New search
Property profile & analytics
OFF-MARKET
Estimated value
$32,445,000
Industrial properties
1200 Central Ave, Hanover Park, IL 60133-5401
Entity Owned
~
Est. High Equity
Property ID
US28-1814306
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1997
Construction
TILT-UP CONCRETE
Total area
320,504 SF
Lot
17.6 ac (766,656 SF)
Zoning code
I
APN
02-06-202-002
UPID
US28-1814306
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
-
MWDC Corporate Office
-
Shark Garage Door Repairs LLC Building Supply General Contractor
-
Acuity Brands Lighting - Midwestern Distribution and Reg Manufacturing Center Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$21.23M
Comparable Approach
Comparable
$32.96M
Blend (final)
Blend
$32.45M
Owner & transaction history
1200 Central Avenue Investors LLC
1200 Central Avenue Investors LLC
since 2025
Last sale
$37.8M
7 recorded transactions
Zoning & alternative use
I · Hanover Park, IL
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 Hanover Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hanover Park 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$22,995,000
6.5%
$21,225,000
7%
$19,710,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$36,360,000
Current use
Blend value · Realmo final
$32.45M
Range $29.20M – $35.69M · ±10% · vs last sale $37.80M (Jul 21 2025)
Last sale anchor
$37.80M
Jul 21 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
$101 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$543,490
Tax year 2023
Assessed value
$6,566,670
Assessed 2023
Previous assessed
$4,181,290
+57.0% YoY
Effective rate
8.28%
On assessed value
Assessed land
$1,660,290
Assessed improvement
$4,906,380
Land market value
$4,980,870
Improvement market value
$14,719,140
Total market value
$19,700,010
Applied tax rate
2,133.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1997
Construction
TILT-UP CONCRETE
Heating
NONE
Total area
320,504 SF
Lot
17.6 ac (766,656 SF)
Zoning code
I
APN
02-06-202-002
UPID
US28-1814306
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
I · Hanover Park, IL
Zoning I · permitted uses
I · Hanover Park, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hanover Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$36.4M
INDUSTRIAL (GENERAL) Current
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
1997
Construction
TILT-UP CONCRETE
Heating
NONE
Lot
17.6 ac
Current owner
From public records · entity-resolved
1200 Central Avenue Investors LLC
Entity
Mailing address
PO BOX 2980, CHICAGO, IL 60690-2980
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2025
$37,800,000
1200 Central Avenue Investors LLC
Harvest A Turnberry Center LLC
Special Warranty Deed
$29,130,600 · United Of Omaha Life Insurance Comp
Oct 11, 2019
—
Harvest A Turnberry Center LLC
—
Deed
related
$345,000 · Miscellaneous Ins Co
Dec 15, 2016
—
Harvest A Turnberry Center LLC
Chicago Suburban Distribution
Grant Deed
$345,000 · Miscellaneous Ins Co
Sep 30, 2014
—
Northern Builders INC
Northern Equities LLC
Quit Claim Deed
—
Sep 30, 2014
$20,329,000
Chicago Suburban Distribution
Grusecki Trust
Grant Deed
—
Jul 9, 1998
—
Northern Equities LLC
Lasalle National Bank Ttee
Trustees Deed
related
$84,239,219 · Jackson National Life Ins Co
—
—
Harvest A Turnberry Center LLC
—
Deed Of Trust
related
$345,000 · Miscellaneous Ins Co
—
—
Heaver A Turnberry Center LLC
—
Loan Modification
related
$345,000 · Miscellaneous Ins Co
—
—
Northern Equities LLC
—
Loan Modification
related
$56,643,278 · Miscellaneous Ins Co
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.
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 1200 Central Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
