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Property profile & analytics
FOR LEASE
Commercial land
1935 N Neltnor Blvd West Chicago, IL 60185
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US28-1059972
For Lease
1 / 6
Contact for pricing
1935 N Neltnor Blvd, West Chicago, IL 60185
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.85 ac (37,026 SF)
Zoning code
C
APN
01-28-403-027
UPID
US28-1059972
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
-
Amazon Locker - Endurance Postal Service Courier Service
-
Old Time Pottery Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mosaic Crossing Tei Equities LLC
Mosaic Crossing Tei Equities LLC
since 2026
7 recorded transactions
Zoning & alternative use
C · West Chicago, 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 West Chicago submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Chicago 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 2023Property tax & assessments
Tax year 2023
Tax billed
$3,943
Tax year 2023
Assessed value
$42,800
Assessed 2023
Previous assessed
$40,760
+5.0% YoY
Effective rate
9.21%
On assessed value
Assessed land
$42,800
Land market value
$128,400
Total market value
$128,400
Applied tax rate
1,175.0000
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 land
Use group
VACANT COMMERCIAL LAND
Status
For Lease
Heating
NONE
Lot
0.85 ac (37,026 SF)
Zoning code
C
APN
01-28-403-027
UPID
US28-1059972
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · West Chicago, IL
Zoning C · permitted uses
C · West Chicago, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Chicago. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.85 ac
Current owner
From public records · entity-resolved
Mosaic Crossing Tei Equities LLC
Entity
Mailing address
555 SKOKIE BLVD STE #204, NORTHBROOK, IL 60062-2833
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2026
$13,700,000
Mosaic Crossing Tei Equities LLC
West Chicago Jules LLC
Special Warranty Deed
—
Aug 22, 2022
$4,158,000
Alpine Income Property Op LP
Irc Mosaic Crossing LLC
Special Warranty Deed
—
Sep 29, 2016
—
Irc Mosaic Crossing LLC
Irc Illinois LLC
Quitclaim Deed
related
$40,000,000 · Keybank USA
Oct 31, 2011
—
West Chicago Jules LLC
—
Deed Of Trust
related
$7,520,000 · Cole Taylor Bank
Nov 14, 2005
—
Rk West Chicago LLC
Rubloff Dev Group INC
Quit Claim Deed
related
—
Nov 14, 2005
$4,800,000
West Chicago Jules LLC
Rk West Chicago LLC
Trustees Deed
related
$4,550,000 · Lasalle National Bank
—
—
West Chicago Jules LLC
—
Loan Modification
related
$6,581,000 · Mb Fin'l Bk
—
—
Rubloff Development Group INC
—
Deed Of Trust
related
$815,000 · Hinsdale Bank & Trust Co
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?”
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