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    2592 Grand Ave Lindenhurst, IL 60046-5915
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    Property profile & analytics

    2592 Grand Ave, Lindenhurst, IL 60046-5915

    View on Map
    • Office buildings
    • 19,552 SF
    • 1.87 lot acres
    Off-Market
    Property ID
    US28-0111266
    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.
    Value Estimations
    $3,275,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 2592 Grand Ave

    Year built
    2001
    Construction
    BRICK
    Lot size
    1.87 lot acres
    Property type
    Office buildings
    APN
    06-12-101-016
    APU
    612101016

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 7, 2017 — Emerald Square Ll 400 Village Plaza LLC Quit Claim Deed · related $2.9M · Miscellaneous Ins Co
    May 9, 2012 — 400 Village Plaza LLC — Deed Of Trust · related $4.2M · Schaumburg Bank & Trust Co
    Jul 31, 2009 — 400 Village Plaza LLC Trust 133416 Grant Deed —
    Oct 21, 2004 $3,850,000 Trust 133416 Emerald Ridge Warranty Deed $2.9M · Citibank Fsb
    Jan 21, 2004 — Emerald Ridge Joint Venture Oxford Bank & Trust Trustee Deed Of Trust · related $2.4M · National City Bank Michigan/il
    — — Oxford Bank & Trust Co Ttee — Deed Of Trust · related $323k · Oxford Bank & Trust
    — — 400 Village Plaza LLC — Deed Of Trust · related $2.8M · Advantage National Bank
    — — Oxford Bank & Trust Trustee — Deed Of Trust · related $2.4M · Oxford Bank & Trust

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,795,000
      6.5%
      $4,425,000
      7%
      $4,110,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,284,000
      Market price range: $1.29M - $3.84M
      AI Estimate
      $2,109,000
      Market price range: $761k - $2.64M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,555,000
      Current use
      AUTO REPAIR, GARAGE
      $3,415,000
      Change: +34% Conversion: Difficult
      RETAIL STORES
      $2,340,000
      Change: -8% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $2,295,000
      Change: -10% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lindenhurst
    County
    Lake
    State
    Illinois
    Longitude
    -88.0198
    Latitude
    42.3975
    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
    $68,651
    $108,169
    $519,277
    $627,446
    -
    $324,539
    $1,557,987
    $1,882,526

    Comparable in this City

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      4,200 SF

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      OFFICE BUILDING
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      6,275 SF

      129 Central Ave

      OFFICE BUILDING
      129 Central Ave, Lake Villa, IL 60046-8673
      View Details
    • Value Estimation
      $615,000
      6,832 SF

      3065 Falling Waters Blvd

      OFFICE BUILDING
      3065 Falling Waters Blvd, Lindenhurst, IL 60046-6793
      View Details
    • Value Estimation by Request
      2,128 SF

      39336 Il Rte 59

      OFFICE BUILDING
      39336 Il Rte 59, Lake Villa, IL 60046-9635
      View Details
    • Value Estimation by Request
      1,950 SF

      2045 Grand Ave

      OFFICE BUILDING
      2045 Grand Ave, Lindenhurst, IL 60046-9076
      View Details
    • Value Estimation by Request
      4,112 SF

      34746 Us Hwy 45

      OFFICE BUILDING
      34746 Us Hwy 45, Lake Villa, IL 60046
      View Details

    Similar Nearby for Sale

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      Versatile Lindenhurst Property with Warehouse

      Mixed-use property with retail space, warehouse, and redevelopment potential.
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      Versatile Commercial Property in Lindenhurst

      Expansive property with retail space, warehouse, and development potential.
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      2,929 SF

      Lake Villa Flex Condo For Sale

      2,909 SF flex condo with office and warehouse space.
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    • New
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      2.16 Acres

      Versatile Commercial Property on Route 59

      Mixed-use property with commercial zoning and residential potential.
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    Similar Nearby for Lease

    • Contact for pricing

      Crossings Plaza Retail Unit

      1200sf unit with reception, offices, and storage.
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      45,000 SF medical office building in western Lake County.
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    • $13 SF/Yr

      Crossings Plaza Retail Space

      1200 SF retail unit in well-maintained strip center.
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      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Crossings Plaza

      1200 SF retail space with existing tenant mix.
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      4,292 SF

      Retail Space Available For Sublease

      4,292 SF retail space for sublease until March 2037.
      2030 E Grand Ave, Lindenhurst, IL 60046
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space in Lake Villa

      Retail space available for lease in Lake Villa, Illinois.
      800 Tower Dr, Lake Villa, IL 60046
      View Details
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    2592 Grand Ave
    Lindenhurst, IL 60046-5915
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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