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Property profile & analytics
OFF-MARKET
Commercial real estate
29 Nn St, Park Forest, IL 60466-1203
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-0402863
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1984
Lot
0.74 ac (32,275 SF)
APN
31-25-208-005
UPID
US28-0402863
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
Village Of Park Forest · 2 yrs held
Village Of Park Forest
since 2024
Last sale
$175,000
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 Park Forest submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Park Forest 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 2022Property tax & assessments
Tax year 2022
Tax billed
$101,045
Tax year 2022
Assessed value
$75,145
Assessed 2022
Previous assessed
$75,145
+0.0% YoY
Effective rate
134.47%
On assessed value
Assessed land
$28,240
Assessed improvement
$46,905
Land market value
$112,960
Improvement market value
$187,620
Total market value
$300,580
Applied tax rate
32,021.0000
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
1984
Heating
NONE
Lot
0.74 ac (32,275 SF)
APN
31-25-208-005
UPID
US28-0402863
Jurisdiction
COOK
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL 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
1984
Heating
NONE
Lot
0.74 ac
Current owner
From public records · entity-resolved
Village Of Park Forest
Individual
Mailing address
350 VICTORY DR, PARK FOREST, IL 60466-2003
Ownership since
2024
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, 2024
—
Village Of Park Forest
Circuit Court Of Cook
Legal Action/court Order
related
—
Jan 22, 2018
—
Top Quality LLC
Fernandes,jeffrey C
Quit Claim Deed
related
—
Nov 30, 2010
$175,000
Jeffrey C Fernandes
Trust 2002-1
Grant Deed
$450,000 · International Bank Of Chicago
Mar 1, 2002
$380,000
International Bank Chgo Ttee
Suburban Bank & Trust Co Ttee
Grant Deed
related
$285,000 · International Bank Of Chicago
—
—
Matteson Richton Bank Trustee
—
Deed Of Trust
related
$130,000 · First National Bank Illinois
—
—
Trust 2002-1
—
Deed Of Trust
related
$400,000 · International Bank Of Chicago
—
—
Trust 2002-1
—
Deed Of Trust
related
$725,000 · International Bank Of Chicago
—
—
International Bk Chicago Ttee
—
Deed Of Trust
related
$282,000 · International Bank Of Chicago
—
—
Trust 2002-1
—
Deed Of Trust
related
$90,000 · International Bank Of Chicago
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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