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Property profile & analytics
OFF-MARKET
Estimated value
$2,735,000
Retail space
1801 Warner Ave 15, Chicago, IL 60613-1891
Entity Owned
22-yr Hold
Free & Clear
Property ID
US28-2192789
Property summary
AI-generated overview
This exceptional Class B office building, located at 1801 W Warner Ave in Chicago's vibrant Cook County (zip code 60613), offers a unique opportunity for businesses seeking executive office space. The property boasts a total of 53,783 square feet, divided into four suites, providing flexibility for various tenant needs. Multiple tenancy options are available, with spaces ranging from a minimum of 3,780 square feet to a maximum contiguous space of 7,445 square feet. Currently, there are 21,667 square feet of vacant space ready for immediate occupancy. This presents a rare chance to secure a significant footprint in a well-established building. The building's location in Chicago offers excellent access to transportation networks and a thriving business community. The property is ideal for companies seeking a prestigious address and modern amenities within a convenient and accessible location. Serious inquiries are encouraged to explore the available spaces and tailor a solution to meet specific business requirements. Don't miss this opportunity to establish your business in this desirable Chicago location. Contact us today to schedule a viewing and discuss your leasing options.
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1931
Total area
71,700 SF
Lot
0.22 ac (9,375 SF)
APN
14-18-417-033
UPID
US28-2192789
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
-
Center for Autism and Related Disorders Social Service Agency Community Center
-
Benchmark Analytics (Bike/Boat/Book/etc) Store Corporate Office
-
Hannah Roen Physician Medical Clinic
-
Illinois Venture Capital Association Financial Advisor
-
KLDiscovery Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.91M
Blend (final)
Blend
$2.74M
Owner & transaction history
Ravenswood Warner Corp · 22 yrs held
Ravenswood Warner Corp
since 2003
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 Chicago submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chicago 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.74M
Range $2.46M – $3.01M · ±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
$38 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$75,298
Tax year 2022
Assessed value
$354,110
Assessed 2022
Previous assessed
$354,110
+0.0% YoY
Effective rate
21.26%
On assessed value
Assessed land
$117,187
Assessed improvement
$236,923
Land market value
$468,748
Improvement market value
$947,692
Total market value
$1,416,440
Applied tax rate
73,078.0000
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
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1931
Heating
NONE
Stories
3
Total area
71,700 SF
Lot
0.22 ac (9,375 SF)
APN
14-18-417-033
UPID
US28-2192789
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
1931
Heating
NONE
Stories
3
Lot
0.22 ac
Current owner
From public records · entity-resolved
Ravenswood Warner Corp
Entity
Free & Clear · 22 yrs held
Mailing address
PO BOX 2116, NORTHBROOK, IL 60065-2116
Ownership since
2003
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, 2019
—
Pleiades Properties LLC
—
Deed
related
$850,000 · Heartland Bk
Mar 20, 2017
—
Pleiades Properties LLC
—
Grant Deed
related
$16,360,000 · Heartland Bk
Sep 22, 2003
$2,150,000
Ravenswood Warner Corp
—
Grant Deed
related
—
—
—
Pleiades Properties LLC
—
Loan Modification
related
$850,000 · Heartland Bk
—
—
Pleiades Properties LLC
—
Deed Of Trust
related
$1,678,000 · Bank Of America
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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