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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Auto shops
1148 Waukegan Rd, Glenview, IL 60025-3046
Entity Owned
2-yr Hold
Free & Clear
Property ID
US28-5874762
Property summary
AI-generated overview
This exceptional 0.43-acre commercial land parcel, located at 1148 Waukegan Road in Glenview, Illinois, presents a compelling investment opportunity. Situated on the hard corner of Waukegan Road and Grove Street, this property boasts exceptional visibility and accessibility. The site encompasses approximately 18,730 square feet and is zoned D-D (Downtown Development District) by the Village of Glenview. This versatile zoning allows for a wide range of development possibilities, including retail, office, or service uses, providing significant flexibility for potential buyers. The property's strategic location within the thriving Glenview community offers easy access to major transportation routes and a strong local market. The asking price is $1,100,000. 2020 property taxes were $29,185.59. This prime location and flexible zoning make this an ideal opportunity for developers and investors seeking a high-impact commercial project in a desirable area. The property's address is 1148 Waukegan Rd, Glenview, IL 60025, within Cook County.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1959
Lot
0.42 ac (18,360 SF)
APN
04-35-205-029
UPID
US28-5874762
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$830k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$875k
Owner & transaction history
1148 Waukegan LLC · 2 yrs held
1148 Waukegan LLC
since 2023
Last sale
$900,000
4 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 Glenview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glenview 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)
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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
$700,000
ML approach
$830,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$875k
Range $788k – $963k · ±10% · vs last sale $900k (Aug 31 2023)
Last sale anchor
$900k
Aug 31 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
—
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
$26,032
Tax year 2022
Assessed value
$121,025
Assessed 2022
Previous assessed
$133,582
-9.4% YoY
Effective rate
21.51%
On assessed value
Assessed land
$96,390
Assessed improvement
$24,635
Land market value
$385,560
Improvement market value
$98,540
Total market value
$484,100
Applied tax rate
25,038.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1959
Heating
NONE
Stories
1
Lot
0.42 ac (18,360 SF)
APN
04-35-205-029
UPID
US28-5874762
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
Building & site characteristics
From public records
Year built
1959
Heating
NONE
Stories
1
Lot
0.42 ac
Current owner
From public records · entity-resolved
1148 Waukegan LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1151 NOGH YLIWEWIEE, NILES, IL 60714
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2023
$900,000
1148 Waukegan LLC
American Eagle Bank
Special Warranty Deed
—
Mar 5, 2013
—
American Eagle Bk
Intercounty Judicial Sales Cor
Trustees Deed
related
—
Nov 23, 2004
—
Glenview Dev Group LLC
—
Trustees Deed
related
$750,000 · American Eagle Bank
Aug 5, 2004
$950,000
Glenview Dev Group LLC
Waukegan Service Center INC
Warranty Deed
—
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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