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Property profile

1701 Martin Luther King Jr Dr North Chicago, IL 60064

OFF-MARKET
Retail space
Property ID
US28-5663767
7,296 SF 0.37 ac lot Built 1950
Entity Owned 10-yr Hold ~ Est. High Equity

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1950
Construction BRICK
Total area 7,296 SF
Lot 0.37 ac (16,274 SF)
APN 12-05-403-005
UPID US28-5663767

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Cosmetic Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$974k
Blend (final) Blend
$760k

Owner & transaction history

since 2015
4 recorded transactions
2015
$270,000
2004
$725,000
2003
$70,000
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $1.2M +34.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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