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    Property profile & analytics

    1221 175th St Homewood, IL 60430-4602

    • Retail space
    • 0.68 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    May 05, 2022
    Location Intelligence
    Property ID
    US28-2674138
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Parking Lot / Parking Lot

    Property Details for 1221 175th St

    Year built
    1988
    Lot size
    0.68 lot acres
    Property type
    Retail space
    Property subtype
    Storefront properties
    APN
    29-32-101-051
    APU
    2932101051

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Homewood
    County
    Cook
    State
    Illinois
    Longitude
    -87.6471
    Latitude
    41.5713
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $63,204
    $44,634
    $73,180
    $117,814
    -
    $178,536
    $292,720
    $471,256

    Comparable in this City

    • Value Estimation
      $2,930,000
      0.16 Acres

      18233 Governors Hwy

      STORE, RETAIL OUTLET • 0.16 Acres
      18233 Governors Hwy, Homewood, IL 60430
      View Details
    • Value Estimation by Request
      7,085 SF

      2000 183Rd St

      Neighborhood centers • 7,085 SF
      2000 183Rd St, Homewood, IL 60430
      View Details
    • Value Estimation
      $4,650,000
      3.99 Acres

      1055 175th St

      STORE, RETAIL OUTLET • 3.99 Acres
      1055 175th St, Homewood, IL 60430-4610
      View Details
    • Value Estimation
      $1,075,000
      2.98 Acres

      17475 Jovanna Dr

      STORE, RETAIL OUTLET • 2.98 Acres
      17475 Jovanna Dr, Homewood, IL 60430-1020
      View Details
    • Value Estimation
      $440,000
      0.69 Acres

      1221 175th St

      STORE, RETAIL OUTLET • 0.69 Acres
      1221 175th St, Homewood, IL 60430-4602
      View Details
    • Value Estimation
      $470,000
      7,155 SF

      2023 Rdg Rd

      STORE, RETAIL OUTLET • 7,155 SF
      2023 Rdg Rd, Homewood, IL 60430-1749
      View Details

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      12,675 SF multi-tenant retail center in Homewood, Illinois.
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    • $595,000
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      Retail Strip Center For Sale

      7,500 SF retail strip center with 75% occupancy.
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    Similar Nearby for Lease

    • Contact for pricing
      7,085 SF

      Homewood Retail Space Available

      Prime Retail, High Visibility, Ample Parking
      2000 183Rd St, Homewood, IL 60430
      View Details
    • Contact for pricing
      1,453 SF

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      View Details
    • Contact for pricing
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      Retail Space Near Jewel-Osco

      Retail space shadow-anchored by Jewel-Osco in Homewood, Illinois.
      3055 183Rd St, Homewood, IL 60430
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    • $1.80 SF/Yr

      Commercial Space in Downtown Homewood

      Remodeled commercial space perfect for office, daycare, or similar services.
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    • $168 SF/Yr
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      Flexible Homewood Office Suites Available
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    • Contact for pricing
      2,366 SF

      Homewood Office Space For Rent

      Office space available in elevator building with excellent location.
      900 Ridge Rd, Homewood, IL 60430
      View Details
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    Homewood, IL 60430-4602
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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