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Property profile & analytics
OFF-MARKET
Industrial properties
10400 2nd St, Machesney Park, IL 61115-1404
Entity Owned
~
Est. High Equity
Property ID
US28-1301873
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1988
Total area
2,550 SF
APN
08-17-377-002
UPID
US28-1301873
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Paper Recovery Services Recycling Center Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jm Commercial Properties LLC
Jm Commercial Properties LLC
since 2026
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Machesney Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Machesney Park submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$30,898
Tax year 2023
Assessed value
$353,436
Assessed 2023
Previous assessed
$322,360
+9.6% YoY
Effective rate
8.74%
On assessed value
Assessed land
$67,080
Assessed improvement
$286,356
Land market value
$201,240
Improvement market value
$859,068
Total market value
$1,060,308
Applied tax rate
133.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1988
Heating
NONE
Stories
1
Total area
2,550 SF
APN
08-17-377-002
UPID
US28-1301873
Jurisdiction
WINNEBAGO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1988
Heating
NONE
Stories
1
Current owner
From public records · entity-resolved
Jm Commercial Properties LLC
Entity
Mailing address
179 MUIR DR, LOVES PARK, IL 61111-8926
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2026
$1,500,000
Jm Commercial Properties LLC
Graceffa Trust
Deed
$1,500,000 · Byron Bank
Jan 9, 2025
—
Graceffa Trust
—
Deed
related
$955,600 · St Charles Bank & Trust Co
Apr 25, 2024
—
Graceffa Trust
Frank A Graceffa
Warranty Deed
—
Apr 19, 2024
—
Frank A Graceffa
Frank A Graceffa
Intrafamily Transfer
related
—
Dec 28, 2022
—
Graceffa Trust
Frank A Graceffa
Warranty Deed
—
Mar 2, 2018
$880,000
Frank A Graceffa
Jm Commercial Properties LLC
Grant Deed
$704,000 · Rockford Bk&tr
Dec 30, 2016
—
Jm Commercial Properties LLC
Michalsen,james N JR
Quit Claim Deed
related
—
Oct 21, 2016
$730,000
James N Michalsen JR
Trust 10400 Inv Trust
Grant Deed
$620,500 · Alpine Bk&tr
Mar 9, 2001
—
Helen M Rickard Trustee
Lasalle Bank NA Trustee
Grant Deed
related
—
—
—
W R Scherwat Ttee
—
Deed Of Trust
related
$90,000 · Alpine Bank Illinois
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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