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    Property profile & analytics

    2587 Waukegan Rd Bannockburn, IL 60015-1569

    • Turn key restaurants
    • 3,870 SF
    • 0.94 lot acres
    OFF-MARKET
    Value Estimation
    $505,000
    Last Sale
    Jul 03, 2024
    Location Intelligence
    Property ID
    US28-4902104
    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

    • McDonald's / Hamburger Restaurant / Restaurant

    Property Details for 2587 Waukegan Rd

    Year built
    2015
    Construction
    BRICK
    Lot size
    0.94 lot acres
    Property size
    3,870 SF
    Property type
    Turn key restaurants
    APN
    16-17-310-001
    APU
    1617310001

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bannockburn
    County
    Lake
    State
    Illinois
    Longitude
    -87.8617
    Latitude
    42.1991
    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
    $24,715
    $152,481
    $262,619
    $415,100
    -
    $457,489
    $787,936
    $1,245,425

    Comparable in this City

    • Value Estimation
      $600,000
      12,725 SF

      833 Deerfield Rd

      RESTAURANT • 12,725 SF
      833 Deerfield Rd, Deerfield, IL 60015-3211
      View Details
    • Value Estimation
      $345,000
      3,663 SF

      2275 Half Day Rd

      RESTAURANT • 3,663 SF
      2275 Half Day Rd, Bannockburn, IL 60015-1217
      View Details
    • Value Estimation
      $555,000
      4,614 SF

      1211 Half Day Rd

      RESTAURANT • 4,614 SF
      1211 Half Day Rd, Bannockburn, IL 60015-5407
      View Details
    • Value Estimation
      $1,050,000
      23,646 SF

      660 Lk Cook Rd

      RESTAURANT • 23,646 SF
      660 Lk Cook Rd, Deerfield, IL 60015-4923
      View Details
    • Value Estimation
      $2,670,000
      9,130 SF

      700 Lk Cook Rd

      RESTAURANT • 9,130 SF
      700 Lk Cook Rd, Deerfield, IL 60015-4915
      View Details
    • Value Estimation
      $1,135,000
      8,088 SF

      560 Waukegan Rd

      RESTAURANT • 8,088 SF
      560 Waukegan Rd, Deerfield, IL 60015-4323
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      160,114 SF

      Bannockburn Green Retail Space

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      View Details
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    Bannockburn, IL 60015-1569
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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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