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Property profile & analytics
OFF-MARKET
Retail space
1217 State St, Lemont, IL 60439-4419
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US28-2694465
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1946
Total area
672 SF
Lot
0.59 ac (25,831 SF)
APN
22-32-200-018
UPID
US28-2694465
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
-
AT&T Store Mobile Phone Store Electronics & Wireless Store
-
Doctors of Physical Therapy Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lemont Village LLC · 5 yrs held
Lemont Village LLC
since 2021
Last sale
$415,000
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 Lemont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lemont 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$28,200
Tax year 2022
Assessed value
$125,181
Assessed 2022
Previous assessed
$125,181
+0.0% YoY
Effective rate
22.53%
On assessed value
Assessed land
$45,204
Assessed improvement
$79,977
Land market value
$180,816
Improvement market value
$319,908
Total market value
$500,724
Applied tax rate
19,002.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1946
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
1
Total area
672 SF
Lot
0.59 ac (25,831 SF)
APN
22-32-200-018
UPID
US28-2694465
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
1946
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.59 ac
Current owner
From public records · entity-resolved
Lemont Village LLC
Entity
Mailing address
151 BODMAN PL STE #201, RED BANK, NJ 07701-1064
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2021
—
Lemont Village LLC
Lemont Village Square LLC
Intrafamily Transfer
related
$13,520,000 · American National Insurance Co
Jul 1, 2019
—
Pruski Dev LLC
—
Deed
related
$224,000 · Fifth Third Bk
Nov 13, 2012
—
Lemont Village Square LLC
Os Lemont Dev Co LLC
Quit Claim Deed
related
$8,900,000 · Prudential Mortgage Capital Co
May 26, 2011
—
Os Lemont Dev Co LLC
—
Deed Of Trust
related
$9,671,860 · Charter One
Oct 8, 2004
—
Os Lemont Dev Co LLC
—
Trustees Deed
related
$528,000 · Acr LLC
Jun 1, 2004
$415,000
Os Lemont Development Co LLC
Drager,beverly
Grant Deed
$300,000 · Louis Cole
—
—
Pruski Dev LLC
—
Loan Modification
related
$224,000 · Fifth Third Bk
—
—
Os Lemont Dev Co LLC
—
Deed Of Trust
related
$2,000,000 · Charter One Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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