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Entity Owned Property summary
This exceptional investment opportunity presents a single-tenant, net-leased Sweet Basil Café in Hanover Park, IL. Boasting an 8% cap rate and a strong NOI of $129,485, this 5,150 square-foot restaurant sits on a 0.76-acre lot within the grocery-anchored Westview Center shopping mall. The 11-year lease, commencing November 9, 2024, and expiring November 30, 2035, includes two five-year renewal options with built-in rent escalations. The property benefits from its high-traffic location on… Barrington Road (31,800 vehicles per day), near major thoroughfares Irving Park Road (IL 19) and IL 390. Situated in a densely populated area with a high average household income ($118,320 within five miles), the property enjoys proximity to numerous national retailers including Tony's Fresh Market, DD's Discounts, Menards, Walmart, and more. Built in 1990, the building features a roof warranty extending to 2042, minimizing landlord responsibilities. This prime location, coupled with a long-term lease and strong tenant, makes this a compelling investment opportunity within the Chicago MSA. The property's location within a thriving retail corridor, combined with the established brand recognition of Sweet Basil Café, ensures a stable and potentially appreciating asset. The lease terms provide for predictable income growth, making this a low-risk, high-reward investment. Detailed lease terms are available upon request.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Oct 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 9 properties nearbyComparable nearby
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- Lot area
- 0.76 ac
- Year built
- 1988
- Stories
- 1
- APN
- 06-25-401-054
- Assessed value · 2022
- $208,678
- Annual tax · 2022
- $64,458
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Signals, scores & lead lists
- 1500 owner contacts a month
- 150 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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