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Property profile & analytics
FOR LEASE
Industrial properties
1625 Gilpen Ave South Elgin, IL 60177-1213
Entity Owned
3-yr Hold
Free & Clear
Property ID
US28-5810489
For Lease
1 / 6
Contact for pricing
1625 Gilpen Ave, South Elgin, IL 60177-1213
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Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1973
Total area
4,800 SF
Lot
1.33 ac (57,935 SF)
APN
06-26-177-012
UPID
US28-5810489
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
-
Airstream Pressure Washing, Inc Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$405k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$425k
Owner & transaction history
Mgr Enterprise LLC · 3 yrs held
Mgr Enterprise LLC
since 2022
Last sale
$419,000
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 South Elgin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Elgin 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
$425,000
ML approach
$405,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$425k
Range $383k – $468k · ±10% · vs last sale $419k (Sep 28 2022)
Last sale anchor
$419k
Sep 28 2022
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
$89 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$11,963
Tax year 2022
Assessed value
$139,013
Assessed 2022
Previous assessed
$129,967
+7.0% YoY
Effective rate
8.61%
On assessed value
Assessed land
$61,053
Assessed improvement
$77,960
Land market value
$183,159
Improvement market value
$233,880
Total market value
$417,039
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
1973
Heating
NONE
Total area
4,800 SF
Lot
1.33 ac (57,935 SF)
APN
06-26-177-012
UPID
US28-5810489
Jurisdiction
KANE
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
1973
Heating
NONE
Lot
1.33 ac
Current owner
From public records · entity-resolved
Mgr Enterprise LLC
Entity
Free & Clear · 3 yrs held
Mailing address
38TH BARB HL DR, SAINT CHARLES, IL 60175-6634
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2025
—
Mgr Enterprise LLC
—
Deed
related
$400,000 · The American Commercial Bank & Trust
Sep 28, 2022
—
Mgr Enterprise LLC
Randy A Grillo
Quit Claim Deed
related
—
Apr 29, 2022
—
Randy A Grillo
—
Deed
related
$300,000 · Blackhawk Bank
Apr 2, 2020
—
Randy A Grillo
—
Deed
related
$375,000 · Blackhawk Bank
Nov 6, 2017
—
Randy A Grillo
—
Deed
related
$170,238 · Libertyville Bk
May 16, 2006
$419,000
Randy A Grillo
Fmk Partners
Warranty Deed
$417,000 · Libertyville Bank & Trust Co
May 16, 2006
—
Fmk Partners
Trust 0020
Grant Deed
—
—
—
Randy A Grillo
—
Loan Modification
related
—
—
—
Randy A Grillo
—
Loan Modification
related
—
—
—
Randy A Grillo
—
Loan Modification
related
$170,238 · Libertyville Bk
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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