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 Covington Dr Bloomingdale, IL 60108-3109

    • Industrial properties
    • 80,000 SF
    • 4.22 lot acres
    OFF-MARKET
    Value Estimation
    $855,000
    Location Intelligence
    Property ID
    US28-0219252
    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

    • Industrial properties

    Property Details for 251 Covington Dr

    Year built
    1990
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.22 lot acres
    Property size
    80,000 SF
    Zone code
    I
    Property type
    Industrial properties
    APN
    02-20-107-010
    APU
    220107010

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $865,000

    • CAP approach

      CAP return
      Estimation
      6%
      $930,000
      6.5%
      $855,000
      7%
      $855,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $935,000
      Geo Method
      $865,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $850,000
      Retail
      $925,000
      Mixed-Use
      $810,000
      Hospitality
      $820,000
      Educational
      $920,000
      Residential Income
      $865,000
      Energy
      $910,000
      Income-Based Land
      $885,000
      Food Service
      $1,000,000

    Location Insight

    • Map
    • Local Demand
    City
    Bloomingdale
    County
    Dupage
    State
    Illinois
    Longitude
    -88.124
    Latitude
    41.9421
    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
    $99,971
    $444,240
    $690,950
    $1,135,190
    -
    $1,332,720
    $2,072,850
    $3,405,570

    Comparable in this City

    • Value Estimation by Request
      4.18 Acres

      2 Army Trl Rd

      INDUSTRIAL (GENERAL) • 4.18 Acres
      2 Army Trl Rd, Bloomingdale, IL 60108
      View Details
    • Value Estimation by Request
      2.10 Acres

      Camden Dr

      INDUSTRIAL (GENERAL) • 2.10 Acres
      Camden Dr, Bloomingdale, IL 60108
      View Details
    • Value Estimation by Request
      1.97 Acres

      Fox Ct

      INDUSTRIAL (GENERAL) • 1.97 Acres
      Fox Ct, Bloomingdale, IL 60108
      View Details
    • Value Estimation by Request
      5,308 SF

      143 Covington Dr

      CONDOMINIUMS (INDUSTRIAL) • 5,308 SF
      143 Covington Dr, Bloomingdale, IL 60108-3107
      View Details
    • Value Estimation by Request
      271,680 SF

      349 Longview Dr

      INDUSTRIAL (GENERAL) • 271,680 SF
      349 Longview Dr, Bloomingdale, IL 60108
      View Details
    • Value Estimation by Request
      153,136 SF

      270 Madsen Dr

      INDUSTRIAL (GENERAL) • 153,136 SF
      270 Madsen Dr, Bloomingdale, IL 60108-2695
      View Details

    Similar Nearby for Sale

    • $349,000
      2.30 Acres

      Bloomingdale Land Near Stratford Square

      Prime land on Gary Avenue near Stratford Square Mall.
      000 Gary Ave, Bloomingdale, IL 60108
      View Details
    • $495,000
      53,028 SF

      Bloomingdale Office Condo For Sale

      Prime location, 3,000 sq ft, high visibility.
      1 Tiffany Pt, Bloomingdale, IL 60108
      View Details
    • $409,900
      1,668 SF

      Bloomfield Club First Floor Suite

      Move-in ready home with first-floor primary suite and finished basement.
      248 Lynwood Ln, Bloomingdale, IL 60108
      View Details
    • Contact for pricing

      Bloomingdale Commercial Land For Sale

      Commercial land with high visibility and easy highway access.
      323 W Army Trail Rd, Bloomingdale, IL 60108
      View Details
    • $546,115

      High-Visibility Commercial Land Opportunity

      1.25-acre commercial site on heavily-trafficked Lake Street.
      119 W Lake St, Bloomingdale, IL 60108
      View Details
    • Contact for pricing
      2.75 Acres

      Prime Illinois Commercial Land

      Three Locations, Investment Opportunity
      0 Nwc Gary Ave & Lawrence Ave, Bloomingdale, IL 60108
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      88,098 SF

      Bloomingdale Warehouse Space Available

      Available warehouse space in Bloomingdale, Illinois, with office areas.
      280 Madsen Dr, Bloomingdale, IL 60108
      View Details
    • Contact for pricing
      1,178 SF

      Retail Space on Lake Street

      Retail space available in Oakfield Center on Lake Street.
      125 E Lake St, Bartlett, IL 60108
      View Details
    • Contact for pricing
      4,500 SF

      Bloomingdale Retail End Cap Space

      900 SF Retail/Office Space, High Visibility
      308 Glen Ellyn Rd, Bloomingdale, IL 60108
      View Details
    • Contact for pricing
      1,575 SF

      Bloomingdale Retail Space For Rent

      Retail space available in a premier power center.
      366 W Army Trail Rd, Bloomingdale, IL 60108
      View Details
    • Contact for pricing
      6,470 SF

      Former Restaurant Space on Army Trail

      Restaurant/Retail space with high traffic and multiple access points.
      391 W Army Trail Rd, Bloomingdale, IL 60108
      View Details
    • Contact for pricing
      15,098 SF

      Springbrook Center: Retail Spaces Available

      Bloomingdale Retail Center - Multiple Spaces
      134 Lake St, Bloomingdale, IL 60108
      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 Covington Dr
    Bloomingdale, IL 60108-3109
    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.