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Property profile & analytics
OFF-MARKET
Industrial properties
2250 Western Ave, Park Forest, IL 60466-1227
Entity Owned
6-yr Hold
Free & Clear
Property ID
US28-0027464
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1957
Lot
1.84 ac (80,150 SF)
APN
31-25-201-005
UPID
US28-0027464
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
-
L3VEL3 Cosmetic Store
-
L3VEL3 (Level 3) Cosmetic Store Beauty School
-
Hadady Corporation Industrial Manufacturer Production Facility
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
Elegance USA INC · 6 yrs held
Elegance USA INC
since 2020
Last sale
$250,000
7 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 Park Forest submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Park Forest 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 2022Property tax & assessments
Tax year 2022
Tax billed
$33,617
Tax year 2022
Assessed value
$25,000
Assessed 2022
Previous assessed
$25,000
+0.0% YoY
Effective rate
134.47%
On assessed value
Assessed land
$12,000
Assessed improvement
$13,000
Land market value
$48,000
Improvement market value
$52,000
Total market value
$100,000
Applied tax rate
32,021.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1957
Heating
NONE
Stories
1
Lot
1.84 ac (80,150 SF)
APN
31-25-201-005
UPID
US28-0027464
Jurisdiction
COOK
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL 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
1957
Heating
NONE
Stories
1
Lot
1.84 ac
Current owner
From public records · entity-resolved
Elegance USA INC
Entity
Free & Clear · 6 yrs held
Mailing address
2250 WESTERN AVE, PARK FOREST, IL 60466-1227
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2020
—
Elegance USA INC
—
Deed
related
$4,500,000 · First Internet Bank Of Indiana
Jun 24, 2020
$250,000
Elegance USA INC
Hadady Corp
Grant Deed
—
Oct 5, 2018
—
Hadady Corp
—
Grant Deed
related
$3,043,000 · First Merchants Bk
Oct 6, 2011
—
Hadady Corp
—
Deed Of Trust
related
$10,300,000 · J P Morgan Chase Bank
Jul 30, 2010
—
Hadady Corp
—
Deed Of Trust
related
$15,406,700 · Fifth Third Bank
Feb 14, 2007
$525,000
Hadady Corp
Park Forest LLC
Grant Deed
$446,250 · Fifth Third Bank Chicago
Apr 10, 2001
—
Park Forest LLC
LP Vii LLC
Grant Deed
related
—
Sep 27, 2000
$330,000
LP Vii LLC
Cbs Real Estate
Grant Deed
$325,000 · Community Bank Of Lawndale
—
—
Cbs Real Estate Corp
—
Deed Of Trust
related
$30,000 · Hinsdale Bank & Trust Co
—
—
Cbs Real Estate Corp
—
Deed Of Trust
related
$423,000 · Hinsdale Bank & Trust Co
—
—
Park Forest LLC
—
Deed Of Trust
related
$325,000 · Heritage Bank
—
—
Elegance USA INC
—
Deed Of Trust
related
$4,500,000 · First Internet Bk/in
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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