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Property profile & analytics
OFF-MARKET
Estimated value
$835,000
Industrial properties
245 Roosevelt Rd West Chicago, IL 60185-3739
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US28-1888588
Property summary
AI-generated overview
This exceptional warehouse space, located at 245 W. Roosevelt Road, Building 10, Unit 70 in West Chicago, Illinois, 60185, offers 4,882 square feet of immediately available space for lease. The unit is part of a larger industrial building totaling 19,249 square feet and features a desirable 12.5-foot ceiling height, providing ample vertical storage capacity. The property is classified as industrial, with a warehouse subtype and multiple tenancy. This particular unit is ideal for businesses requiring efficient loading and unloading operations, as it includes one loading dock. The strategic location in West Chicago, Illinois offers convenient access to major transportation routes, enhancing logistical efficiency for your operations. The property's address is 245 W Roosevelt Rd, West Chicago, IL 60185. This space presents a fantastic opportunity for businesses seeking a functional and well-situated warehouse in a thriving industrial area. The available space is ready for immediate occupancy, allowing for a swift and seamless transition for your business. Contact us today to schedule a viewing and explore the possibilities this warehouse offers.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1989
Construction
BRICK
Total area
18,107 SF
Lot
0.66 ac (28,750 SF)
Zoning code
I
APN
04-16-202-075
UPID
US28-1888588
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
-
PC & Laptop Support Tech Support Center (Bike/Boat/Book/etc) Store
-
Farmers Insurance - James Bonebrake Insurance Agency
-
HOK Sales, Inc | Building 12, Unit 83 Industrial Manufacturer Production Facility
-
Cheryl Short, RN Registered General Nurse
-
State of Illinois Department of Health State Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$505k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$835k
Owner & transaction history
Vip West Chicago II LLC · 7 yrs held
Vip West Chicago II LLC
since 2019
4 recorded transactions
Zoning & alternative use
I · West Chicago, IL
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
by Request
ML approach
$505,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$835k
Range $752k – $919k · ±10%
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
$46 / SF
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
$22,653
Tax year 2023
Assessed value
$244,230
Assessed 2023
Previous assessed
$231,290
+5.6% YoY
Effective rate
9.28%
On assessed value
Assessed land
$28,660
Assessed improvement
$215,570
Land market value
$85,980
Improvement market value
$646,710
Total market value
$732,690
Applied tax rate
4,011.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1989
Construction
BRICK
Heating
NONE
Total area
18,107 SF
Lot
0.66 ac (28,750 SF)
Zoning code
I
APN
04-16-202-075
UPID
US28-1888588
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
I · West Chicago, ILZoning I · permitted uses
I · West Chicago, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1989
Construction
BRICK
Heating
NONE
Lot
0.66 ac
Current owner
From public records · entity-resolved
Vip West Chicago II LLC
Entity
Free & Clear · 7 yrs held
Mailing address
477 W WRIGHTWOOD AVE, ELMHURST, IL 60126-1011
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
May 16, 2019
$2,987,000
Vip West Chicago II LLC
Wc Stahelin LLC
Special Warranty Deed
—
Jun 5, 2015
—
Wc Stahelin LLC
L/m Development LLC
Warranty Deed
$6,100,000 · Usb Real Estate Securities INC
Oct 17, 2012
—
Stahelin Enterprises LP
—
Deed Of Trust
related
$16,902,021 · Standard Bank & Trust
Apr 3, 2007
—
L/m Dev LLC
Trust 9392
Grant Deed
—
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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