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Property profile & analytics
OFF-MARKET
Estimated value
$2,390,000
Retail space
1100 Elmhurst Rd, Mount Prospect, IL 60056-4241
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US28-5909366
Property summary
AI-generated overview
Countryside Court offers 5,724 square feet of vacant medical office space for lease in a thriving Mount Prospect, IL location. This single-story, 31,900 square foot building, constructed in 1974, features 17 suites, with available spaces ranging from 1,260 to 1,923 contiguous square feet. The property sits on a 2.87-acre lot at the high-traffic intersection of Golf and Elmhurst Roads, boasting over 30,000 vehicles per day. The building enjoys high occupancy, with a diverse tenant mix including retail, office, and restaurant users. The property is zoned B-5 and located in Cook County, Illinois, at 1100 S Elmhurst Rd, Mt Prospect, IL 60056. This is an excellent opportunity for medical professionals seeking a well-established location with high visibility and ample parking. The minimum leasable space is 1,260 square feet. The property's convenient location and strong tenant base make it an ideal investment for medical practices of all sizes.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1970
Total area
17,700 SF
Lot
2.87 ac (125,017 SF)
APN
08-14-401-029
UPID
US28-5909366
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
-
Countryside Ct Shopping Center & Mall
-
Hacienda El Sombrero Mexican Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.37M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.72M
Blend (final)
Blend
$2.39M
Owner & transaction history
Smart Shopping Center II LLC · 5 yrs held
Smart Shopping Center II LLC
since 2021
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.9M
+47.1%
Apartment house (5+ units)
$3.2M
+20.2%
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 Mount Prospect submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Prospect 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
Method
Estimation
Statistic approach
$2,385,000
ML approach
$2,370,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,640,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,880,000
Change: +47% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$3,170,000
Change: +20% · Conversion: Difficult
OFFICE BUILDING
$2,365,000
Change: -10% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,145,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$2.39M
Range $2.15M – $2.63M · ±10% · vs last sale $2.40M (Apr 14 2021)
Last sale anchor
$2.40M
Apr 14 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$135 / SF
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 2022Property tax & assessments
Tax year 2022
Tax billed
$200,317
Tax year 2022
Assessed value
$800,690
Assessed 2022
Previous assessed
$776,001
+3.2% YoY
Effective rate
25.02%
On assessed value
Assessed land
$421,875
Assessed improvement
$378,815
Land market value
$1,687,500
Improvement market value
$1,515,260
Total market value
$3,202,760
Applied tax rate
16,048.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1970
Heating
NONE
Stories
1
Total area
17,700 SF
Lot
2.87 ac (125,017 SF)
APN
08-14-401-029
UPID
US28-5909366
Jurisdiction
COOK
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.2M
OFFICE BUILDING
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.1M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Heating
NONE
Stories
1
Lot
2.87 ac
Current owner
From public records · entity-resolved
Smart Shopping Center II LLC
Entity
Mailing address
9165 ETCHING OVERLOOK, DULUTH, GA 30097-6412
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2021
$2,400,000
Smart Shopping Center II LLC
Dbfs LLC
Special Warranty Deed
$1,680,000 · Loyal Trust Bank
Aug 20, 2013
$2,275,000
Dbfs LLC
North Cmnty Bk
Grant Deed
—
Oct 17, 2012
—
North Cmnty Bk
Piper Real Estate INC
Warranty Deed
related
—
Aug 6, 2004
$4,425,000
Piper Real Estate INC
Speer,paul D JR & Yang Y
Warranty Deed
$3,540,000 · Edens Bank
Jan 2, 2001
$1,750,000
Midong Choi
Lasalle Bank NA Trustee
Grant Deed
$1,750,000 · Foster Bank
—
—
Piper Real Estate INC
—
Deed Of Trust
related
$1,559,978 · Edens Bank
—
—
Midong Choi
—
Deed Of Trust
related
$567,254 · Unknown
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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