Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    205 Addison Ave Elmhurst, IL 60126-2720

    • Banks
    • 3,000 SF
    • 0.61 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-3437425
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bank of America Home Mortgage / Loan Service / Bank
    • Bank of America ATM (Drive-thru) / Atm
    • Bank of America (with Drive-thru ATM) / Bank / Loan Service

    Property Details for 205 Addison Ave

    Year built
    1976
    Lot size
    0.61 lot acres
    Property size
    3,000 SF
    Property type
    Banks
    APN
    06-02-214-032
    APU
    602214032

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Elmhurst
    County
    Dupage
    State
    Illinois
    Longitude
    -87.9411
    Latitude
    41.9037
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $20,629
    $256,570
    $10,000
    $266,570
    -
    $769,710
    $30,000
    $799,710

    Comparable in this City

    • Value Estimation by Request
      4,186 SF

      534 Saint Charles Rd

      FINANCIAL BUILDING • 4,186 SF
      534 Saint Charles Rd, Elmhurst, IL 60126-3038
      View Details
    • Value Estimation by Request
      3,669 SF

      111 3rd St

      FINANCIAL BUILDING • 3,669 SF
      111 3rd St, Elmhurst, IL 60126-2798
      View Details
    • Value Estimation
      $1,380,000
      4,363 SF

      130 Park Ave

      FINANCIAL BUILDING • 4,363 SF
      130 Park Ave, Elmhurst, IL 60126-3322
      View Details
    • Value Estimation by Request
      0.10 Acres

      136 York St

      FINANCIAL BUILDING • 0.10 Acres
      136 York St, Elmhurst, IL 60126-2806
      View Details
    • Value Estimation
      $860,000
      21,560 SF

      536 York St

      FINANCIAL BUILDING • 21,560 SF
      536 York St, Elmhurst, IL 60126-3952
      View Details
    • Value Estimation by Request
      8,000 SF

      163 York St

      FINANCIAL BUILDING • 8,000 SF
      163 York St, Elmhurst, IL 60126-2814
      View Details

    Similar Nearby for Sale

    • $2,800,000
      6,653 SF

      Elmhurst Brewpub: Turnkey Opportunity

      Award-winning brewpub, fully renovated, prime location.
      171 Addison Ave, Elmhurst, IL 60126
      View Details
    • Contact for pricing
      2,640 SF

      Elmhurst Restaurant Property For Sale

      Restaurant property with drive-through and long-term lease in place.
      872 N York St, Elmhurst, IL 60126
      View Details
    • $3,100,000
      26,562 SF

      DuPage Medical Professional Office For Sale

      DuPage Medical Professional Office For Sale
      533 W. North Avenue, Elmhurst, IL 60126
      View Details
    • Contact for pricing

      Elmhurst Flex Space Available

      Flex space near I-290 and York Road interchange.
      851-853 Industrial Dr, Elmhurst, IL 60126
      View Details
    • $3,100,000

      Elmhurst Professional Office Building

      26,562 SF office building with 14 executive suites.
      533 W North Ave, Elmhurst, IL 60126
      View Details
    • $220,000
      2,200 SF

      Elmhurst Executive Office Condo

      Profitable 2,200 SF Office Suite
      340 Butterfield Rd, Elmhurst, IL 60126
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
      26,998 SF

      Elmhurst Retail Space Available

      Prime Elmhurst location, 8,318 SF available
      623 North Ave, Elmhurst, IL 60126
      View Details
    • $21 SF/Yr

      Elmhurst Retail or Office Space

      In-line space with excellent visibility and easy access.
      418 N York St, Elmhurst, IL 60126
      View Details
    • $13 SF/Yr

      Retail Space on York Road

      In-line retail space with excellent visibility on York Road.
      420 N York St, Elmhurst, IL 60126
      View Details
    • $20 SF/Yr
      35,149 SF

      Elmhurst Commercial Space For Rent

      Highly visible space in busy Elmhurst strip center.
      422 N York Rd, Elmhurst, IL 60126
      View Details
    • $18 SF/Yr
      74,000 SF

      York Center Plaza: Elmhurst Retail Space

      74,000 SF Flex Space, I-290 Access
      559 York St, Elmhurst, IL 60126
      View Details
    • Contact for pricing
      11,761 SF

      Versatile Commercial Building in Elmhurst

      Elmhurst commercial building near the Central Business District.
      351 N York Rd, Elmhurst, IL 60126
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    205 Addison Ave
    Elmhurst, IL 60126-2720
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!