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Property profile & analytics
OFF-MARKET
Estimated value
$1,695,000
Commercial real estate
171 Irving Park Rd, Wood Dale, IL 60191-2023
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US28-3047733
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,538 SF
Lot
0.96 ac (41,818 SF)
Zoning code
C
APN
03-15-102-020
UPID
US28-3047733
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
-
Wood Dale Bank & Trust Bank Loan Service
-
Wintrust Mortgage Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.96M
Comparable Approach
Comparable
$1.84M
Blend (final)
Blend
$1.70M
Owner & transaction history
People Of State & Il Department & Tra · 11 yrs held
People Of State & Il Department & Tra
since 2014
6 recorded transactions
Zoning & alternative use
C · Wood Dale, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.7M
+92.8%
Restaurant
$2.3M
+69.4%
Medical building
$1.7M
+22.7%
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 Wood Dale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wood Dale 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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,120,000
6.5%
$1,955,000
7%
$1,815,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,385,000
Current use
AUTO REPAIR, GARAGE
$2,665,000
Change: +93% · Conversion: Difficult
RESTAURANT
$2,345,000
Change: +69% · Conversion: Difficult
MEDICAL BUILDING
$1,700,000
Change: +23% · Conversion: Easy
RETAIL STORES
$1,625,000
Change: +17% · Conversion: Easy
OFFICE BUILDING
$1,350,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$1.70M
Range $1.53M – $1.86M · ±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
$225 / 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
$35,485
Tax year 2023
Assessed value
$481,470
Assessed 2023
Previous assessed
$449,970
+7.0% YoY
Effective rate
7.37%
On assessed value
Assessed land
$225,350
Assessed improvement
$256,120
Land market value
$676,050
Improvement market value
$768,360
Total market value
$1,444,410
Applied tax rate
3,044.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Total area
7,538 SF
Lot
0.96 ac (41,818 SF)
Zoning code
C
APN
03-15-102-020
UPID
US28-3047733
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Wood Dale, IL
Zoning C · permitted uses
C · Wood Dale, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wood Dale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$2.7M
RESTAURANT
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$1.7M
RETAIL STORES
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.4M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
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
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Lot
0.96 ac
Current owner
From public records · entity-resolved
People Of State & Il Department & Tra
Entity
Free & Clear · 11 yrs held
Mailing address
9700 W HIGGINS RD STE #750, ROSEMONT, IL 60018-4742
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2014
$13,000
People Of State & Il Department & Tra
Schaumburg Bk & Trust Co NA
Grant Deed
—
Nov 28, 2011
—
Schaumburg Bank & Trust Co NA
Bank Of Commerce
Quit Claim Deed
related
—
Apr 19, 2005
$3,487,000
Bank Of Commerce
Mmb LLC
Warranty Deed
—
Jan 13, 2004
$960,000
Mmb LLC
Downers Grove National Bk Ttee
Grant Deed
$2,200,000 · Mb Financial Bank NA
—
—
Downers Grove Nat'l Bank Ttee
—
Deed Of Trust
related
$544,000 · Suburban Bank & Trust Co
—
—
Downers Grove Nat'l Bank Ttee
—
Deed Of Trust
related
$544,000 · Suburban Bank & Trust Co
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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