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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Retail space
19150 Kedzie Ave Flossmoor, IL 60422
Entity Owned
9-yr Hold
Free & Clear
Property ID
US28-5674691
Property summary
AI-generated overview
This exceptional 805-square-foot office suite is located within the Illinois Fields complex at 19150 S. Kedzie Ave, Unit 200C, in Homewood, Illinois, zip code 60430. Situated on the second floor of a two-story building constructed in 1986, this space boasts a desirable end-unit location with convenient access via an on-site elevator. The suite features a reception area, a kitchenette, a private restroom, and ample closet space. The building offers 20,000 total square feet and is zoned B-4, catering to a variety of commercial uses including coworking, medical offices, and creative office spaces. Ceiling height is 9 feet. The property benefits from abundant on-site parking and provides 24-hour access for ultimate flexibility. Its strategic location offers easy access to major transportation arteries, including I-294, I-80, and a nearby Metra station. Note that personal care services are not permitted. This is a multi-tenant building. The property is professionally managed.
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1984
Total area
2,636 SF
Lot
2.52 ac (109,771 SF)
APN
31-11-207-038
UPID
US28-5674691
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
-
Herij Group Financial Advisor
-
Best Title Title Company
-
Rucker Willie J DDS Dental Office
-
Herij Credit Financial Advisor
-
Selinger Stanley S PHD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$450k
CAP Approach
CAP
$565k
Comparable Approach
Comparable
$713k
Blend (final)
Blend
$535k
Owner & transaction history
Illinois Fields LLC · 9 yrs held
Illinois Fields LLC
since 2017
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$580,000
+47.1%
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 Flossmoor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Flossmoor 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
by Request
ML approach
$450,000
CAP Approach
CAP Return
Estimation
6%
$610,000
6.5%
$565,000
7%
$525,000
Alternative Use
Use
Estimation
RETAIL STORES
$395,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$580,000
Change: +47% · Conversion: Moderate
OFFICE BUILDING
$350,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$535k
Range $482k – $589k · ±10%
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
$203 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$185,028
Tax year 2022
Assessed value
$343,999
Assessed 2022
Previous assessed
$343,999
+0.0% YoY
Effective rate
53.79%
On assessed value
Assessed land
$164,950
Assessed improvement
$179,049
Land market value
$659,800
Improvement market value
$716,196
Total market value
$1,375,996
Applied tax rate
32,055.0000
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
Retail space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1984
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Rooms
11
Bathrooms
3
Total area
2,636 SF
Lot
2.52 ac (109,771 SF)
APN
31-11-207-038
UPID
US28-5674691
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$395,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$580,000
OFFICE BUILDING
Est. value
$350,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
11
Bathrooms
3
Lot
2.52 ac
Current owner
From public records · entity-resolved
Illinois Fields LLC
Entity
Free & Clear · 9 yrs held
Mailing address
1263 S HIGHLAND AVE STE 2W, LOMBARD, IL 60148-4527
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2017
$665,000
Illinois Fields LLC
Next Step Holdings LLC
Warranty Deed
—
Dec 28, 2011
$300,000
Next Step Holdings LLC
Homewood Of Flossmoor Office Prop
Quit Claim Deed
related
—
May 27, 2005
$2,550,000
Montesano Capital Mgmt INC
Trust 6779
Grant Deed
related
$2,040,000 · Pullman Bank & Trust Co
—
—
South Holland Trust & Sav Ttee
—
Deed Of Trust
related
$1,625,000 · Heritage 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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