Financial
Distress signals
Property profile

23937 S Northern Illinois Dr Channahon, IL 60410

FOR LEASE
Other industrial properties
Property ID
US28-3434996
3,000 SF 4.71 ac lot
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.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property is a truck terminal on a 5.0-acre land site, designed to support vehicle and trailer storage. It includes a 5,000-square-foot office building with interior finishes that have been recently installed. The site is fully fenced and secured with an electric fence, and the perimeter and yard are lighted; the lot is graveled to support trailer parking. The property is zoned for industrial use and is located near the UP Global IV and BNSF Elwood rail yards, with access to I-55.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

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

· Sep 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 · 71.74% cap applied$22k

Realmo valuation models over county records.

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

Cap rate analysis

How does the asset earn?
71.74%
$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 Qualifying comp sales · not on file 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 · 8 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
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?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message