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Property profile & analytics
FOR SALE
Commercial land
250 E Devon Ave, Itasca, IL 60143
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US28-2643814
For Sale
1 / 6
$15,824,557
250 E Devon Ave, Itasca, IL 60143
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
1.18 ac (51,401 SF)
Zoning code
C
APN
03-05-102-005
UPID
US28-2643814
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
-
Ajinomoto North America, Inc. Big Box & Wholesale Store Food Market
-
M H Equity Services Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.38M
Owner & transaction history
Ahn Itasca Il LLC · 4 yrs held
Ahn Itasca Il LLC
since 2021
Last sale
$16.0M
6 recorded transactions
Zoning & alternative use
C · Itasca, IL
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 Itasca submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Itasca 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
$18,990,000
ML approach
$10,470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$15.38M
Range $13.84M – $16.92M · ±10% · vs last sale $16.03M (Dec 16 2021)
Last sale anchor
$16.03M
Dec 16 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
—
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
$3,557
Tax year 2023
Assessed value
$46,640
Assessed 2023
Previous assessed
$43,750
+6.6% YoY
Effective rate
7.63%
On assessed value
Assessed land
$46,640
Land market value
$139,920
Total market value
$139,920
Applied tax rate
3,227.0000
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
For Sale
Heating
NONE
Lot
1.18 ac (51,401 SF)
Zoning code
C
APN
03-05-102-005
UPID
US28-2643814
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Itasca, IL
Zoning C · permitted uses
C · Itasca, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Itasca. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
1.18 ac
Current owner
From public records · entity-resolved
Ahn Itasca Il LLC
Entity
Free & Clear · 4 yrs held
Mailing address
888 7TH AVE FL #201, NEW YORK, NY 10106-0096
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2022
—
Ahn Itasca Il LLC
—
Deed
related
$9,830,000 · Bell Bank
Dec 16, 2021
$16,033,000
Ahn Itasca Il LLC
Hp 250 Devon LLC
Special Warranty Deed
—
Aug 18, 2020
—
Hp 250 Devon LLC
State Of California Public Emp
Quit Claim Deed
related
—
Aug 18, 2020
$2,925,000
Hp 250 Devon LLC
250 Devon LLC
Grant Deed
$8,530,000 · Schaumburg Bk&tr Co NA
Nov 6, 2009
$5,175,000
250 Devon LLC
Mept Hamilton Lakes-ii LLC
Grant Deed
—
Oct 23, 2009
—
Mept Hamilton Lakes II LLC
450 Devon LLC
Quit Claim Deed
related
—
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.
Try Rey
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