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Property profile & analytics
OFF-MARKET
Estimated value
$4,450,000
Retail space
22nd Butterfield Rd, Glen Ellyn, IL 60137-6976
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-1277547
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1979
Total area
19,399 SF
Lot
1.4 ac (60,984 SF)
Zoning code
C
APN
05-35-107-035
UPID
US28-1277547
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
$4.45M
CAP Approach
CAP
$4.14M
Comparable Approach
Comparable
$3.11M
Blend (final)
Blend
$4.45M
Owner & transaction history
Fischer & Hogan LLC · 2 yrs held
Fischer & Hogan LLC
since 2024
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
C · Glen Ellyn, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.9M
+64.2%
Restaurant
$6.0M
+44.3%
Medical building
$4.4M
+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 Glen Ellyn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glen Ellyn 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
$4,450,000
ML approach
$4,450,000
CAP Approach
CAP Return
Estimation
6%
$4,490,000
6.5%
$4,140,000
7%
$3,845,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,180,000
Current use
AUTO REPAIR, GARAGE
$6,865,000
Change: +64% · Conversion: Difficult
RESTAURANT
$6,030,000
Change: +44% · Conversion: Easy
MEDICAL BUILDING
$4,370,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$3,515,000
Change: -16% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,350,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$4.45M
Range $4.01M – $4.90M · ±10% · vs last sale $4.45M (May 23 2024)
Last sale anchor
$4.45M
May 23 2024
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
$229 / 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
$58,561
Tax year 2023
Assessed value
$791,670
Assessed 2023
Previous assessed
$874,240
-9.4% YoY
Effective rate
7.40%
On assessed value
Assessed land
$265,420
Assessed improvement
$526,250
Land market value
$796,260
Improvement market value
$1,578,750
Total market value
$2,375,010
Applied tax rate
5,082.0000
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
1979
Heating
NONE
Stories
1
Total area
19,399 SF
Lot
1.4 ac (60,984 SF)
Zoning code
C
APN
05-35-107-035
UPID
US28-1277547
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Glen Ellyn, IL
Zoning C · permitted uses
C · Glen Ellyn, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Glen Ellyn. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.2M
AUTO REPAIR, GARAGE
Est. value
$6.9M
RESTAURANT
Est. value
$6.0M
MEDICAL BUILDING
Est. value
$4.4M
OFFICE BUILDING
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$3.4M
RETAIL STORES Current
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
OFFICE 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
1979
Heating
NONE
Stories
1
Lot
1.4 ac
Current owner
From public records · entity-resolved
Fischer & Hogan LLC
Entity
Mailing address
1590 W ALGONQUIN RD #223, HOFFMAN ESTATES, IL 60192-1575
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2024
$4,450,000
Fischer & Hogan LLC
Tmt4 LLC
Warranty Deed
—
Apr 10, 2024
$4,450,000
Fischer & Hogan LLC
Tmt4 LLC
Warranty Deed
—
Oct 13, 2023
$2,375,000
Tmt 4 LLC
Glen Ellyn Center LLC
Special Warranty Deed
$1,781,250 · Community Bank Of Elmhurst
Oct 12, 2017
$3,645,500
Glen Ellyn Center LLC
Butterfield Park Center LLC
Special Warranty Deed
$1,740,320 · First Midwest Bank
May 31, 2016
—
Butterfield Park Center LLC
—
Deed
related
$1,225,000 · Parkway Bank & Trust Co
Jul 24, 2015
$1,732,500
Butterfield Park Center LLC
Us Bank NA Series 2007-c3
Grant Deed
$125,000 · Emerald Crk Cap
Nov 26, 2014
—
Us Bank NA Series 2007-c3 Tr
Sheriff Of Dupage County|butterfield Plaza LLC
Trustees Deed
related
—
Mar 27, 2007
$3,000,000
Butterfield Plaza LLC
Trust 1522
Grant Deed
$3,100,000 · Column Financial INC
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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