Property profile

1051 Lk St Hanover Park, IL 60133

OFF-MARKET
Retail space
Property ID
US28-0023617
14,977 SF 1.92 ac lot Built 2022
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2022
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 14,977 SF
Lot 1.92 ac (83,635 SF)
APN 02-05-300-022
UPID US28-0023617

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

1051 Lk St Hanover Park, IL 60133-6645
Hanover Park metro Census 841102 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.54M
CAP Approach CAP
$3.20M
Comparable Approach Comparable
$4.31M
Blend (final) Blend
$4.67M

Owner & transaction history

since 2022
Last sale
$4.8M
4 recorded transactions
2022
$4.8M
2021
$700,000
2021
Price N/A
2021
$300,000

Zoning & alternative use

Top alternative use upside
Commercial (general) $6.1M +89.3%
Auto repair, garage $5.3M +64.2%
Restaurant $4.7M +44.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1051 Lk St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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