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Property profile & analytics
OFF-MARKET
Retail space
17620 Chicago Ave Lansing, IL 60438-1926
Entity Owned
2-yr Hold
Free & Clear
Property ID
US28-2171913
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Lot
0.7 ac (30,398 SF)
APN
30-30-406-028
UPID
US28-2171913
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
17620 S Chicago LLC · 2 yrs held
17620 S Chicago LLC
since 2024
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 Lansing submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lansing 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 2022Property tax & assessments
Tax year 2022
Tax billed
$45,494
Tax year 2022
Assessed value
$70,000
Assessed 2022
Previous assessed
$70,000
+0.0% YoY
Effective rate
64.99%
On assessed value
Assessed land
$53,196
Assessed improvement
$16,804
Land market value
$212,784
Improvement market value
$67,216
Total market value
$280,000
Applied tax rate
37,072.0000
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
2007
Heating
NONE
Stories
1
Lot
0.7 ac (30,398 SF)
APN
30-30-406-028
UPID
US28-2171913
Jurisdiction
COOK
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
2007
Heating
NONE
Stories
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
17620 S Chicago LLC
Entity
Free & Clear · 2 yrs held
Mailing address
450 W 55TH ST, COUNTRYSIDE, IL 60525-3537
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2024
—
17620 S Chicago LLC
Magnum Holding LLC
Special Warranty Deed
—
Oct 17, 2022
$650,000
Magnum Holding LLC
Pagx LLC
Warranty Deed
—
Jul 20, 2021
$370,000
Pabx LLC
Vabank LLC
Warranty Deed
—
May 9, 2018
$280,000
Vabank LLC
Zerbouh,samir
Grant Deed
$224,000 · Fifth Third Bk
Jan 5, 2016
$150,000
Samir Zerbouh
Chicago Acquisition Brokers Ll
Grant Deed
$129,000 · Private Individual
Nov 10, 2015
$65,000
Chicago Acquisition Brokers
Bayview Ln Svcg LLC
Grant Deed
—
Sep 9, 2015
—
Bayview Ln Svcg LLC
Intercounty Judicial Sales Cor
Grant Deed
related
—
Feb 21, 2007
$155,000
Timothy Niebergall
Trust 2040-590
Grant Deed
$206,250 · Interbay Funding LLC
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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