Addison, IL.
      2055 W Army Trail Rd, Addison, IL 60101
      View Details
    • Contact for pricing
      75,020 SF

      Addison Office Space: Prime Location

      75,020 SF Office Building, Two Suites Available
      2171 Executive Dr, Addison, IL 60101
      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.
    2449 Lk St
    Addison, IL 60101-6102
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.