Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1550 Grn Bay Rd North Chicago, IL 60064-1522

    • Manufacturing properties
    • 5,400 SF
    • 0.58 lot acres
    OFF-MARKET
    Value Estimation
    $840,000
    Last Sale
    Jan 13, 2020
    $665,000
    Location Intelligence
    Property ID
    US28-0338792
    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

    • Steve Olson Printing & Design / Commercial Printer

    Property Details for 1550 Grn Bay Rd

    Year built
    1992
    Construction
    FRAME
    Lot size
    0.58 lot acres
    Property size
    5,400 SF
    Property type
    Manufacturing properties
    APN
    08-31-409-016
    APU
    831409016

    Description

    This exceptional 5,400 square foot single-tenant office building, situated on a 25,088 square foot lot at 1550 N Green Bay Rd in North Chicago, IL 60064, presents a unique investment opportunity. Built in 1992, the one-story structure boasts 200 feet of prime Green Bay Road frontage, offering excellent visibility and accessibility. The building features approximately 1,400 square feet of front office space and a spacious 4,000 square foot rear warehouse area, complete with an overhead garage door. The property includes 15 parking spaces and benefits from its location within an Enterprise Zone. Its B2 General Business zoning allows for a diverse range of uses, including retail, medical, dental, and traditional office spaces. The asking price is $1,150,000, translating to $212.96 per square foot. Convenient access to major roadways such as I-94, Route 41, Route 120, and Waukegan Road enhances its strategic location. Originally designed for a printing company, this well-maintained building is ready for its next chapter. The property's APN is 08-31-409-016.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $870,000

    • CAP approach

      CAP return
      Estimation
      6%
      $675,000
      6.5%
      $745,000
      7%
      $655,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $675,000
      Geo Method
      $660,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $905,000
      Retail
      $820,000
      Mixed-Use
      $670,000
      Hospitality
      $740,000
      Educational
      $790,000
      Residential Income
      $835,000
      Energy
      $740,000
      Income-Based Land
      $855,000
      Food Service
      $715,000

    Location Insight

    • Map
    • Local Demand
    City
    North Chicago
    County
    Lake
    State
    Illinois
    Longitude
    -87.8709
    Latitude
    42.3309
    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
    2023
    $15,839
    $19,353
    $98,275
    $117,628
    -
    $58,065
    $294,854
    $352,919

    Comparable in this City

    • Value Estimation by Request
      32,664 SF

      1600 Morrow Ave

      MANUFACTURING (LIGHT) • 32,664 SF
      1600 Morrow Ave, North Chicago, IL 60064-3224
      View Details
    • Value Estimation by Request
      54,320 SF

      1550 24th St

      MANUFACTURING (LIGHT) • 54,320 SF
      1550 24th St, North Chicago, IL 60064-3302
      View Details
    • Value Estimation
      $545,000
      46,887 SF

      2323 Commonwealth Ave

      MANUFACTURING (LIGHT) • 46,887 SF
      2323 Commonwealth Ave, North Chicago, IL 60064-3305
      View Details
    • Value Estimation
      $440,000
      18,788 SF

      901 Martin Luther King Jr Dr

      MANUFACTURING (LIGHT) • 18,788 SF
      901 Martin Luther King Jr Dr, North Chicago, IL 60064-2718
      View Details
    • Value Estimation by Request
      24,482 SF

      1900 Marquette St

      MANUFACTURING (LIGHT) • 24,482 SF
      1900 Marquette St, North Chicago, IL 60064-2242
      View Details
    • Value Estimation by Request
      18,000 SF

      1400 Morrow Ave

      MANUFACTURING (LIGHT) • 18,000 SF
      1400 Morrow Ave, North Chicago, IL 60064-3220
      View Details

    Similar Nearby for Sale

    • $269,900
      0.15 Acres

      North Chicago Residential Income Property

      Two-unit property with finished attic and basement, fenced yard.
      1025 Lincoln St, North Chicago, IL 60064
      View Details
    • Contact for pricing

      North Chicago Four-Unit Apartment Building

      Four-unit apartment building in North Chicago, ideal for investors.
      417 10Th St, North Chicago, IL 60064
      View Details
    • $646,865
      2 SF

      Land Near Highway 41

      Two-acre commercial land with highway access and nearby amenities.
      23Rd Pl, North Chicago, IL 60064
      View Details
    • $89,900

      North Chicago Commercial Land Opportunity

      Prime commercial land in a high-growth North Chicago area.
      1718 Martin Luther King Jr Dr, North Chicago, IL 60064
      View Details
    • $425,000
      0.28 Acres

      North Chicago Turnkey Multi-Unit Building

      Rare, well-kept 4-unit building with income and upside potential.
      2137 Dickey Ave, North Chicago, IL 60064
      View Details
    • New
      $100,000
      0.66 Acres

      Established Nail Salon Opportunity

      Nail salon for sale in prime location with loyal clientele.
      2314 Green Bay Rd, North Chicago, IL 60064
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      238,575 SF

      North Chicago Warehouse Space Available

      Industrial warehouse space for lease in North Chicago, Illinois.
      3200 Skokie Hwy, North Chicago, IL 60064
      View Details
    • $9 SF/Yr
      52,580 SF

      Industrial Unit in Business Center

      Convenient industrial unit with easy access to transportation routes.
      2900 Skokie Hwy, North Chicago, IL 60064
      View Details
    • $65 SF/Yr
      9,623 SF

      Office and Laboratory Space Available

      Innovation and Research Park offering collaboration and creativity.
      3333 N Green Bay Rd, North Chicago, IL 60064
      View Details
    • $1,999 /Mo

      Remodeled Commercial Space For Lease

      Recently remodeled commercial space with excellent exposure in North Chicago.
      2435 Green Bay Rd, North Chicago, IL 60064
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1550 Grn Bay Rd
    North Chicago, IL 60064-1522
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.