New search
Property profile & analytics
FOR LEASE
Industrial properties
1550 W Bryn Mawr Ave, Itasca, IL 60143
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-5813160
For Lease
1 / 2
$4,075,000
1550 W Bryn Mawr Ave, Itasca, IL 60143
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
62,991 SF
Lot
4.61 ac (200,812 SF)
Zoning code
I
APN
02-12-201-018
UPID
US28-5813160
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
-
Cycle Logistics Inc Trucking Company
-
National Salt Supply Department Store
-
Concert Group Logistics (CGL) Freight Service Logistics Company
-
Mej Logistics Lic Shipping Company Freight Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.17M
Comparable Approach
Comparable
$5.50M
Blend (final)
Blend
$4.08M
Owner & transaction history
Chicago Indl Portfolio Owner · 7 yrs held
Chicago Indl Portfolio Owner
since 2018
5 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,520,000
6.5%
$4,170,000
7%
$3,875,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,575,000
Current use
WAREHOUSE, STORAGE
$6,560,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$4.08M
Range $3.67M – $4.48M · ±10%
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
$65 / 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
$96,558
Tax year 2023
Assessed value
$1,364,810
Assessed 2023
Previous assessed
$1,160,010
+17.7% YoY
Effective rate
7.07%
On assessed value
Assessed land
$427,400
Assessed improvement
$937,410
Land market value
$1,282,200
Improvement market value
$2,812,230
Total market value
$4,094,430
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
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Total area
62,991 SF
Lot
4.61 ac (200,812 SF)
Zoning code
I
APN
02-12-201-018
UPID
US28-5813160
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
$6.6M
WAREHOUSE, STORAGE
Est. value
$6.6M
INDUSTRIAL (GENERAL) Current
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
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Lot
4.61 ac
Current owner
From public records · entity-resolved
Chicago Indl Portfolio Owner
Individual
Mailing address
8145 RIV DR STE #100, MORTON GROVE, IL 60053-2645
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2022
—
Chicago Industrial Portfolio Owner
—
Deed
related
$342,378,000 · Bank Of America NA
Jul 27, 2018
$4,407,600
Chicago Indl Portfolio Owner
Db Ci II LLC
Grant Deed
—
Jan 5, 2017
$2,407,500
Db Ci II LLC
Crp-2 Chicago Infill II LLC
Special Warranty Deed
$65,769,505 · Deutsche Bank National Trust Co
Sep 13, 2007
$4,497,500
Crp-2 Chicago Infill II LLC
Bryn Mawr Srg LLC
Grant Deed
—
—
—
Crp-2 Chicago Infill II LLC
—
Deed Of Trust
related
$41,000 · Jefferies Loancore
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
