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Property profile & analytics
FOR LEASE
Banks
1603 Orrington Ave 600, Evanston, IL 60201
Entity Owned
8-yr Hold
Free & Clear
Property ID
US28-0037933
For Lease
1 / 11
$129-$23,913/Mo
1603 Orrington Ave,Unit 600, Evanston, IL 60201
View Listing →
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1971
Lot
0.56 ac (24,420 SF)
APN
11-18-306-032
UPID
US28-0037933
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
-
Industrial Opportunity Partners Corporate Office Financial Advisor
-
Chase Mortgage Loan Service Bank
-
Zipcar Freight Service Logistics Company
-
J. Blanton Plumbing, Sewer & Drain Plumbing Service General Contractor
-
Acquirent Business To Business Service Business Development Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Gregoco Orrington Owner LLC · 8 yrs held
Gregoco Orrington Owner LLC
since 2018
7 recorded transactions
Zoning & alternative use
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 Evanston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Evanston 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2022Property tax & assessments
Tax year 2022
Tax billed
$335,864
Tax year 2022
Assessed value
$1,422,795
Assessed 2022
Previous assessed
$1,504,387
-5.4% YoY
Effective rate
23.61%
On assessed value
Assessed land
$122,100
Assessed improvement
$1,300,695
Land market value
$488,400
Improvement market value
$5,202,780
Total market value
$5,691,180
Applied tax rate
17,062.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
For Lease
Year built
1971
Heating
NONE
Lot
0.56 ac (24,420 SF)
APN
11-18-306-032
UPID
US28-0037933
Jurisdiction
COOK
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1971
Heating
NONE
Lot
0.56 ac
Current owner
From public records · entity-resolved
Gregoco Orrington Owner LLC
Entity
Free & Clear · 8 yrs held
Mailing address
625 N MICHIGAN AVE STE #2000, CHICAGO, IL 60611-3179
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2018
$91,300,000
Gregoco Orrington Owner LLC
Orrington Ll LLC
Grant Deed
related
—
Jun 5, 2018
—
Gre-goco Orrington Owner LLC
—
Grant Deed
related
$60,300,000 · Pnc Bk
Oct 4, 2013
$61,500,000
Orrington Ll LLC
Lr 1603 Orrington LLC
Grant Deed
related
$42,475,000 · Bmo Harris Bk NA
Apr 9, 2010
—
Lr 1603 Orrington LLC
—
Deed Of Trust
related
$40,770,000 · Bank Of America
Sep 29, 2006
$31,083,673
Lr 1603 Orrington LLC
Cfri Of Golub Evanston LLC
Grant Deed
—
Dec 20, 1999
$3,665,000
Evanston Associates LLC
American Nat'l Bk&tr Chgo Ttee
Grant Deed
$25,700,000 · Bank One Illinois NA
Dec 15, 1999
—
American Natl Bk&trt Chgo Ttee
1603 Venture Co LLC
Grant Deed
related
—
—
—
Orrington Ll LLC
—
Loan Modification
related
$45,422 · Bmo Harris Bk NA
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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