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Property profile & analytics
OFF-MARKET
Commercial real estate
278 Grand Ave Fox Lake, IL 60020-1686
Individually Owned
5-yr Hold
Property ID
US28-5879692
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1945
Total area
1,980 SF
Lot
0.67 ac (29,185 SF)
APN
05-11-100-020
UPID
US28-5879692
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
John Burgess · 5 yrs held
John Burgess
since 2021
Last sale
$142,500
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fox Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fox Lake submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$11,144
Tax year 2023
Assessed value
$126,187
Assessed 2023
Previous assessed
$127,384
-0.9% YoY
Effective rate
8.83%
On assessed value
Assessed land
$34,667
Assessed improvement
$91,520
Land market value
$104,011
Improvement market value
$274,587
Total market value
$378,598
Applied tax rate
6,068.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1945
Heating
NONE
Stories
2
Bathrooms
2
Total area
1,980 SF
Lot
0.67 ac (29,185 SF)
APN
05-11-100-020
UPID
US28-5879692
Jurisdiction
LAKE
Metro division
LAKE COUNTY-KENOSHA COUNTY, IL-WI METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1945
Heating
NONE
Stories
2
Bathrooms
2
Lot
0.67 ac
Current owner
From public records · entity-resolved
John Burgess
Individual
Mailing address
614 E GRAND AVE, FOX LAKE, IL 60020-1661
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2021
—
John Burgess
Carol Burgess
Intrafamily Transfer
related
—
May 17, 2018
—
John R Burgess
—
Deed
related
$787,800 · Consumers Cooperative Cu
Apr 28, 2017
$142,500
John Burgess
Burgess,carol
Quit Claim Deed
related
—
Jul 31, 2015
$142,500
Carol Burgess
Szczepaniak,frank & Susan
Warranty Deed
—
May 14, 2003
$210,000
Frank Szczepaniak
Schuhknecht,vincent H
Grant Deed
—
Mar 4, 2002
—
Vincent H Orellano
Schuhknecht,vincent H
Quit Claim Deed
related
$119,700 · National City Mortgage Service
Mar 3, 1999
$146,000
Warren J Moulis
Kohon,lawrence
Grant Deed
$146,000 · National City Bank Michigan
—
—
Lawrence Kohon
—
Deed Of Trust
related
$110,000 · Westamerica Mortgage Co
—
—
John R Burgess
—
Deed Of Trust
related
$787,800 · Consumers Cooperative Cu
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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