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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Commercial real estate
111 Lk St, Montgomery, IL 60538-1441
Individually Owned
~
Est. High Equity
Property ID
US28-0209478
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,880 SF
Lot
2 ac (87,120 SF)
APN
15-32-402-008
UPID
US28-0209478
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
-
Atrevete Collaborative Kitchen Co. Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$640k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$615k
Owner & transaction history
Michael Russ
Michael Russ
since 2026
Last sale
$600,000
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 Montgomery submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Montgomery 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
$625,000
ML approach
$640,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$615k
Range $554k – $677k · ±10% · vs last sale $600k (Jan 30 2023)
Last sale anchor
$600k
Jan 30 2023
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
$34 / 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
$60,186
Tax year 2022
Assessed value
$747,554
Assessed 2022
Previous assessed
$695,982
+7.4% YoY
Effective rate
8.05%
On assessed value
Assessed land
$158,160
Assessed improvement
$589,394
Land market value
$474,480
Improvement market value
$1,768,182
Total market value
$2,242,662
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
17,880 SF
Lot
2 ac (87,120 SF)
APN
15-32-402-008
UPID
US28-0209478
Jurisdiction
KANE
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
Building & site characteristics
From public records
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
2 ac
Current owner
From public records · entity-resolved
Michael Russ
Individual
Mailing address
88 N DUGAN RD STE F, SUGAR GROVE, IL 60554-5122
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2026
$700,000
Michael Russ
Mrrw Construction LLC
Warranty Deed
—
Dec 18, 2023
—
Mmrw Construction LLC
—
Deed
related
$700,000 · Coveted Funding
Jan 30, 2023
$600,000
Mrrw Construction LLC
Fox River Foods INC
Special Warranty Deed
—
Jun 1, 2016
—
Fox River Foods INC
—
Deed
related
$180,000,000 · Wells Fargo Bank NA
Apr 2, 2013
—
Fox River Foods INC
—
Deed Of Trust
related
$1,800,000,000 · Wfb NA
Jan 31, 2013
—
Fox River Foods INC
111 South Lake LLC
Quit Claim Deed
related
—
Sep 18, 2009
$1,345,000
111 South Lake LLC
First National Bank Of Naperville
Warranty Deed
$1,345,000 · Allied First Bank
Aug 7, 2009
—
First Natl Bk Of Naperville
Judicial Circuit Court
Trustees Deed
related
—
May 8, 2008
—
Mathew Setork
Old Second Natl Bk Of Aurora
Grant Deed
—
Jul 9, 2002
—
Second Natl Bk Aurora Ttee Old
Setork,mathew
Grant Deed
related
—
Nov 16, 2001
$500,000
Mathew Setork
Edward Hines Lumber Co
Grant Deed
$514,897 · Archer Bank
—
—
Fox River Foods INC
—
Deed Of Trust
related
$750,000,000 · Credit Suisse Cayman Islands
—
—
Second Natl Bk Aurora Ttee Old
—
Deed Of Trust
related
$850,000 · Fifth Third Bank Chicago
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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