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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    183 1st St Elmhurst, IL 60126-2815

    • Medical offices
    • 1,200 SF
    • 0.04 lot acres
    OFF-MARKET
    Value Estimations
    $300,000
    Show details
    Cap Rate Potential
    5.5%
    Medical offices
    Location Intelligence
    Property ID
    US28-1312848
    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.

    Current Use by Public Records

    • Bushnell Foot Clinic / Podiatrist / Medical Clinic
    • William Bushnell / Podiatrist / Practitioner Service Location

    Property Details for 183 1st St

    Year built
    1984
    Lot size
    0.04 lot acres
    Property size
    1,200 SF
    Zone code
    C
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    06-02-219-020
    APU
    602219020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $285,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $265,000
      6.5%
      $245,000
      7%
      $225,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $380,000
      Market price range: $147k - $422k
      AI Estimate
      $179,000
      Market price range: $54.9k - $206k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $270,000
      Current use
      COMMERCIAL (GENERAL)
      $470,000
      Change: +73% Conversion: Easy
      AUTO REPAIR, GARAGE
      $425,000
      Change: +57% Conversion: Difficult
      RETAIL STORES
      $260,000
      Change: -4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Elmhurst
    County
    Dupage
    State
    Illinois
    Longitude
    -87.9439
    Latitude
    41.9003
    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
    2023
    $5,842
    $19,220
    $77,010
    $96,230
    -
    $57,660
    $231,030
    $288,690

    Comparable in this City

    • Value Estimation
      $375,000
      2,470 SF

      277 York St

      MEDICAL BUILDING • 2,470 SF
      277 York St, Elmhurst, IL 60126-2726
      View Details
    • Value Estimation
      $315,000
      1,440 SF

      481 Spg Rd

      MEDICAL BUILDING • 1,440 SF
      481 Spg Rd, Elmhurst, IL 60126-3857
      View Details
    • Value Estimation
      $345,000
      4,320 SF

      118 Vallette St

      MEDICAL BUILDING • 4,320 SF
      118 Vallette St, Elmhurst, IL 60126-4447
      View Details
    • Value Estimation
      $310,000
      4,015 SF

      501 York St

      MEDICAL BUILDING • 4,015 SF
      501 York St, Elmhurst, IL 60126-3966
      View Details
    • Value Estimation
      $12,435,000
      42,996 SF

      Roosevelt Rd

      MEDICAL BUILDING • 42,996 SF
      Roosevelt Rd, Elmhurst, IL 60126
      View Details
    • Value Estimation
      $950,000
      1,016,817 SF

      133 Brush Hl Rd

      MEDICAL BUILDING • 1,016,817 SF
      133 Brush Hl Rd, Elmhurst, IL 60126-5659
      View Details

    Similar Nearby for Sale

    • $3,100,000
      26,562 SF

      DuPage Medical Professional Office For Sale

      DuPage Medical Professional Office For Sale
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      View Details
    • $3,895,000
      26,562 SF

      Elmhurst Office Building - Value Add

      26,562 SF Office, 14 Suites, $3.895M
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    • $795,000
      2,291 SF

      Elmhurst Medical Office For Sale

      2,291 SF medical office building in desirable Elmhurst location.
      332 N York St, Elmhurst, IL 60126
      View Details
    • $800,000
      0.19 Acres

      Elmhurst Professional/Medical Office Space

      Improved office space in high-traffic, high-visibility Downtown Elmhurst.
      277 N York St, Elmhurst, IL 60126
      View Details
    • $745,000
      2,112 SF

      Elmhurst Office Building - Great Investment

      Prime Elmhurst location, high rental potential. Three-level office building.
      240 West Ave, Elmhurst, IL 60126
      View Details
    • $220,000
      2,200 SF

      Elmhurst Executive Office Condo

      Profitable 2,200 SF Office Suite
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    Similar Nearby for Lease

    • Contact for pricing
      80,871 SF

      Medical Office Space For Lease

      Medical office space adjacent to Endeavor Health Elmhurst Hospital.
      133 E Brush Hill Rd, Elmhurst, IL 60126
      View Details
    • $18 SF/Yr
      74,000 SF

      York Center Plaza: Elmhurst Retail Space

      74,000 SF Flex Space, I-290 Access
      559 York St, Elmhurst, IL 60126
      View Details
    • $12 SF/Yr
      26,562 SF

      Elmhurst Office Building For Lease

      Prime Elmhurst office space, flexible suites.
      533 North Ave, Elmhurst, IL 60126
      View Details
    • $25 SF/Yr
      3,600 SF

      Downtown Elmhurst Restaurant Space

      3,600 SF Restaurant, Prime Location
      110 Park Ave, Elmhurst, IL 60126
      View Details
    • $3 SF/Yr
      36,000 SF

      Elmhurst Office Space for Lease

      Prime Elmhurst Office, Multiple Suites Available
      110 Schiller St, Elmhurst, IL 60126
      View Details
    • Contact for pricing
      22,600 SF

      Elmhurst Office Building For Rent

      22,600 SF office building on 3.44 acres available for rent.
      505 W Grand Ave, Elmhurst, IL 60126
      View Details
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    183 1st St
    Elmhurst, IL 60126-2815
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    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
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