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Property profile & analytics
OFF-MARKET
Estimated value
$1,070,000
Office buildings
2947 Il Rte 83, Mundelein, IL 60060-8005
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US28-1320732
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
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
$1.08M
Blend (final)
Blend
$1.07M
Owner & transaction history
Stenger 29473 INC · 11 yrs held
Stenger 29473 INC
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.4M
+44.4%
Restaurant
$1.4M
+41.0%
Apartment house (5+ units)
$1.1M
+16.6%
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 Mundelein submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mundelein 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$980,000
Current use
AUTO REPAIR, GARAGE
$1,415,000
Change: +44% · Conversion: Difficult
RESTAURANT
$1,380,000
Change: +41% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,145,000
Change: +17% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,125,000
Change: +15% · Conversion: Easy
RETAIL STORES
$1,030,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$1.07M
Range $963k – $1.18M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$132 / SF
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
$21,509
Tax year 2023
Assessed value
$314,926
Assessed 2023
Previous assessed
$247,207
+27.4% YoY
Effective rate
6.83%
On assessed value
Assessed land
$110,710
Assessed improvement
$204,216
Land market value
$332,163
Improvement market value
$612,709
Total market value
$944,872
Applied tax rate
12,041.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1960
Construction
BRICK
Heating
NONE
Total area
8,100 SF
Lot
9.74 ac (424,100 SF)
APN
10-14-300-017
UPID
US28-1320732
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$980,000
AUTO REPAIR, GARAGE
Est. value
$1.4M
RESTAURANT
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1960
Construction
BRICK
Heating
NONE
Lot
9.74 ac
Current owner
From public records · entity-resolved
Stenger 29473 INC
Entity
Mailing address
29473 N IL RTE 83, MUNDELEIN, IL 60060-9542
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2014
$710,000
Stenger 29473 INC
Mundelein 29473 LLC
Grant Deed
$355,000 · Libertyville Bk
Feb 7, 2012
—
Mundelein 29473 LLC
Kamins,michael
Quit Claim Deed
related
—
Jan 11, 2012
$600,000
Michael Kamins
Sonza0-novera Peter C
Grant Deed
related
—
—
—
Peter Sonza-novera SR.
—
Deed Of Trust
related
$100,000 · First Midwest Bank
—
—
Peter C Sonza-novera SR.
—
Deed Of Trust
related
$302,752 · First Midwest Bank
—
—
Peter C Sonza-novera
—
Deed Of Trust
related
$440,000 · At&t Small Business Lending Co
—
—
Stenger 29473 INC
—
Deed Of Trust
related
$295,000 · Small Busn Growth
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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