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Property profile & analytics
FOR LEASE
Office buildings
2201 Waukegan Rd, Bannockburn, IL 60015
Entity Owned
Absentee Owner
Free & Clear
Property ID
US28-5913873
For Lease
1 / 2
Contact for pricing
2201 Waukegan Rd, Bannockburn, IL 60015
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Construction
BRICK
Total area
996 SF
Lot
9.39 ac (409,028 SF)
APN
16-20-200-036
UPID
US28-5913873
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
-
Robertson Lowstuter, Inc. Business Management Consultant
-
EMC Capital Management Inc Financial Advisor
-
Decision Design (Bike/Boat/Book/etc) Store Corporate Office
-
DocketTrak Consultant
-
Heart Light Psychological Services Physician Medical Clinic
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
Iag Holdings 2201 LLC
Iag Holdings 2201 LLC
since 2025
Last sale
$500,000
3 recorded transactions
Zoning & alternative use
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 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
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
$213,526
Tax year 2023
Assessed value
$3,071,989
Assessed 2023
Previous assessed
$2,862,278
+7.3% YoY
Effective rate
6.95%
On assessed value
Assessed land
$1,518,672
Assessed improvement
$1,553,317
Land market value
$4,556,472
Improvement market value
$4,660,417
Total market value
$9,216,889
Applied tax rate
17,039.0000
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
For Lease
Year built
1989
Construction
BRICK
Heating
NONE
Total area
996 SF
Lot
9.39 ac (409,028 SF)
APN
16-20-200-036
UPID
US28-5913873
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
Building & site characteristics
From public records
Year built
1989
Construction
BRICK
Heating
NONE
Lot
9.39 ac
Current owner
From public records · entity-resolved
Iag Holdings 2201 LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2333 WAUKEGAN RD STE #230, BANNOCKBURN, IL 60015-1596
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Aug 18, 2025
$500,000
Iag Holdings 2201 LLC
Wsc Gsp B L Office Park Owner Vii L
Special Warranty Deed
—
Jan 22, 2014
—
Redus One LLC
Sheriff Of Lake County
Trustees Deed
related
—
Jul 26, 2007
$16,961,867
Lake Ofc Plaza Ass Bannockburn
Carr Carp Properties LLC
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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