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Property profile & analytics
OFF-MARKET
Estimated value
$4,050,000
Industrial properties
245 Roosevelt Rd, West Chicago, IL 60185-3739
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-2407450
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1986
Total area
30,697 SF
Lot
1.08 ac (47,045 SF)
Zoning code
C
APN
04-16-202-085
UPID
US28-2407450
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
$4.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.05M
Owner & transaction history
Vip West Chicago IV LLC · 4 yrs held
Vip West Chicago IV LLC
since 2021
Last sale
$3.7M
7 recorded transactions
Zoning & alternative use
C · West Chicago, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$6.6M
+145.2%
Commercial (general)
$6.1M
+127.1%
Office building
$5.5M
+104.0%
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
$4,330,000
ML approach
$4,410,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,700,000
Current use
RETAIL STORES
$6,615,000
Change: +145% · Conversion: Moderate
COMMERCIAL (GENERAL)
$6,125,000
Change: +127% · Conversion: Difficult
OFFICE BUILDING
$5,500,000
Change: +104% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,195,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$4.05M
Range $3.65M – $4.46M · ±10% · vs last sale $3.73M (Aug 5 2021)
Last sale anchor
$3.73M
Aug 5 2021
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
$132 / 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
$41,090
Tax year 2023
Assessed value
$443,000
Assessed 2023
Previous assessed
$417,570
+6.1% YoY
Effective rate
9.28%
On assessed value
Assessed land
$47,080
Assessed improvement
$395,920
Land market value
$141,240
Improvement market value
$1,187,760
Total market value
$1,329,000
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
1986
Heating
NONE
Total area
30,697 SF
Lot
1.08 ac (47,045 SF)
Zoning code
C
APN
04-16-202-085
UPID
US28-2407450
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · West Chicago, IL
Zoning C · permitted uses
C · West Chicago, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Chicago. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.7M
RETAIL STORES
Est. value
$6.6M
COMMERCIAL (GENERAL)
Est. value
$6.1M
OFFICE BUILDING
Est. value
$5.5M
WAREHOUSE, STORAGE
Est. value
$3.2M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Heating
NONE
Lot
1.08 ac
Current owner
From public records · entity-resolved
Vip West Chicago IV LLC
Entity
Mailing address
477 W WRIGHTWOOD AVE, ELMHURST, IL 60126-1011
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2021
—
Vip West Chicago IV LLC
Vip West Chicago III LLC
Intrafamily Transfer
related
$1,000,000 · Cibc Bank USA
May 16, 2019
$3,731,000
Vip West Chicago III LLC
Stahelin Ents LP
Quit Claim Deed
$5,400,000 · Miscellaneous Ins Co
Oct 17, 2012
—
Stahelin Enterprises LP
—
Deed Of Trust
related
$16,902,021 · Standard Bank & Trust
Jan 29, 2010
—
Stahelin Ents LP
—
Deed Of Trust
related
$3,740,000 · Standard Bank & Trust
Mar 13, 2007
—
Stahelin Ents
Trust 6000
Grant Deed
—
—
—
Stahelin Ents LP
—
Deed Of Trust
related
$2,930,000 · Standard Bank & Trust
—
—
Stahelin Ents LP
—
Deed Of Trust
related
$3,740,000 · Standard Bank & Trust
—
—
Stahelin Ents LP
—
Deed Of Trust
related
$1,912,000 · Standard Bank & Trust
—
—
Stahelin Ents LP
—
Deed Of Trust
related
$9,479,000 · Standard Bank & Trust
—
—
Stahelin Ents LP
—
Deed Of Trust
related
$3,359,000 · Standard Bank & Trust
—
—
Stahelin Ents LP
—
Deed Of Trust
related
$5,075,000 · Standard Bank & Trust
—
—
Stahelin Ents LP
—
Deed Of Trust
related
$9,479,000 · Standard Bank & Trust
—
—
Stahelin Ents LP
—
Deed Of Trust
related
$2,930,000 · Standard Bank & Trust
—
—
Stahelin Ents LP
—
Deed Of Trust
related
$1,912,000 · Standard Bank & Trust
—
—
Stahelin Ents LP
—
Deed Of Trust
related
$5,075,000 · Standard Bank & Trust
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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