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Property profile & analytics
FOR SALE
Commercial land
14325 S Bell Rd S, Homer Glen, IL 60491
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US28-0060847
For Sale
1 / 2
$1,350,000
14325 S Bell Rd S, Homer Glen, IL 60491
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Property summary
AI-generated overview
This exceptional 1.32-acre commercial land parcel, located at 14325 S Bell Road in Homer Glen, Illinois (zip code 60491), presents a remarkable development opportunity. Situated at the southeast corner of 143rd and Bell Road, this +/- 57,420 square foot lot boasts approximately 198 feet of frontage along Bell Road and dimensions of roughly 290 feet by 198 feet. The property's strategic location within Homer Glen's central business and shopping district ensures high visibility and accessibility. Nearby establishments include Jewel Food Store, Home Depot, Menards, and numerous national and regional businesses, including a BMO Harris Bank. The area benefits from high traffic counts and a densely populated residential area. Low Will County taxes further enhance the investment appeal. This site is ideal for various commercial developments and is available for sale or ground lease at an asking price of $1,350,000, with a land value of $23.51 per square foot. The property is conveniently located near Silver Cross Hospital, adding to its desirability.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
1.59 ac (69,260 SF)
APN
16-05-12-100-025
UPID
US28-0060847
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
$795k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$790k
Owner & transaction history
Johns Olive Grove LLC · 3 yrs held
Johns Olive Grove LLC
since 2023
Last sale
$750,000
2 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 Homer Glen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Homer Glen 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
$870,000
ML approach
$795,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$790k
Range $711k – $869k · ±10% · vs last sale $750k (May 4 2023)
Last sale anchor
$750k
May 4 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 2023Property tax & assessments
Tax year 2023
Tax billed
$4,336
Tax year 2023
Assessed value
$56,042
Assessed 2023
Previous assessed
$56,042
+0.0% YoY
Effective rate
7.74%
On assessed value
Assessed land
$56,042
Applied tax rate
1,632.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Heating
NONE
Lot
1.59 ac (69,260 SF)
APN
16-05-12-100-025
UPID
US28-0060847
Jurisdiction
WILL
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
Heating
NONE
Lot
1.59 ac
Current owner
From public records · entity-resolved
Johns Olive Grove LLC
Entity
Free & Clear · 3 yrs held
Mailing address
14490 JOHN HUMPHREY DR, ORLAND PARK, IL 60462-2638
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2023
—
Johns Olive Grove LLC
Palddan Property Management Ltd
Quit Claim Deed
related
—
Dec 3, 2004
$750,000
Paldan Property Management Ltd
Trust 72-23670
Grant Deed
—
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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