Property profile

23937 S Northern Illinois Dr Channahon, IL 60410

FOR LEASE
Other industrial properties
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Property ID
US28-3434996
3,000 SF 4.71 ac
Last sale Dec 2020·$2,620,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

The property located at 23937 S Northern Illinois Dr in Channahon, Illinois is classified as industrial land. It is a parcel of land suited for commercial/industrial uses consistent with its industrial land designation.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$15k
Tax billed · 2023
Assessed value$176k
Assessed land$113k
Assessed improvement$64k
Effective rate8.66%

Value estimate

· Nov 2026
$1.90M
$1.71M – $2.09M
AI approach$2.00M
CAP approach$2.39M
NOI build-up
Gross scheduled income$32k
Vacancy & credit loss−$2k
Operating expenses−$9k
NOI$22k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$97/SF
County average, outlier-cleaned · 234 recorded sales of this use type
Observed band · Q1–Q3$68 – $137
Qualifying comparables3

Cap rate analysis

How does the asset earn?
$22k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionWILL

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop11.4
Law Firm11.0
Building Supply11.0

Location

23937 S Northern Illinois Dr Channahon, IL 60410
County assessor Recorded deeds · 4 transfers 3 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
23315 Youngs, Channahon, IL 60410-3283 $4,800,000 Jan 2026 No data
24307 Riverside, Channahon, IL 60410-9212 $9,500,000 Oct 2024 14,400 SF
24251 Riverside, Channahon, IL 60410-9211 $9,500,000 Oct 2024 44,000 SF
22634 Frontage, Channahon, IL 60410-9207 $6,000,000 Sep 2024 25,580 SF
24021 Municipal, Channahon, IL 60410-5800 $1,342,000 Jan 2023 8,649 SF
24125 Riverside, Channahon, IL 60410-9225 $3,375,000 Nov 2022 6,400 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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