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Property profile & analytics
OFF-MARKET
Estimated value
$4,505,000
Office buildings
2201 Lakeside Dr Bannockburn, IL 60015-1265
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US28-1604740
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Construction
BRICK
Total area
20,284 SF
Lot
4.74 ac (206,605 SF)
APN
16-18-300-037
UPID
US28-1604740
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
-
Peaceful Mind Therapy, PLLC Physician Medical Clinic
-
Inner Warrior LLC Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.84M
CAP Approach
CAP
$4.59M
Comparable Approach
Comparable
$3.92M
Blend (final)
Blend
$4.51M
Owner & transaction history
Bannockburn Oc LLC · 6 yrs held
Bannockburn Oc LLC
since 2020
Last sale
$3.7M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.7M
+49.9%
Auto repair, garage
$3.5M
+44.4%
Restaurant
$3.5M
+41.0%
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 Bannockburn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bannockburn 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
$4,875,000
ML approach
$4,835,000
CAP Approach
CAP Return
Estimation
6%
$4,970,000
6.5%
$4,590,000
7%
$4,260,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,680,000
Change: +50% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,545,000
Change: +44% · Conversion: Difficult
RESTAURANT
$3,460,000
Change: +41% · Conversion: Moderate
Blend value · Realmo final
$4.51M
Range $4.05M – $4.96M · ±10% · vs last sale $3.72M (Feb 18 2020)
Last sale anchor
$3.72M
Feb 18 2020
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
$222 / 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
$95,736
Tax year 2023
Assessed value
$1,271,936
Assessed 2023
Previous assessed
$1,285,480
-1.1% YoY
Effective rate
7.53%
On assessed value
Assessed land
$767,051
Assessed improvement
$504,885
Land market value
$2,301,383
Improvement market value
$1,514,806
Total market value
$3,816,189
Applied tax rate
17,084.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1981
Construction
BRICK
Heating
NONE
Buildings
2
Total area
20,284 SF
Lot
4.74 ac (206,605 SF)
APN
16-18-300-037
UPID
US28-1604740
Jurisdiction
LAKE
Metro division
LAKE COUNTY-KENOSHA COUNTY, IL-WI 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
COMMERCIAL (GENERAL)
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$3.5M
RESTAURANT
Est. value
$3.5M
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
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
1981
Construction
BRICK
Heating
NONE
Buildings
2
Lot
4.74 ac
Current owner
From public records · entity-resolved
Bannockburn Oc LLC
Entity
Mailing address
2720 DUNDEE RD, NORTHBROOK, IL 60062-2609
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2020
$3,720,000
Bannockburn Oc LLC
North Shore Opco LLC
Grant Deed
$2,940,000 · Wheaton Bk&tr
May 22, 2015
$3,020,000
North Shore Opco LLC
Bannockburn Office Court LLC
Special Warranty Deed
—
Jun 22, 2005
—
Bannockburn Office Court LLC
Trust 10-35039-09
Grant Deed
$1,600,000 · Sun Life Assurance 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.
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