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Property profile & analytics
FOR LEASE
Industrial properties
1549 Glenlake Ave, Itasca, IL 60143
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-5660366
For Lease
1 / 2
$8,105,000
1549 Glenlake Ave, Itasca, IL 60143
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
78,161 SF
Lot
3.14 ac (136,778 SF)
Zoning code
I
APN
02-01-202-016
UPID
US28-5660366
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
-
Western Folder Distributing Company, Inc Advertising Agency Marketing & Advertising
-
Western Folder Distributing Company Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.17M
CAP Approach
CAP
$5.18M
Comparable Approach
Comparable
$6.54M
Blend (final)
Blend
$8.11M
Owner & transaction history
Tcd 238 Aim Property LLC · 4 yrs held
Tcd 238 Aim Property LLC
since 2022
Last sale
$8.1M
7 recorded transactions
Zoning & alternative use
I · Itasca, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$12.9M
+58.6%
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
$8,160,000
ML approach
$8,170,000
CAP Approach
CAP Return
Estimation
6%
$5,610,000
6.5%
$5,175,000
7%
$4,805,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$8,155,000
Current use
COMMERCIAL (GENERAL)
$12,935,000
Change: +59% · Conversion: Difficult
WAREHOUSE, STORAGE
$8,140,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$8.11M
Range $7.29M – $8.92M · ±10% · vs last sale $8.05M (Jan 31 2022)
Last sale anchor
$8.05M
Jan 31 2022
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
$104 / 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
$111,376
Tax year 2023
Assessed value
$1,574,270
Assessed 2023
Previous assessed
$695,280
+126.4% YoY
Effective rate
7.07%
On assessed value
Assessed land
$318,630
Assessed improvement
$1,255,640
Land market value
$955,890
Improvement market value
$3,766,920
Total market value
$4,722,810
Applied tax rate
2,054.0000
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
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Total area
78,161 SF
Lot
3.14 ac (136,778 SF)
Zoning code
I
APN
02-01-202-016
UPID
US28-5660366
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$8.2M
COMMERCIAL (GENERAL)
Est. value
$12.9M
WAREHOUSE, STORAGE
Est. value
$8.1M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Lot
3.14 ac
Current owner
From public records · entity-resolved
Tcd 238 Aim Property LLC
Entity
Mailing address
2 INTERNATIONAL PL, BOSTON, MA 02110-4142
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2022
$8,050,000
Tcd 238 Aim Property LLC
Liberty Property Limited Partnershi
Special Warranty Deed
$103,800,000 · Capital One NA
Oct 17, 2013
—
Liberty Property LP
Cabot III-ilw01-w05 LLC
Grant Deed
—
May 29, 2009
—
Cabot III-il-1w01-w05 LLC
—
Deed Of Trust
related
$120,000,000 · Pnc Bank
Dec 3, 2008
$14,398,500
Cabot III -il1w01-w05 LLC
Teachers Ins & Annuity Assn Of Am
Warranty Deed
—
Oct 13, 2004
$18,343,500
Teachers Ins & Annuity Assn Of Am
Rreef America Reit Corp Aa
Warranty Deed
—
Sep 21, 2000
$2,149,333
Rreef America Reit Corp
Morgan Guaranty Tr Co Ny Ttee
Trustees Deed
—
Sep 21, 2000
$799,000
Rreef America Reit Corp
Lasalle Bank NA Ttee
Trustees Deed
—
—
—
Liberty Property LP
—
Deed Of Trust
related
$2,340,000 · Aviva Life & Annuity Co
—
—
Liberty Property Ltd Ptshp
—
Deed Of Trust
related
$2,340,000 · Aviva Life & Annuity Co
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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