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Property profile & analytics
OFF-MARKET
Estimated value
$7,545,000
Banks
12015 Western Ave, Blue Island, IL 60406-1193
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US28-1027839
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1967
Lot
0.76 ac (33,000 SF)
APN
25-30-111-031
UPID
US28-1027839
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
-
Prowell Chiropractic Alternative Medicine Practice
-
Paul Sterk - Old National Investments Financial Advisor
-
Old National Bank ATM Atm
-
Old National Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.79M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.55M
Owner & transaction history
Exchangeright Essential Income Stra · 3 yrs held
Exchangeright Essential Income Stra
since 2023
Last sale
$7.3M
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 Blue Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Blue Island 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
$7,805,000
ML approach
$7,790,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.55M
Range $6.79M – $8.30M · ±10% · vs last sale $7.29M (Feb 14 2023)
Last sale anchor
$7.29M
Feb 14 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
$126,893
Tax year 2022
Assessed value
$254,376
Assessed 2022
Previous assessed
$254,376
+0.0% YoY
Effective rate
49.88%
On assessed value
Assessed land
$57,750
Assessed improvement
$196,626
Land market value
$231,000
Improvement market value
$786,504
Total market value
$1,017,504
Applied tax rate
14,002.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1967
Heating
NONE
Lot
0.76 ac (33,000 SF)
APN
25-30-111-031
UPID
US28-1027839
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
1967
Heating
NONE
Lot
0.76 ac
Current owner
From public records · entity-resolved
Exchangeright Essential Income Stra
Individual
Mailing address
8750 W BRYN MAWR AVE STE #1300, CHICAGO, IL 60631-3655
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2023
—
Exchangeright Essential Income Stra
Exchangeright Essential Income Stra
Intrafamily Transfer
related
$26,900,000 · Old National Bank
Jun 22, 2021
$7,293,000
Exchangeright Essential Income Stra
Wim Fmb Portfolio Owner LLC
Special Warranty Deed
$60,000 · Ameris Bank
Oct 8, 2020
—
Vedar LLC
—
Deed
related
—
Jan 23, 2020
—
Wim Fmb Portfolio Owner LLC
—
Deed
related
$925,000,000 · Jp Morgan Chase Bk
Aug 24, 2017
$6,827,000
Wim Fmb Portfolio Owner LLC
Fmb Portfolio Bd Owner LLC
Trustees Deed
related
$1,600,000,000 · Jp Morgan Chase Bk
Oct 4, 2016
$5,866,500
Fmb Portfolio Bd Owner LLC
First Midwest Bk
Grant Deed
—
—
—
Wim Fmb Portfolio Owner LLC
—
Deed Of Trust
related
$925,000,000 · Jp Morgan Chase Bk
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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