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    849 Main St Glen Ellyn, IL 60137-3674

    • Warehouses
    • 3,053 SF
    • 0.61 lot acres
    OFF-MARKET
    Value Estimations
    $385,000
    Show details
    Cap Rate Potential
    4.7%
    Warehouses
    Location Intelligence
    Property ID
    US28-2129268
    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

    • Warehouses

    Property Details for 849 Main St

    Year built
    1950
    Construction
    MIXED
    Lot size
    0.61 lot acres
    Property size
    3,053 SF
    Zone code
    C
    Property type
    Warehouses
    APN
    05-02-413-006
    APU
    502413006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $340,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $424,000
      Market price range: $234k - $424k
      AI Estimate
      $259,000
      Market price range: $44.8k - $260k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $320,000
      Current use
      OFFICE BUILDING
      $555,000
      Change: +74% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $525,000
      Change: +66% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Glen Ellyn
    County
    Dupage
    State
    Illinois
    Longitude
    -88.063
    Latitude
    41.8907
    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
    $11,885
    $98,440
    $74,890
    $173,330
    -
    $295,320
    $224,670
    $519,990

    Comparable in this City

    • Value Estimation
      $250,000
      0.16 Acres

      999 Main St

      WAREHOUSE, STORAGE • 0.16 Acres
      999 Main St, Glen Ellyn, IL 60137-3581
      View Details
    • Value Estimation
      $265,000
      0.20 Acres

      1st Main St

      MINI-WAREHOUSE, STORAGE • 0.20 Acres
      1st Main St, Glen Ellyn, IL 60137-3576
      View Details
    • Value Estimation
      $265,000
      0.18 Acres

      350 Duane St, Unit 62

      WAREHOUSE, STORAGE • 0.18 Acres
      350 Duane St, Glen Ellyn, IL 60137-4393
      View Details
    • Value Estimation
      $715,000
      24,591 SF

      999 Main St

      WAREHOUSE, STORAGE • 24,591 SF
      999 Main St, Glen Ellyn, IL 60137-3581
      View Details
    • Value Estimation
      $255,000
      0.34 Acres

      1st Park Blvd

      WAREHOUSE, STORAGE • 0.34 Acres
      1st Park Blvd, Glen Ellyn, IL 60137-3618
      View Details
    • Value Estimation
      $685,000
      68,894 SF

      352 Roosevelt Rd

      WAREHOUSE, STORAGE • 68,894 SF
      352 Roosevelt Rd, Glen Ellyn, IL 60137-5646
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,816 SF

      Downtown Glen Ellyn Brewery/Restaurant

      7,861 SF restaurant and brewery in vibrant downtown Glen Ellyn.
      486 Pennsylvania Ave, Glen Ellyn, IL 60137
      View Details
    • $980,000

      Luxury Townhome in Harding Glen

      Refined townhome with customizable design options and high-end finishes.
      131 Harding Ct, Glen Ellyn, IL 60137
      View Details
    • Contact for pricing
      8,086 SF

      Glen Ellyn Office Building

      Office building in Glen Ellyn, suitable for investors or owner-users.
      500 Pennsylvania Ave, Glen Ellyn, IL 60137
      View Details
    • $850,000
      3,631 SF

      Glen Ellyn Office Building

      Move-in ready office building near Metra station with parking.
      568 Pennsylvania Ave, Glen Ellyn, IL 60137
      View Details
    • New
      $999,900
      0.07 Acres

      Glen Ellyn Mixed-Use Building

      Commercial/Residential building in downtown Glen Ellyn, near Metra station.
      532 Crescent Blvd, Glen Ellyn, IL 60137
      View Details
    • $995,000

      Luxury End-Unit Townhome

      Sophisticated townhome with first-floor suite and customizable design options.
      129 Harding Ct, Glen Ellyn, IL 60137
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      3,600 SF

      Functional Industrial Space For Lease

      4,200 SF industrial space with offices and dock.
      390-402 Saint Charles Rd, Glen Ellyn, IL 60137
      View Details
    • $25 SF/Yr
      1,250 SF

      Glen Ellyn Office Space Available

      Office space for rent near Illinois Prairie Path.
      386 Pennsylvania Ave, Glen Ellyn, IL 60137
      View Details
    • Contact for pricing
      12,000 SF

      Glen Ellyn Retail Center Investment

      High-traffic, multi-tenant retail center
      515 Roosevelt Rd, Glen Ellyn, IL 60137
      View Details
    • Contact for pricing
      2,893 SF

      Glen Ellyn Retail Opportunity

      Freestanding retail building with high visibility and parking.
      600 Roosevelt Rd, Glen Ellyn, IL 60137
      View Details
    • New
      Contact for pricing
      19,602 SF

      Glen Ellyn Restaurant Space

      Second-generation restaurant space with potential for drive-thru.
      1180 Roosevelt Rd, Glen Ellyn, IL 60137
      View Details
    • Contact for pricing
      18,543 SF

      Glen Ellyn Retail Opportunity

      Prime Retail Space, Ground Lease Available
      701-719 Roosevelt Rd, Glen Ellyn, IL 60137
      View Details
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    849 Main St
    Glen Ellyn, IL 60137-3674
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    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
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