Property profile

1602 Riverside Blvd Loves Park, IL 61111

OFF-MARKET
Other commercial real estate
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Property ID
US28-2912276
1,633 SF 1.16 ac Built 2010
Last sale May 2019·$1,675,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

A fee-simple, single-tenant Sonic Drive-In property configured for drive-in and drive-thru restaurant service, located on a signalized corner near the intersections of E. Riverside Boulevard with Forest Hills Road and N. Alpine Road. The site is positioned within a retail corridor with nearby national and credit tenants including Walmart, CVS Pharmacy, and Walgreens. The lease framework is structured on an NNN basis, with property responsibilities assigned to the tenant under the applicable…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$15k
Tax billed · 2023
Assessed value$163k
Assessed land$83k
Assessed improvement$80k
Effective rate9.03%

Value estimate

· Nov 2026
$250k
$225k – $275k
AI approach$250k

Realmo valuation models over county records and 9 qualifying comparable sales.

Recently sold

What actually traded nearby?
$80/SF
ZIP average, outlier-cleaned · 86 recorded sales of this use type
Observed band · Q1–Q3$40 – $138
Qualifying comparables9

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CR
The CR retail commercial district is established to accommodate a greater variety or retail goods and services than permitted in the CN d...
General categoryCOMMERCIAL
JurisdictionWINNEBAGO

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency33.7
Law Firm21.3
Restaurant21.2

Location

1602 Riverside Blvd Loves Park, IL 61111-4850
County assessor Recorded deeds · 3 transfers 9 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6802 Rock Vly, Loves Park, IL 61111-8620 $785,000 May 2025 3,319 SF
6601 2nd, Loves Park, IL 61111-3744 $215,000 Nov 2024 2,176 SF
1100 Riv, Loves Park, IL 61111-4716 $480,000 Nov 2024 2,240 SF
5013 2nd, Loves Park, IL 61111-5808 $200,000 Oct 2024 2,115 SF
712 Windsor, Loves Park, IL 61111-4153 $144,000 Aug 2024 1,080 SF
2127 Windsor, Loves Park, IL 61111-3964 $80,000 Jun 2024 2,720 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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