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Property profile & analytics
OFF-MARKET
Estimated value
$1,490,000
Commercial real estate
120 Lk St, Montgomery, IL 60538-1442
Trust Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-4739400
Property summary
AI-generated overview
This exceptional 14.76-acre commercial/industrial property located at 120 South Lake Street in Montgomery, Illinois (zip code 60538), presents a significant redevelopment opportunity. The property boasts a substantial 154,794 square feet of existing warehouse space, currently configured for greenhouse and floral operations. Zoned M-1 Industrial, this site offers immense potential for various light industrial or commercial ventures. Its strategic location provides exceptional visibility and accessibility. The property features three existing curb cuts, strategically positioned with two on Route 31 and one on Aucutt Road, maximizing convenient ingress and egress. This translates to approximately 1,700 linear feet of frontage along Route 31, offering unparalleled exposure for any future development. The asking price for this single-tenancy property is $2,500,000. This is a rare chance to acquire a large-scale industrial property in a thriving Kendall County location with significant redevelopment potential. The property's size and strategic location make it an ideal candidate for a variety of uses, offering a strong return on investment for the discerning buyer. Don't miss this opportunity to secure a prime piece of Illinois real estate.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
11.59 ac (504,860 SF)
APN
15-32-401-007
UPID
US28-4739400
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
-
Schaefer Greenhouses Inc. Garden Center
-
Wholesale Plants Big Box & Wholesale Store
-
Raymond & Sons Plumbing Plumbing Service Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.49M
Owner & transaction history
Trust No 2061 · 7 yrs held
Trust No 2061
since 2019
Last sale
$1.8M
1 recorded transaction
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
$1,270,000
ML approach
$1,085,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.49M
Range $1.34M – $1.64M · ±10% · vs last sale $1.80M (Mar 17 2025)
Last sale anchor
$1.80M
Mar 17 2025
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
$47,161
Tax year 2022
Assessed value
$585,772
Assessed 2022
Previous assessed
$545,361
+7.4% YoY
Effective rate
8.05%
On assessed value
Assessed land
$148,551
Assessed improvement
$437,221
Land market value
$445,653
Improvement market value
$1,311,663
Total market value
$1,757,316
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Heating
NONE
Lot
11.59 ac (504,860 SF)
APN
15-32-401-007
UPID
US28-4739400
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
Heating
NONE
Lot
11.59 ac
Current owner
From public records · entity-resolved
Trust No 2061
Trust
Mailing address
10 S LA SALLE ST STE #2750, CHICAGO, IL 60603-1108
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2019
—
Trust No 2061
—
Trustees Deed
related
$1,000,000 · Compeer Fin'l Pca
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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