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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Retail space
1301 21st St, Zion, IL 60099-2334
Entity Owned
5-yr Hold
Free & Clear
Property ID
US28-1035717
Property summary
AI-generated overview
This 1,200 square foot retail space is located within the Zion Plaza, a multi-tenant retail strip center in Zion, Illinois. The property, built in 1986, is a single-story, brick and block building totaling 8,520 square feet. This particular unit, previously a Cost Cutters salon/spa, offers a turnkey opportunity for a similar business, benefiting from existing fixtures and build-out. The space is part of a well-maintained center anchored by national tenants like H&R Block and local businesses such as Top Nails. The Zion Plaza enjoys a prime location at the northwest corner of 21st Street (Route 173) and Elisha Avenue, directly across from Jewel Osco and a short distance from Sheridan Road (Route 137). Zion's strategic location in Lake County, Illinois, places it conveniently between Chicago and Milwaukee. The property offers excellent visibility and accessibility, making it an ideal location for a variety of retail businesses. The unit is immediately available. The address is 1301 21st Street, Zion, IL 60099.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1986
Construction
BRICK
Total area
8,520 SF
Lot
0.53 ac (23,274 SF)
APN
04-21-206-011
UPID
US28-1035717
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$790k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$488k
Blend (final)
Blend
$645k
Owner & transaction history
Mj Investment Properties INC · 5 yrs held
Mj Investment Properties INC
since 2020
Last sale
$593,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.0M
+107.5%
Commercial (general)
$1.0M
+105.3%
Apartment house (5+ units)
$955,000
+91.9%
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 Zion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Zion 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
$775,000
ML approach
$790,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$495,000
Current use
OFFICE BUILDING
$1,030,000
Change: +107% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,020,000
Change: +105% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$955,000
Change: +92% · Conversion: Difficult
WAREHOUSE, STORAGE
$720,000
Change: +45% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$660,000
Change: +33% · Conversion: Difficult
Blend value · Realmo final
$645k
Range $581k – $710k · ±10% · vs last sale $593k (Sep 2 2020)
Last sale anchor
$593k
Sep 2 2020
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
$76 / 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
$39,404
Tax year 2023
Assessed value
$177,455
Assessed 2023
Previous assessed
$275,677
-35.6% YoY
Effective rate
22.21%
On assessed value
Assessed land
$62,915
Assessed improvement
$114,540
Land market value
$188,764
Improvement market value
$343,654
Total market value
$532,418
Applied tax rate
2,034.0000
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
1986
Construction
BRICK
Heating
NONE
Total area
8,520 SF
Lot
0.53 ac (23,274 SF)
APN
04-21-206-011
UPID
US28-1035717
Jurisdiction
LAKE
Metro division
LAKE COUNTY-KENOSHA COUNTY, IL-WI 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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$495,000
OFFICE BUILDING
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$955,000
WAREHOUSE, STORAGE
Est. value
$720,000
INDUSTRIAL (GENERAL)
Est. value
$660,000
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
1986
Construction
BRICK
Heating
NONE
Lot
0.53 ac
Current owner
From public records · entity-resolved
Mj Investment Properties INC
Entity
Free & Clear · 5 yrs held
Mailing address
2478 W LK AVE, GLENVIEW, IL 60026-8036
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2021
—
Mj Investment Properties INC
—
Deed
related
$385,450 · Lakeside Bank
Sep 2, 2020
$593,000
Mj Investment Properties INC
Nobel Holdings LLC
Warranty Deed
—
Aug 17, 2018
—
Nobel Holdings LLC
Trust Number 122231
Grant Deed
—
Feb 17, 1999
$850,001
Lasalle National Bank Ttee
Corus Bank NA Ttee
Grant Deed
related
$450,000 · Manufacturers 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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