Property profile

2947 Il Rte 83 Mundelein, IL 60060

OFF-MARKET
Office buildings
Property ID
US28-1320732
8,100 SF 9.74 ac lot Built 1960
Entity Owned 11-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1960
Construction BRICK
Total area 8,100 SF
Lot 9.74 ac (424,100 SF)
APN 10-14-300-017
UPID US28-1320732

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2947 Il Rte 83 Mundelein, IL 60060-8005
Mundelein metro Census 864105 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.08M
Blend (final) Blend
$385k

Owner & transaction history

since 2014
7 recorded transactions
2014
$710,000
2012
Price N/A
2012
$600,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $1.4M +44.4%
Restaurant $1.4M +41.0%
Apartment house (5+ units) $1.1M +16.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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