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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Retail space
1611 Main St Antioch, IL 60002-1902
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US28-2563703
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1987
Construction
FRAME
Total area
4,200 SF
Lot
2.2 ac (95,832 SF)
APN
02-17-400-032
UPID
US28-2563703
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$405k
CAP Approach
CAP
$660k
Comparable Approach
Comparable
$555k
Blend (final)
Blend
$520k
Owner & transaction history
Tlt Financial LLC · 9 yrs held
Tlt Financial LLC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$760,000
+103.9%
Auto repair, garage
$735,000
+96.4%
Office building
$510,000
+36.0%
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 Antioch submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Antioch 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
$405,000
CAP Approach
CAP Return
Estimation
6%
$715,000
6.5%
$660,000
7%
$615,000
Alternative Use
Use
Estimation
RETAIL STORES
$375,000
Current use
COMMERCIAL (GENERAL)
$760,000
Change: +104% · Conversion: Easy
AUTO REPAIR, GARAGE
$735,000
Change: +96% · Conversion: Difficult
OFFICE BUILDING
$510,000
Change: +36% · Conversion: Easy
WAREHOUSE, STORAGE
$355,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$124 / 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
$22,246
Tax year 2023
Assessed value
$184,680
Assessed 2023
Previous assessed
$208,586
-11.5% YoY
Effective rate
12.05%
On assessed value
Assessed land
$15,039
Assessed improvement
$169,641
Land market value
$45,122
Improvement market value
$508,974
Total market value
$554,096
Applied tax rate
4,043.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1987
Construction
FRAME
Heating
NONE
Buildings
4
Total area
4,200 SF
Lot
2.2 ac (95,832 SF)
APN
02-17-400-032
UPID
US28-2563703
Jurisdiction
LAKE
Metro division
LAKE COUNTY-KENOSHA COUNTY, IL-WI 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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$375,000
COMMERCIAL (GENERAL)
Est. value
$760,000
AUTO REPAIR, GARAGE
Est. value
$735,000
OFFICE BUILDING
Est. value
$510,000
WAREHOUSE, STORAGE
Est. value
$355,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1987
Construction
FRAME
Heating
NONE
Buildings
4
Lot
2.2 ac
Current owner
From public records · entity-resolved
Tlt Financial LLC
Entity
Mailing address
PO BOX 616, ANTIOCH, IL 60002-0616
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2023
—
Tlt Financial LLC
—
Deed
related
$180,000 · State Bank Of The Lakes
Mar 13, 2020
—
Tlt Financial-959 Main
—
Deed
related
$884,760 · State Bk/lakes
Dec 8, 2016
—
Tlt Financial LLC
Tlt Leasing INC
Quit Claim Deed
related
—
May 26, 2016
—
Tlt Leasing INC
—
Deed
related
$208,111 · State Bk/lakes
Mar 3, 2015
$425,000
Tlt Leasing INC
Hawkins Robert D & Patricia A
Warranty Deed
$195,000 · State Bk/lakes
Oct 15, 2012
—
Ld Acquisition Co 9 LLC
—
Deed Of Trust
related
$45,000,000 · Bank Of America
Feb 3, 2010
—
Robert D Hawkins
—
Trustees Deed
related
$48,000 · State Bank Of The Lakes
—
—
Robert D Hawkins
—
Deed Of Trust
related
—
—
—
Robert D Hawkins
—
Deed Of Trust
related
$155,000 · State Bank Of The Lakes
—
—
Robert D Hawkins
—
Deed Of Trust
related
$35,000 · State Bank Of The Lakes
—
—
Tlt Leasing INC
—
Deed Of Trust
related
$208,111 · State Bk/lakes
—
—
Robert D Hawkins
—
Deed Of Trust
related
$270,000 · State Bank Of The Lakes
—
—
Tlt Financial-959 Main
—
Deed Of Trust
related
$884,760 · State Bk/lakes
—
—
Robert D Hawkins
—
Deed Of Trust
related
—
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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