Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    18215 Dixie Hwy Homewood, IL 60430
    Property profile & analytics

    18215 Dixie Hwy, Homewood, IL 60430

    View on Map
    • Retail space
    • 0.12 lot acres
    For Lease
    View Listing →
    Office Space for Lease For Lease
    Contact for pricing

    Office Space for Lease

    Office space available for rent in Homewood, zoned COMMR, suitable for a range of office-focused uses.

    18215 Dixie Highway, Homewood, IL 60430
    View Listing
    Property ID
    US28-5913309
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Care Cleaners / (Bike/Boat/Book/etc) Store

    Property Details for 18215 Dixie Hwy

    Year built
    1954
    Lot size
    0.12 lot acres
    Property type
    Retail space
    APN
    29-31-409-073
    APU
    2931409073

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 18, 2025 $105,000 Planning 4 Life INC Care Cleaners INC Warranty Deed $224k · Firstsecure Bank & Trust Co
    Apr 3, 2018 $150,000 Care Cleaners INC M Durkin INC Warranty Deed $144k · Grand Ridge Nat'l Bk
    May 15, 2003 $87,500 M Durkin INC Lebowitz,david Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Homewood
    County
    Cook
    State
    Illinois
    Longitude
    -87.665
    Latitude
    41.5587
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $20,118
    $8,708
    $28,792
    $37,500
    -
    $34,832
    $115,168
    $150,000

    Comparable in this City

    • Value Estimation by Request
      0.23 Acres

      1700 Rdg Rd

      RETAIL STORES (PERSONAL SERVICES)
      1700 Rdg Rd, Homewood, IL 60430-1833
      View Details
    • Value Estimation by Request

      820 175th St

      RETAIL STORES (PERSONAL SERVICES)
      820 175th St, Homewood, IL 60430
      View Details
    • Value Estimation by Request
      0.06 Acres

      18812 Ashland Ave

      RETAIL STORES (PERSONAL SERVICES)
      18812 Ashland Ave, Homewood, IL 60430-4011
      View Details
    • Value Estimation by Request
      0.04 Acres

      18115 Dixie Hwy

      RETAIL STORES (PERSONAL SERVICES)
      18115 Dixie Hwy, Homewood, IL 60430-2203
      View Details
    • Value Estimation by Request
      0.09 Acres

      17900 Dixie Hwy

      RETAIL STORES (PERSONAL SERVICES)
      17900 Dixie Hwy, Homewood, IL 60430-1754
      View Details
    • Value Estimation by Request
      0.29 Acres

      18741 Dixie Hwy

      RETAIL STORES (PERSONAL SERVICES)
      18741 Dixie Hwy, Homewood, IL 60430-3902
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,165 SF

      Retail Space with Guarantor

      Retail space for sale with 840+ unit guarantor.
      17505 S Halsted St, Homewood, IL 60430
      View Details
    • Contact for pricing
      4,925 SF

      Retail Outparcel in CherryCreek Center

      Three-tenant retail property within CherryCreek Shopping Center, Homewood, Illinois.
      18322 Governors Hwy, Homewood, IL 60430
      View Details
    • Contact for pricing
      4,278 SF

      Retail Space For Sale

      Retail space with expansion potential and shadow anchor tenants.
      17960 Halsted St, Homewood, IL 60430
      View Details
    • Contact for pricing
      7,019 SF

      17860 Halsted St, Homewood, IL 60430

      Strip malls
      17860 Halsted St, Homewood, IL 60430
      View Details
    • Contact for pricing

      Multi-Tenant Retail Center For Sale

      12,675 SF multi-tenant retail center in Homewood, Illinois.
      18320-18336 S Kedzie Ave, Homewood, IL 60430
      View Details
    • Contact for pricing
      7,500 SF

      Retail Strip Center For Sale

      7,500 SF retail strip center with 75% occupancy.
      17532 Dixie Hwy, Homewood, IL 60430
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,453 SF

      Retail Space Near Retail Corridor

      Retail space on busy Halsted Street near major retailers.
      17925 Halsted St, Homewood, IL 60430
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail property available for lease.
      17920 South Halsted St, Homewood, IL 60430
      View Details
    • Contact for pricing

      Retail Space in Homewood Center

      Retail suites available in high-traffic Homewood shopping center.
      17923 Halsted St, Homewood, IL 60430
      View Details
    • Contact for pricing
      186,032 SF

      Retail Center Near Future Casino

      18.94-acre shopping center with high visibility and accessibility.
      17550 South Halsted St, Homewood, IL 60430
      View Details
    • Contact for pricing

      Retail Space in Major Center

      Retail space available in a high-traffic power center.
      17920 S Halsted St, Homewood, IL 60430
      View Details
    • Contact for pricing
      26,222 SF

      Retail Space Near Jewel-Osco

      Retail space shadow-anchored by Jewel-Osco in Homewood, Illinois.
      3055 183Rd St, Homewood, IL 60430
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    18215 Dixie Hwy
    Homewood, IL 60430
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    18215 Dixie Hwy, Homewood, IL, 60430
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!