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Property profile & analytics
OFF-MARKET
Estimated value
$4,675,000
Retail space
2202 Main St Carol Stream, IL 60188-2410
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-2704668
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Construction
MIXED
Total area
13,713 SF
Lot
1.34 ac (58,370 SF)
Zoning code
C
APN
05-04-304-072
UPID
US28-2704668
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.51M
CAP Approach
CAP
$2.93M
Comparable Approach
Comparable
$4.88M
Blend (final)
Blend
$4.68M
Owner & transaction history
Metropolitan Investment Group Of Ro · 6 yrs held
Metropolitan Investment Group Of Ro
since 2020
Last sale
$4.6M
5 recorded transactions
Zoning & alternative use
C · Carol Stream, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.9M
+64.2%
Restaurant
$4.3M
+44.3%
Medical building
$3.1M
+4.5%
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 Carol Stream submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carol Stream 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
$5,515,000
ML approach
$5,510,000
CAP Approach
CAP Return
Estimation
6%
$3,170,000
6.5%
$2,930,000
7%
$2,720,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,955,000
Current use
AUTO REPAIR, GARAGE
$4,850,000
Change: +64% · Conversion: Difficult
RESTAURANT
$4,265,000
Change: +44% · Conversion: Easy
MEDICAL BUILDING
$3,090,000
Change: +5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,805,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$4.68M
Range $4.21M – $5.14M · ±10% · vs last sale $4.60M (Jan 15 2020)
Last sale anchor
$4.60M
Jan 15 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
$341 / 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
$83,589
Tax year 2023
Assessed value
$1,104,320
Assessed 2023
Previous assessed
$1,043,670
+5.8% YoY
Effective rate
7.57%
On assessed value
Assessed land
$212,060
Assessed improvement
$892,260
Land market value
$636,180
Improvement market value
$2,676,780
Total market value
$3,312,960
Applied tax rate
5,180.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2007
Construction
MIXED
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
13,713 SF
Lot
1.34 ac (58,370 SF)
Zoning code
C
APN
05-04-304-072
UPID
US28-2704668
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Carol Stream, ILZoning C · permitted uses
C · Carol Stream, IL
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
RETAIL STORES Current
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$4.9M
RESTAURANT
Est. value
$4.3M
MEDICAL BUILDING
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$2.8M
RETAIL STORES Current
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
2007
Construction
MIXED
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.34 ac
Current owner
From public records · entity-resolved
Metropolitan Investment Group Of Ro
Entity
Mailing address
180 N LA SALLE ST STE #2108, CHICAGO, IL 60601-2701
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2020
$4,600,000
Metropolitan Investment Group Of Ro
336 N Michigan Ave Partnership
Special Warranty Deed
$3,250,000 · Byline Bank
Dec 13, 2012
$4,810,000
336 N Michigan Avenue Ptshp
Wheaton Loan Acquisition LLC
Grant Deed
$3,250,000 · Everbank
Apr 30, 2012
—
Wheaton Loan Acquisition LLC
—
Deed Of Trust
related
$2,860,000 · Signature Bank
Nov 8, 2011
—
Wheaton Loan Acquisition LLC
Geneva-main LLC
Grant Deed
$1,800,000 · Signature Bank
—
—
Geneva Main LLC
—
Deed Of Trust
related
$4,398,998 · Pnc Bank
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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