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Property profile & analytics
OFF-MARKET
Estimated value
$8,470,000
Retail space
2320 High St, Blue Island, IL 60406-2426
Entity Owned
4-yr Hold
Free & Clear
Property ID
US28-2294027
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1963
Lot
0.14 ac (6,080 SF)
APN
25-31-113-014
UPID
US28-2294027
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
-
Elizabeth Panagos, DO Pediatrician Physician
-
Janet Arenas, LDN Physician
-
Nafisa B. Ibrahim, MD Physician
-
Pronger-Smith Medical Associates: Miller Jan Employment Agency
-
Leigh Sterling, DO Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.83M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.47M
Owner & transaction history
Hsre Duly Blue Island Propco LLC · 4 yrs held
Hsre Duly Blue Island Propco LLC
since 2022
Last sale
$8.1M
4 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 Blue Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Blue Island 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
$8,775,000
ML approach
$8,830,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.47M
Range $7.62M – $9.32M · ±10% · vs last sale $8.13M (Jul 1 2022)
Last sale anchor
$8.13M
Jul 1 2022
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
—
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
$24,820
Tax year 2022
Assessed value
$49,755
Assessed 2022
Previous assessed
$52,127
-4.6% YoY
Effective rate
49.88%
On assessed value
Assessed land
$10,640
Assessed improvement
$39,115
Land market value
$42,560
Improvement market value
$156,460
Total market value
$199,020
Applied tax rate
14,027.0000
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
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1963
Heating
NONE
Lot
0.14 ac (6,080 SF)
APN
25-31-113-014
UPID
US28-2294027
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
1963
Heating
NONE
Lot
0.14 ac
Current owner
From public records · entity-resolved
Hsre Duly Blue Island Propco LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1100 31ST ST, DOWNERS GROVE, IL 60515-5509
Ownership since
2022
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
Jul 1, 2022
$8,134,000
Hsre Duly Blue Island Propco LLC
Dmg Real Estate LLC
Special Warranty Deed
—
Nov 13, 2017
—
Dmg Real Estate LLC
—
Grant Deed
related
$800,000,000 · Credit Suisse Ag Cayman Iss Br
May 10, 2016
$4,300,000
Dmg Real Estate LLC
High Street Dev LLC
Trustees Deed
$15,450,000 · Bank Of America
May 26, 2011
—
High Street Dev LLC
North Star Trust Co
Grant Deed
$13,450,000 · Citibank NA
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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