New search
Property profile & analytics
OFF-MARKET
Estimated value
$33,305,000
Grocery and convenience stores
1900 Dempster St 10, Evanston, IL 60202-1061
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US28-2128950
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1997
Lot
16.33 ac (711,335 SF)
APN
10-24-108-038
UPID
US28-2128950
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
-
Baskin-Robbins Grocery & Convenience Store Specialty Food Shop
-
Dunkin' Cafe & Coffee Shop
-
Subway Take-out & Catering
-
Joseph Freed & Associates Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$33.31M
Owner & transaction history
Bi Evanston LLC · 5 yrs held
Bi Evanston LLC
since 2021
Last sale
$36.2M
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 Evanston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Evanston 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,302,131
Tax year 2022
Assessed value
$5,605,677
Assessed 2022
Previous assessed
$5,605,677
+0.0% YoY
Effective rate
23.23%
On assessed value
Assessed land
$2,667,176
Assessed improvement
$2,938,501
Land market value
$10,668,704
Improvement market value
$11,754,004
Total market value
$22,422,708
Applied tax rate
17,036.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1997
Heating
NONE
Lot
16.33 ac (711,335 SF)
APN
10-24-108-038
UPID
US28-2128950
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
1997
Heating
NONE
Lot
16.33 ac
Current owner
From public records · entity-resolved
Bi Evanston LLC
Entity
Mailing address
202 E SUNSET DR, ARLINGTON HEIGHTS, IL 60004-2555
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2021
$36,180,000
Bi Evanston LLC
Azzurri Of Evanston INC
Special Warranty Deed
$26,250,000 · Argentic Real Estate Finance LLC
Apr 26, 2018
—
Azzurri Of Evanston INC
—
Deed
related
$18,000,000 · Bmo Harris Bk NA
Apr 25, 2018
—
Azzurri Of Evanston INC
—
Grant Deed
related
$18,000,000 · Bmo Harris Bk NA
Jun 16, 2016
—
Azzurri Of Evanston INC
—
Deed
related
$3,642,439 · Sterling Bank
Sep 19, 2014
$16,000,000
Azzurri Of Evanston INC
Evanston Plaza Holdings LLC
Trustees Deed
related
$13,120,000 · Sterling Bk
Jan 6, 2012
$8,100,000
Evanston Plaza Holdings LLC
Evanston Plaza Shopping Ctr Sy
Grant Deed
related
—
Jul 14, 2011
—
Evanston Plz Shopping Ctr Synd
Bank Of America NA
Quit Claim Deed
related
—
Jun 8, 2006
—
Evanston Plaza LLC
—
Grant Deed
related
$115,000,000 · Lasalle National Bank
—
—
Evanston Plaza Holdings LLC
—
Deed Of Trust
related
$5,500,000 · Cole Taylor Bank
—
—
Azzurri Of Evanston INC
—
Loan Modification
related
$14,400,000 · Sterling Bk
—
—
Azzurri Of Evanston INC
—
Deed Of Trust
related
$18,000,000 · Bmo Harris Bk NA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1900 Dempster St, Unit 10?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
