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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Retail space
1741 2nd St, Highland Park, IL 60035-3254
Entity Owned
18-yr Hold
Free & Clear
Property ID
US28-2119947
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2010
Construction
BRICK
Total area
4,068 SF
Lot
0.11 ac (5,001 SF)
APN
16-23-316-010
UPID
US28-2119947
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
-
@properties Highland Park Real Estate Agency
-
Sonia Cohen, Coldwell Banker Realty Real Estate Agency
-
Tami Leviton Realtor Real Estate Agency
-
Howard Mandel | Coldwell Banker Residential Brokerage Real Estate Agency
-
Michael Hope Real Estate Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$405k
CAP Approach
CAP
$640k
Comparable Approach
Comparable
$681k
Blend (final)
Blend
$535k
Owner & transaction history
Dimitriou 2nd St LLC · 18 yrs held
Dimitriou 2nd St LLC
since 2007
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$740,000
+42.7%
Auto repair, garage
$710,000
+37.4%
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 Highland Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Highland Park 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
$405,000
CAP Approach
CAP Return
Estimation
6%
$695,000
6.5%
$640,000
7%
$595,000
Alternative Use
Use
Estimation
RETAIL STORES
$515,000
Current use
COMMERCIAL (GENERAL)
$740,000
Change: +43% · Conversion: Easy
AUTO REPAIR, GARAGE
$710,000
Change: +37% · Conversion: Difficult
OFFICE BUILDING
$490,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$132 / 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
$23,895
Tax year 2023
Assessed value
$259,198
Assessed 2023
Previous assessed
$262,171
-1.1% YoY
Effective rate
9.22%
On assessed value
Assessed land
$97,090
Assessed improvement
$162,108
Land market value
$291,299
Improvement market value
$486,373
Total market value
$777,672
Applied tax rate
18,079.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2010
Construction
BRICK
Heating
NONE
Total area
4,068 SF
Lot
0.11 ac (5,001 SF)
APN
16-23-316-010
UPID
US28-2119947
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$515,000
COMMERCIAL (GENERAL)
Est. value
$740,000
AUTO REPAIR, GARAGE
Est. value
$710,000
OFFICE BUILDING
Est. value
$490,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2010
Construction
BRICK
Heating
NONE
Lot
0.11 ac
Current owner
From public records · entity-resolved
Dimitriou 2nd St LLC
Entity
Free & Clear · 18 yrs held
Mailing address
446 CENTRAL AVE, HIGHLAND PARK, IL 60035-2651
Ownership since
2007
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
May 12, 2020
—
Dimitriou Management LLC
—
Deed
related
$19,060,000 · First Bk/highland Park
Mar 10, 2009
—
Dimitriou 2nd St LLC
—
Deed Of Trust
related
$1,812,000 · First Midwest Bank
Oct 19, 2007
—
Dimitriou 2nd St LLC
Dimitriou,peter & Maria
Quit Claim Deed
related
—
Oct 13, 2005
$1,745,000
Peter Dimitriou
Trust 2599
Grant Deed
—
—
—
Dimitriou 2nd St LLC
—
Deed Of Trust
related
$21,708,000 · First Bk/highland Park
—
—
Dimitriou 2nd St LLC
—
Loan Modification
related
$3,836,793 · First Midwest Bk
—
—
Dimitriou Management LLC
—
Deed Of Trust
related
$500,000 · First Bk/highland Park
—
—
Dimitriou Management LLC
—
Loan Modification
related
$19,060,000 · First Bk/highland Park
—
—
Dimitriou 2nd St LLC
—
Deed Of Trust
related
$13,000,000 · First Midwest Bank
—
—
Dimitriou 2nd St LLC
—
Deed Of Trust
related
$17,958,345 · First Midwest Bank
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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