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Property profile & analytics
OFF-MARKET
Turn key restaurants
2275 Half Day Rd, Bannockburn, IL 60015-1217
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US28-2573596
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1979
Construction
FRAME
Total area
3,663 SF
Lot
0.11 ac (4,988 SF)
APN
16-18-302-002
UPID
US28-2573596
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
-
RevenueWell (Bike/Boat/Book/etc) Store Corporate Office
-
Club Automation (Bike/Boat/Book/etc) Store Corporate Office
-
Laura A. Harwood, PsyD Physician Medical Clinic
-
Neil S Zweiban Law Office Law Firm
-
Lake Cook Marketing Advertising Agency Marketing & Advertising
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
Wanxiang Bannockburn LLC · 14 yrs held
Wanxiang Bannockburn LLC
since 2012
5 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
$7,369
Tax year 2023
Assessed value
$102,758
Assessed 2023
Previous assessed
$101,117
+1.6% YoY
Effective rate
7.17%
On assessed value
Assessed land
$18,513
Assessed improvement
$84,245
Land market value
$55,545
Improvement market value
$252,760
Total market value
$308,305
Applied tax rate
17,081.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1979
Construction
FRAME
Heating
NONE
Total area
3,663 SF
Lot
0.11 ac (4,988 SF)
APN
16-18-302-002
UPID
US28-2573596
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
1979
Construction
FRAME
Heating
NONE
Lot
0.11 ac
Current owner
From public records · entity-resolved
Wanxiang Bannockburn LLC
Entity
Free & Clear · 14 yrs held
Mailing address
88 AIRPORT RD, ELGIN, IL 60123-9324
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
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
Sep 30, 2019
—
Wanxiang Bannockburn LLC
—
Loan Modification
related
$14,755,000 · Associated Bk
Jul 27, 2016
—
Wanxiang Bannockburn LLC
—
Trustees Deed
related
$12,049,886 · Associated Bk
Jun 6, 2012
—
Wanxiang Bannockburn LLC
Bannockburn Executive Plaza Ll
Quit Claim Deed
—
Oct 24, 1997
—
Bannockburn Executive Plz LLC
Lasalle National Bank Ttee
Grant Deed
$10,500,000 · Credit Suisse First Boston Mtg
—
—
Wanxiang Bannockburn LLC
—
Deed Of Trust
related
$10,000,000 · Wells Fargo 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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