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Property profile & analytics
OFF-MARKET
Auto shops
1701 Lewis Ave, Zion, IL 60099-1539
Individually Owned
1-yr Hold
Free & Clear
Property ID
US28-1099265
Property summary
AI-generated overview
This exceptional special-purpose property at 1701 Lewis Avenue in Zion, Illinois, presents a fantastic investment opportunity. Priced at $450,000, this 22,329 square foot lot houses a building ideally suited for an automotive shop or car dealership. The building has undergone a complete renovation, boasting fresh paint, new flooring, a new roof, and new windows throughout. Two bathrooms have been totally remodeled to a high standard. Ample parking is available, accommodating approximately 15 vehicles. The property's location in Zion, Lake County (zip code 60099), is highly desirable and offers excellent visibility and accessibility. This turnkey operation requires no further investment
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1961
Construction
STEEL FRAME
Total area
1,444 SF
Lot
0.51 ac (22,329 SF)
APN
04-17-401-001
UPID
US28-1099265
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Zapata Ruiz Farnaby · 1 yrs held
Zapata Ruiz Farnaby
since 2025
Last sale
$152,500
5 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 Zion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Zion 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 2023Property tax & assessments
Tax year 2023
Tax billed
$8,980
Tax year 2023
Assessed value
$63,489
Assessed 2023
Previous assessed
$62,618
+1.4% YoY
Effective rate
14.14%
On assessed value
Assessed land
$30,183
Assessed improvement
$33,306
Land market value
$90,558
Improvement market value
$99,928
Total market value
$190,486
Applied tax rate
2,037.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1961
Construction
STEEL FRAME
Heating
NONE
Total area
1,444 SF
Lot
0.51 ac (22,329 SF)
APN
04-17-401-001
UPID
US28-1099265
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
Building & site characteristics
From public records
Year built
1961
Construction
STEEL FRAME
Heating
NONE
Lot
0.51 ac
Current owner
From public records · entity-resolved
Zapata Ruiz Farnaby
Individual
Free & Clear · 1 yrs held
Mailing address
1701 LEWIS AVE, ZION, IL 60099-1539
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2025
—
Zapata Ruiz Farnaby
Marlow Arenas
Quitclaim Deed
related
—
Aug 4, 2022
$152,500
Farnaby Zapata
Huynh Lee Hong
Warranty Deed
—
Sep 9, 2015
—
Hong H Lee
Le Viet,q
Quit Claim Deed
related
—
Apr 9, 2007
—
Viet Q Le
Le An,h & Hong H
Quit Claim Deed
—
Jul 29, 2003
—
An Hoang Le
Huynh,hai
Quit Claim Deed
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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