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Property profile & analytics
OFF-MARKET
Estimated value
$2,800,000
Medical Office Space
222 Ogden Ave, Hinsdale, IL 60521-2458
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-1392273
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1962
Total area
12,740 SF
Lot
1.26 ac (54,886 SF)
Zoning code
C
APN
09-01-209-003
UPID
US28-1392273
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
$3.21M
CAP Approach
CAP
$2.60M
Comparable Approach
Comparable
$2.38M
Blend (final)
Blend
$2.80M
Owner & transaction history
Hinsdale Salt Creek LLC · 4 yrs held
Hinsdale Salt Creek LLC
since 2021
Last sale
$2.7M
4 recorded transactions
Zoning & alternative use
C · Hinsdale, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.5M
+57.1%
Restaurant
$4.0M
+38.1%
Commercial (general)
$3.3M
+15.6%
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 Hinsdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hinsdale 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
$3,200,000
ML approach
$3,210,000
CAP Approach
CAP Return
Estimation
6%
$2,815,000
6.5%
$2,595,000
7%
$2,410,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,870,000
Current use
AUTO REPAIR, GARAGE
$4,510,000
Change: +57% · Conversion: Difficult
RESTAURANT
$3,960,000
Change: +38% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,320,000
Change: +16% · Conversion: Easy
OFFICE BUILDING
$2,880,000
Change: +0% · Conversion: Easy
RETAIL STORES
$2,745,000
Change: -4% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,460,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$2.80M
Range $2.52M – $3.08M · ±10% · vs last sale $2.70M (Aug 10 2021)
Last sale anchor
$2.70M
Aug 10 2021
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
$220 / 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
$35,778
Tax year 2023
Assessed value
$666,150
Assessed 2023
Previous assessed
$816,490
-18.4% YoY
Effective rate
5.37%
On assessed value
Assessed land
$546,260
Assessed improvement
$119,890
Land market value
$1,638,780
Improvement market value
$359,670
Total market value
$1,998,450
Applied tax rate
9,059.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1962
Heating
NONE
Stories
1
Total area
12,740 SF
Lot
1.26 ac (54,886 SF)
Zoning code
C
APN
09-01-209-003
UPID
US28-1392273
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Hinsdale, IL
Zoning C · permitted uses
C · Hinsdale, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hinsdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$4.5M
RESTAURANT
Est. value
$4.0M
COMMERCIAL (GENERAL)
Est. value
$3.3M
OFFICE BUILDING
Est. value
$2.9M
RETAIL STORES
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.5M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1962
Heating
NONE
Stories
1
Lot
1.26 ac
Current owner
From public records · entity-resolved
Hinsdale Salt Creek LLC
Entity
Mailing address
440 E OGDEN AVE, HINSDALE, IL 60521-3631
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2021
—
Hinsdale Salt Creek LLC
—
Deed
related
$1,112,000 · Small Business Growth Corporation
Aug 10, 2021
$2,700,000
Hinsdale Salt Creek LLC
Adventist Midwest Health
Special Warranty Deed
$2,160,000 · Old Plank Trail Community Bank NA
Jul 30, 2015
—
Adventist Midwest Health
Elm Creek Property Management
Quit Claim Deed
related
—
Dec 2, 2005
—
Elm Creek Property Mgmt LLC
Trust L-1226
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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