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Property profile & analytics
FOR LEASE
Industrial properties
1480 Industrial Dr, Itasca, IL 60143-1864
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-0210413
For Lease
1 / 17
$1,495,000
1480 Industrial Dr, Itasca, IL 60143-1864
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Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
24,620 SF
Lot
1.8 ac (78,408 SF)
Zoning code
I
APN
03-09-308-008
UPID
US28-0210413
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
-
L R Hein Construction Construction Company General Contractor
-
käretäs brewing Production Facility Brewery & Distillery
-
Church Street Brewing Company Production Facility Brewery & Distillery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.58M
CAP Approach
CAP
$1.63M
Comparable Approach
Comparable
$1.33M
Blend (final)
Blend
$1.50M
Owner & transaction history
Swiffer LLC · 4 yrs held
Swiffer LLC
since 2021
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
I · Itasca, IL
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 Itasca submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Itasca 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
$1,625,000
ML approach
$1,580,000
CAP Approach
CAP Return
Estimation
6%
$1,765,000
6.5%
$1,630,000
7%
$1,515,000
Blend value · Realmo final
$1.50M
Range $1.35M – $1.64M · ±10% · vs last sale $1.40M (Aug 24 2021)
Last sale anchor
$1.40M
Aug 24 2021
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
$61 / 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
$49,311
Tax year 2023
Assessed value
$709,760
Assessed 2023
Previous assessed
$577,320
+22.9% YoY
Effective rate
6.95%
On assessed value
Assessed land
$225,830
Assessed improvement
$483,930
Land market value
$677,490
Improvement market value
$1,451,790
Total market value
$2,129,280
Applied tax rate
3,012.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Total area
24,620 SF
Lot
1.8 ac (78,408 SF)
Zoning code
I
APN
03-09-308-008
UPID
US28-0210413
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
I · Itasca, IL
Zoning I · permitted uses
I · Itasca, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Itasca. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Lot
1.8 ac
Current owner
From public records · entity-resolved
Swiffer LLC
Entity
Mailing address
1480 INDUSTRIAL DR, ITASCA, IL 60143-1864
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2023
—
Swiffer LLC
—
Deed
related
$562,000 · Somercor 504 INC
Aug 24, 2021
$1,400,000
Swiffer LLC
Elipse Development LLC
Special Warranty Deed
$790,000 · American Community Bank & Trust
Feb 14, 2013
—
Elipse Dev LLC
Elipse Dev
Quit Claim Deed
—
Oct 3, 2001
$1,100,000
Elipse Development
Herrman Trust
Grant Deed
$1,040,000 · Union National Bank
—
—
Elipse Dev
—
Deed Of Trust
related
$150,000 · Union National Bank
—
—
Elipse Dev LLC
—
Deed Of Trust
related
$1,120,000 · Itasca Bank & Trust Co
—
—
Elipse Dev
—
Deed Of Trust
related
$1,330,071 · Union National 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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