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Property profile & analytics
OFF-MARKET
Estimated value
$1,845,000
Turn key restaurants
1874 Belvidere Rd, Grayslake, IL 60030-2289
Entity Owned
2-yr Hold
Free & Clear
Property ID
US28-1137034
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1999
Construction
BRICK
Total area
2,844 SF
Lot
0.36 ac (15,486 SF)
APN
07-31-108-016
UPID
US28-1137034
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
$2.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.65M
Blend (final)
Blend
$1.85M
Owner & transaction history
Miracle Restaurent Group LLC · 2 yrs held
Miracle Restaurent Group LLC
since 2023
Last sale
$1.8M
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 Grayslake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grayslake 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
$2,030,000
ML approach
$2,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.85M
Range $1.66M – $2.03M · ±10% · vs last sale $1.78M (Feb 18 2021)
Last sale anchor
$1.78M
Feb 18 2021
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
$649 / 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
$23,480
Tax year 2023
Assessed value
$211,433
Assessed 2023
Previous assessed
$212,430
-0.5% YoY
Effective rate
11.11%
On assessed value
Assessed land
$64,221
Assessed improvement
$147,212
Land market value
$192,682
Improvement market value
$441,680
Total market value
$634,362
Applied tax rate
8,062.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1999
Construction
BRICK
Heating
NONE
Total area
2,844 SF
Lot
0.36 ac (15,486 SF)
APN
07-31-108-016
UPID
US28-1137034
Jurisdiction
LAKE
Metro division
LAKE COUNTY-KENOSHA COUNTY, IL-WI 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
1999
Construction
BRICK
Heating
NONE
Lot
0.36 ac
Current owner
From public records · entity-resolved
Miracle Restaurent Group LLC
Entity
Free & Clear · 2 yrs held
Mailing address
8901 OLEANDER AVE, MORTON GROVE, IL 60053-1921
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2023
—
Miracle Restaurent Group LLC
Nicholas Ventures LP
Re-recorded Document
related
—
Feb 18, 2021
$1,781,000
Nicholas Ventures LP
Millco Grayslake LLC
Special Warranty Deed
$1,024,000 · Inland Bank & Trust
Jan 23, 2020
$1,320,000
Millco Grayslake LLC
Micromont Holdings 4 LLC
Special Warranty Deed
$1,368,500 · Midland States Bank
Jan 29, 2016
$1,165,000
Micromont Holdings 4 LLC
Caldwell Cafe INC
Grant Deed
—
Sep 19, 2005
$1,527,000
The Caldwell Cafe INC
1874 E Belvidere LLC
Special Warranty Deed
$927,000 · Harris NA
Sep 7, 2005
$1,234,500
Miracle Restaurant Group LLC
Chi-co INC
Quit Claim Deed
—
Nov 17, 1998
$354,000
Chi Co INC
Bank Of Waukegan Ttee
Grant Deed
$829,000 · Captec Financial Group INC
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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