New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,285,000
Commercial land
2351 Powis Rd, West Chicago, IL 60185-1013
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-2150055
Property summary
AI-generated overview
This exceptional 11,000 square foot executive office building, situated on a 4-acre lot in West Chicago, IL (zip code 60185), presents a unique leasing opportunity. The property, zoned ORI, offers flexible space options ideal for a variety of businesses. Multiple tenancies are available, with a minimum divisible space of 4,000 square feet and a maximum contiguous space of 6,000 square feet. Currently, the entire 11,000 square feet is vacant, providing an immediate opportunity for a single tenant to occupy the entire building or for multiple tenants to lease individual suites. The building's classification as both Office and Industrial suggests a versatile layout suitable for various business needs. Its location in DuPage County provides easy access to major transportation routes and amenities. This property is perfect for businesses seeking a prominent presence in a thriving area. The address is 2351 Powis Rd, West Chicago, IL. Interested parties should inquire about available suite sizes and lease terms. The property is currently available for lease.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
1.52 ac (66,211 SF)
APN
01-29-102-007
UPID
US28-2150055
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
-
Falcon Green Resources, Inc. Waste Management Facility Hazardous Waste Disposal
-
Josiah & Sons Electrician's Services Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.21M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.29M
Owner & transaction history
2351 Powis Sb LLC · 2 yrs held
2351 Powis Sb LLC
since 2023
Last sale
$2.4M
2 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 West Chicago submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Chicago 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
$2,130,000
ML approach
$2,205,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.29M
Range $2.06M – $2.51M · ±10% · vs last sale $2.40M (Nov 13 2023)
Last sale anchor
$2.40M
Nov 13 2023
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 2023Property tax & assessments
Tax year 2023
Tax billed
$1,644
Tax year 2023
Assessed value
$20,230
Assessed 2023
Previous assessed
$19,270
+5.0% YoY
Effective rate
8.13%
On assessed value
Assessed land
$20,230
Land market value
$60,690
Total market value
$60,690
Applied tax rate
1,102.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
1.52 ac (66,211 SF)
APN
01-29-102-007
UPID
US28-2150055
Jurisdiction
DU PAGE
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
Heating
NONE
Lot
1.52 ac
Current owner
From public records · entity-resolved
2351 Powis Sb LLC
Entity
Mailing address
1 OAKBROOK TER STE #400, OAKBROOK TERRACE, IL 60181-4449
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2023
$2,400,000
2351 Powis Sb LLC
Powis Property LLC
Special Warranty Deed
$1,800,000 · Cornerstone National Bank & Trust C
May 20, 2019
$1,350,000
Powis Property LLC
G & K Ents INC
Grant Deed
$1,100,000 · G&k Ents 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2351 Powis Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
