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

    27 Harris Ave Millbrook, IL 60536-9801

    • Commercial real estate
    • 2,400 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimation
    $115,000
    Last Sale
    Nov 07, 2023
    $109,000
    Location Intelligence
    Property ID
    US28-5823086
    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

    • United States Postal Service / Post Office / Logistics Service

    Property Details for 27 Harris Ave

    Year built
    1930
    Lot size
    0.13 lot acres
    Property size
    2,400 SF
    Zone code
    B-2
    Property type
    Commercial real estate
    APN
    04-16-176-010
    APU
    416176010

    Description

    This exceptional investment opportunity presents a 3,120 square foot mixed-use building situated at 27 Harris Avenue in Millbrook, Illinois. The property boasts two street-level commercial spaces currently occupied by a post office and a landscaping company, generating consistent rental income. A spacious two-bedroom, one-bathroom apartment occupies the second floor, also currently leased. All units are presently occupied, providing immediate cash flow. The commercial tenants' utilities are the responsibility of the landlord. Water and sewage services are provided via a well and septic system for all units. The residential tenant is responsible for their own gas and electric. This property benefits from a recently installed roof (October 2024). A significant improvement has been made with the removal of a tree located at the rear of the property. The property is offered at $155,000 and presents a compelling opportunity for investors seeking a diversified portfolio with strong rental income and minimal maintenance. The location in Millbrook offers convenient access to local amenities and transportation routes. This is a turnkey investment ready for immediate returns. The absence of a land acreage indicates the property is situated on a lot of less than one acre.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $110,000

    • CAP approach

      CAP return
      Estimation
      6%
      $120,000
      6.5%
      $135,000
      7%
      $125,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $130,000
      Geo Method
      $105,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $140,000
      Retail
      $115,000
      Mixed-Use
      $125,000
      Hospitality
      $110,000
      Educational
      $145,000
      Residential Income
      $120,000
      Energy
      $125,000
      Income-Based Land
      $140,000
      Food Service
      $130,000

    Location Insight

    • Map
    • Local Demand
    City
    Millbrook
    County
    Kendall
    State
    Illinois
    Longitude
    -88.5545
    Latitude
    41.599
    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
    $3,081
    $7,586
    $33,768
    $41,354
    -
    $22,758
    $101,304
    $124,062

    Comparable in this City

    • Value Estimation
      $420,000
      4,488 SF

      8241 Millbrook Rd

      COMMERCIAL (GENERAL) • 4,488 SF
      8241 Millbrook Rd, Millbrook, IL 60536-9500
      View Details
    • Value Estimation by Request
      400 SF

      8349 Fox Riv Dr

      COMMERCIAL (GENERAL) • 400 SF
      8349 Fox Riv Dr, Millbrook, IL 60536
      View Details
    • Value Estimation
      $50,000
      0.20 Acres

      Millbrook, IL 60536

      COMMERCIAL (GENERAL) • 0.20 Acres
      Millbrook, IL 60536
      View Details
    • Value Estimation by Request
      0.07 Acres

      Millbrook, IL 60536

      VACANT COMMERCIAL LAND • 0.07 Acres
      Millbrook, IL 60536
      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.
    27 Harris Ave
    Millbrook, IL 60536-9801
    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.