Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    251 Central Ave University Park, IL 60484-3183

    • Industrial properties
    • 192,701 SF
    • 31.69 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 29, 2023
    Location Intelligence
    Property ID
    US28-4933019
    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

    • Dot Foods Inc / Distribution Service

    Property Details for 251 Central Ave

    Lot size
    31.69 lot acres
    Property size
    192,701 SF
    Property type
    Industrial properties
    APN
    21-14-04-301-002
    APU
    211404301002

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    University Park
    County
    Will
    State
    Illinois
    Longitude
    -87.7452
    Latitude
    41.4621
    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
    $754,306
    $566,126
    $6,953,925
    $7,520,051
    -
    $1,698,378
    $20,861,775
    $22,560,153

    Comparable in this City

    • 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
      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
      3,312 SF

      25160 Governors Hwy

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

    Similar Nearby for Sale

    • $5,995,000
      55.64 Acres

      University Park Industrial Land

      55 Acres, Prime Location, $5.995M
      0 Stuenkel Rd, Monee, IL 60484
      View Details
    • $5,995,000

      Industrial Land Near I-57 Interchange

      55.64 acres of industrial-zoned land in University Park, Illinois.
      Sec Of Stuenkel Rd. And Central Ave, University Park, IL 60484
      View Details
    • $1,320,000

      8.65 Acre Land Parcel

      8.65 acre land parcel zoned agricultural, utilities at street.
      2417 Bond St, University Park, IL 60484
      View Details
    • $5,995,000

      Land Near I-57 Interchange

      Land available near I-57 interchange with water and sewer access.
      500 Crossing Dr, University Park, IL 60484
      View Details
    • $40,000
      0.75 Acres

      University Park Vacant Land Parcel

      Four connected vacant lots perfect for new development in University Park.
      608 Sullivan Ln, University Park, IL 60484
      View Details
    • Contact for pricing

      Industrial Land Ready For Development

      Pad-ready sites in master-planned business park near I-57.
      Dralle Rd West, University Pk, IL 60484
      View Details

    Similar Nearby for Lease

    • $17,179 /Mo
      126,760 SF

      Monee, IL Land Lease Opportunity

      2.91 Acres, Build-to-Suit, High Traffic
      0 Stuenkel Rd, Monee, IL 60484
      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
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    251 Central Ave
    University Park, IL 60484-3183
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.