Financial
Distress signals
Property profile

1621 W Colonial Pkwy Inverness, IL 60067

FOR SALE
Other office properties
Property ID
US28-0372270
9.19 ac lot Built 1989
Last sale Aug 2024 · $428,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A 6,060-square-foot office building constructed in 1983, configured across three levels with a mix of private rooms and shared work areas. The main floor includes reception space, three offices or workrooms, a conference room, kitchen, and two restrooms. The second floor contains four offices or workrooms, an additional conference room, lunchroom, and two restrooms. The lower level provides two rooms, a kitchen area, and two restrooms for supplementary workspace. The building includes central

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$19k
Tax billed · 2022
Assessed value$62k
Assessed land$36k
Assessed improvement$26k
Effective rate30.61%

Value estimate

· Sep 2026
$430k
$387k – $473k
AI approach$370k
NOI build-up
Gross scheduled income$148k
Vacancy & credit loss−$37k
Operating expenses−$28k
NOI · 17.97% cap applied$84k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$134/SF
County average, outlier-cleaned · 159 recorded sales of this use type
Observed band · Q1–Q3$51 – $273

Cap rate analysis

How does the asset earn?
17.97%
$84k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCOOK

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant23.6
Realty agency21.0
Auto Repair Shop19.9

Location

1621 W Colonial Pkwy Inverness, IL 60067
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file Zoning catalog · not on file

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 · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1623 Colonial Pkwy, Inverness, IL 60067 $485,000 Dec 2025 No data
1303 Algonquin, Palatine, IL 60067 $3,975,000 Apr 2025 No data
1606 Colonial, Inverness, IL 60067-4738 $302,500 Dec 2023 No data
1624 Colonial, Inverness, IL 60067-4769 $240,000 Jun 2023 No data
1602 Colonial, Inverness, IL 60067-1215 $348,000 Jan 2023 No data
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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