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Property profile & analytics
FOR LEASE
Commercial real estate
2055 W Army Trail Rd, Addison, IL 60101
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US28-1547308
For Lease
1 / 2
$11,750,000
2055 W Army Trail Rd, Addison, IL 60101
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
116,406 SF
Lot
8.98 ac (391,169 SF)
Zoning code
C
APN
02-25-203-021
UPID
US28-1547308
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
-
EFI Global Engineering Consultant
-
YWCA Charitable Organization Advocacy Group
-
New Line Behavior Solutions Medical Clinic
-
Leaf Home Water Solutions Home Appliance Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.75M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.75M
Blend (final)
Blend
$11.75M
Owner & transaction history
Chiware Associates LLC
Chiware Associates LLC
since 2026
Last sale
$11.8M
7 recorded transactions
Zoning & alternative use
C · Addison, 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 Addison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Addison 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
$11,750,000
ML approach
$11,750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.75M
Range $10.58M – $12.93M · ±10% · vs last sale $11.75M (Dec 17 2024)
Last sale anchor
$11.75M
Dec 17 2024
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
$101 / 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
$280,333
Tax year 2023
Assessed value
$2,833,330
Assessed 2023
Previous assessed
$2,833,330
+0.0% YoY
Effective rate
9.89%
On assessed value
Assessed land
$1,006,680
Assessed improvement
$1,826,650
Land market value
$3,020,040
Improvement market value
$5,479,950
Total market value
$8,499,990
Applied tax rate
2,056.0000
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 real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Total area
116,406 SF
Lot
8.98 ac (391,169 SF)
Zoning code
C
APN
02-25-203-021
UPID
US28-1547308
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Addison, IL
Zoning C · permitted uses
C · Addison, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Addison. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Lot
8.98 ac
Current owner
From public records · entity-resolved
Chiware Associates LLC
Entity
Mailing address
121 W WACKER DR STE #1220, CHICAGO, IL 60601-1781
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2026
$15,950,000
Chiware Associates LLC
Icp Chp 2055 Army Trail LLC
Special Warranty Deed
$8,700,000 · Jpmorgan Chase Bank NA
Dec 17, 2024
$11,750,000
Icp Chp 2055 Army Trail LLC
Centerwest Spe LLC
Special Warranty Deed
$8,300,000 · First Financial Bank
Jan 15, 2021
$8,500,000
Centerwest Spe LLC
Jsq Centerwest LLC
Grant Deed
$8,400,000 · Employees' Retirement Plan/con
Feb 25, 2019
—
Jsq Centerwest LLC
—
Deed
related
$5,900,000 · Wheaton Bk&tr
Sep 26, 2018
—
Jsq Centerwest LLC
—
Deed
related
$6,800,000 · Huntington Nat'l Bk
Jun 20, 2018
—
Jsq Centerwest LLC
—
Deed
related
$6,800,000 · Huntington Nat'l Bk
Mar 27, 2018
—
Jsq Centerwest LLC
—
Loan Modification
related
$6,800,000 · Huntington Nat'l Bk/wv
Mar 6, 2013
$9,750,000
Jsq Centerwest LLC
Norcor Centerwest Associates LLC
Special Warranty Deed
$6,800,000 · Firstmerit Bank NA
—
—
Jsq Centerwest LLC
—
Deed Of Trust
related
$5,900,000 · Wheaton Bk&tr
—
—
Norcor Centerwest Associates L
—
Deed Of Trust
related
$8,250,000 · Allstate Life Insurance Co
—
—
Norcor Centerwest Assocs LLC
—
Deed Of Trust
related
$8,750,000 · Allstate Life Insurance Co
—
—
Jsq Centerwest LLC
—
Loan Modification
related
$6,800,000 · Huntington Nat'l Bk
—
—
Jsq Centerwest LLC
—
Loan Modification
related
$6,800,000 · Huntington Nat'l Bk
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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