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Property profile & analytics
OFF-MARKET
Commercial land
2421 Sheridan Rd, Zion, IL 60099-2332
Individually Owned
3-yr Hold
Free & Clear
Property ID
US28-0767370
Property summary
AI-generated overview
This exceptional 7,000 square foot vacant commercial lot presents a unique investment opportunity in the thriving city of Zion, Illinois. Located at 2421 Sheridan Road, this property is zoned HB-2, offering a range of potential commercial development options. The lot is being sold "AS IS," and cash buyers are preferred. The property's location provides excellent visibility and accessibility, making it ideal for a variety of businesses. The asking price is $15,625. The property's APN is 04221170060000. Prospective buyers are responsible for securing any necessary surveys. All reasonable offers will be given serious consideration. This is a rare chance to acquire a sizable commercial parcel in a desirable location, ready for your vision. The property is situated in Lake County, Illinois, with a zip code of 60099. Its coordinates are latitude 42.4517088 and longitude -87.8250952. Don't miss this chance to capitalize on this prime commercial real estate opportunity. Serious inquiries only.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.16 ac (7,000 SF)
APN
04-22-117-006
UPID
US28-0767370
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ripple Creek Investors Of Chicago L · 3 yrs held
Ripple Creek Investors Of Chicago L
since 2022
Last sale
$40,000
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 Zion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Zion 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$1,650
Tax year 2023
Assessed value
$14,194
Assessed 2023
Previous assessed
$10,814
+31.3% YoY
Effective rate
11.62%
On assessed value
Assessed land
$14,194
Land market value
$42,586
Total market value
$42,586
Applied tax rate
2,003.0000
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
0.16 ac (7,000 SF)
APN
04-22-117-006
UPID
US28-0767370
Jurisdiction
LAKE
Metro division
LAKE COUNTY-KENOSHA COUNTY, IL-WI 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
0.16 ac
Current owner
From public records · entity-resolved
Ripple Creek Investors Of Chicago L
Individual
Free & Clear · 3 yrs held
Mailing address
PO BOX 144, LAFOX, IL 60147-0144
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
Nov 7, 2022
—
Ripple Creek Investors Of Chicago L
County Of Lake
Public Action
related
—
Aug 18, 2017
$40,000
Mon Ami Properties LLC
Norstates Bk
Grant Deed
—
Jan 25, 2013
—
Norstates Bk
Sheriff Of Lake County
Trustees Deed
related
—
—
—
Thomas Owens
—
Deed Of Trust
related
$100,000 · Norstates Bank
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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