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Property profile & analytics
OFF-MARKET
Estimated value
$5,095,000
Commercial real estate
185 Lk St, Bloomingdale, IL 60108-1171
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-1535484
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
25,400 SF
Lot
2.89 ac (125,888 SF)
Zoning code
C
APN
02-15-207-006
UPID
US28-1535484
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
$5.25M
CAP Approach
CAP
$6.60M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.10M
Owner & transaction history
185 Properties II LLC · 1 yrs held
185 Properties II LLC
since 2025
Last sale
$4.3M
5 recorded transactions
Zoning & alternative use
C · Bloomingdale, IL
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 Bloomingdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bloomingdale 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
$5,125,000
ML approach
$5,250,000
CAP Approach
CAP Return
Estimation
6%
$7,145,000
6.5%
$6,595,000
7%
$6,125,000
Blend value · Realmo final
$5.10M
Range $4.59M – $5.60M · ±10% · vs last sale $4.25M (Feb 24 2025)
Last sale anchor
$4.25M
Feb 24 2025
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
$201 / 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
$75,577
Tax year 2023
Assessed value
$1,004,730
Assessed 2023
Previous assessed
$1,031,660
-2.6% YoY
Effective rate
7.52%
On assessed value
Assessed land
$292,640
Assessed improvement
$712,090
Land market value
$877,920
Improvement market value
$2,136,270
Total market value
$3,014,190
Applied tax rate
2,242.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Total area
25,400 SF
Lot
2.89 ac (125,888 SF)
Zoning code
C
APN
02-15-207-006
UPID
US28-1535484
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Bloomingdale, IL
Zoning C · permitted uses
C · Bloomingdale, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bloomingdale. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Lot
2.89 ac
Current owner
From public records · entity-resolved
185 Properties II LLC
Entity
Mailing address
503 N MARION ST, OAK PARK, IL 60302-1629
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Feb 24, 2025
$4,250,000
185 Properties II LLC
185 Lake LLC
Warranty Deed
$3,187,500 · Byline Bank
Oct 20, 2017
—
185 Lake LLC
—
Grant Deed
related
$4,000,000 · Wintrust Bk
Apr 6, 2012
—
185 Lake LLC
Chicago Title Land Trust Company
Deed
$1,875,000 · The Northern Trust Co
Dec 5, 2003
—
Lasalle Bank NA Trustee
—
Deed Of Trust
related
$2,000,000 · Harris Bank Arlington Meadows
—
—
Lasalle Bank NA Trustee
—
Deed Of Trust
related
$700,000 · North Community 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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