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    Property profile & analytics

    2450 Horner Ave University Park, IL 60484-3114

    • Industrial properties
    • 43,656 SF
    • 2.74 lot acres
    OFF-MARKET
    Value Estimation
    $1,820,000
    Last Sale
    Mar 05, 2020
    $1,500,000
    Location Intelligence
    Property ID
    US28-1925112
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hawkins Water Treatment Group / Water Treatment Supplier

    Property Details for 2450 Horner Ave

    Year built
    1974
    Lot size
    2.74 lot acres
    Property size
    43,656 SF
    Property type
    Industrial properties
    APN
    21-14-16-301-025
    APU
    211416301025

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,900,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,535,000
      6.5%
      $1,450,000
      7%
      $1,605,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,705,000
      Geo Method
      $1,525,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,740,000
      Retail
      $1,615,000
      Mixed-Use
      $1,610,000
      Hospitality
      $1,675,000
      Educational
      $1,320,000
      Residential Income
      $1,740,000
      Energy
      $1,555,000
      Income-Based Land
      $1,435,000
      Food Service
      $1,285,000

    Location Insight

    • Map
    • Local Demand
    City
    University Park
    County
    Will
    State
    Illinois
    Longitude
    -87.745
    Latitude
    41.431
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $67,896
    $39,788
    $459,523
    $499,311
    -
    $119,364
    $1,378,569
    $1,497,933

    Comparable in this City

    • Value Estimation by Request
      14,000 SF

      787 Industrial Dr

      INDUSTRIAL (GENERAL) • 14,000 SF
      787 Industrial Dr, University Park, IL 60484-4101
      View Details
    • Value Estimation by Request
      15,735 SF

      2601 Bond St Ste, Unit 2

      INDUSTRIAL (GENERAL) • 15,735 SF
      2601 Bond St Ste, University Park, IL 60484-3180
      View Details
    • Value Estimation by Request
      23,922 SF

      2601 Bond St Ste, Unit 3

      INDUSTRIAL (GENERAL) • 23,922 SF
      2601 Bond St Ste, University Park, IL 60484-3180
      View Details
    • Value Estimation by Request
      8,640 SF

      790 Central Ave

      INDUSTRIAL (GENERAL) • 8,640 SF
      790 Central Ave, University Park, IL 60484-3138
      View Details
    • Value Estimation by Request
      699,960 SF

      702 Commerce Ctr Dr

      INDUSTRIAL (GENERAL) • 699,960 SF
      702 Commerce Ctr Dr, University Park, IL 60484-3199
      View Details
    • Value Estimation by Request
      3,312 SF

      25160 Governors Hwy

      INDUSTRIAL (GENERAL) • 3,312 SF
      25160 Governors Hwy, University Park, IL 60484
      View Details

    Similar Nearby for Sale

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    • $162,900
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    • Contact for pricing
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    Similar Nearby for Lease

    • $17,179 /Mo
      126,760 SF

      Monee, IL Land Lease Opportunity

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      View Details
    • Contact for pricing
      59,830 SF

      Industrial Property in University Park

      Industrial space available for lease in University Park, Illinois.
      2401 Bond St, University Park, IL 60484
      View Details
    • $12 SF/Yr
      16,800 SF

      Refrigerated Production and Storage Facility

      16,800 SF facility with refrigerated production, freezer, and office.
      450 Central Ave, University Park, IL 60484
      View Details
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    2450 Horner Ave
    University Park, IL 60484-3114
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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