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Property profile & analytics
OFF-MARKET
Estimated value
$11,710,000
Retail space
2999 Waukegan Rd Bannockburn, IL 60015-1538
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US28-0963824
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2017
Construction
BRICK
Total area
74,599 SF
Lot
9.05 ac (394,044 SF)
APN
16-17-300-031
UPID
US28-0963824
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
Current use
Occupant on record · Public records
-
Mariano's Grocery & Convenience Store Food Market
-
Mariano's Pharmacy Pharmacy
-
Starbucks Cafe & Coffee Shop
-
Coinstar Kiosk | Bitcoin ATM Atm Currency Exchange Service
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.74M
Comparable Approach
Comparable
$16.24M
Blend (final)
Blend
$11.71M
Owner & transaction history
Realty Income Illinois Props 1 · 8 yrs held
Realty Income Illinois Props 1
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$13.5M
+42.7%
Auto repair, garage
$13.0M
+37.4%
Restaurant
$12.7M
+34.1%
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 Bannockburn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bannockburn 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%
$12,715,000
6.5%
$11,735,000
7%
$10,900,000
Alternative Use
Use
Estimation
RETAIL STORES
$9,490,000
Current use
COMMERCIAL (GENERAL)
$13,535,000
Change: +43% · Conversion: Easy
AUTO REPAIR, GARAGE
$13,040,000
Change: +37% · Conversion: Difficult
RESTAURANT
$12,725,000
Change: +34% · Conversion: Easy
OFFICE BUILDING
$9,030,000
Change: -5% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$8,350,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$11.71M
Range $10.54M – $12.88M · ±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
$157 / 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
$433,645
Tax year 2023
Assessed value
$6,031,944
Assessed 2023
Previous assessed
$5,812,937
+3.8% YoY
Effective rate
7.19%
On assessed value
Assessed land
$1,481,476
Assessed improvement
$4,550,468
Land market value
$4,444,872
Improvement market value
$13,652,769
Total market value
$18,097,641
Applied tax rate
17,039.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2017
Construction
BRICK
Heating
NONE
Total area
74,599 SF
Lot
9.05 ac (394,044 SF)
APN
16-17-300-031
UPID
US28-0963824
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
RETAIL STORES Current
Est. value
$9.5M
COMMERCIAL (GENERAL)
Est. value
$13.5M
AUTO REPAIR, GARAGE
Est. value
$13.0M
RESTAURANT
Est. value
$12.7M
OFFICE BUILDING
Est. value
$9.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.4M
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2017
Construction
BRICK
Heating
NONE
Lot
9.05 ac
Current owner
From public records · entity-resolved
Realty Income Illinois Props 1
Entity
Mailing address
1014 VINE ST #7, CINCINNATI, OH 45202-1141
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2018
$41,800,000
Realty Income Illinois Props 1
Continental Beeson Corner LLC
Grant Deed
—
Jul 15, 2016
$6,736,929
Continental Beeson Corner LLC
Trust 126587
Grant Deed
—
May 16, 2005
—
Trust 126587
—
Trustees Deed
related
$800,000 · State Financial Bank
Nov 12, 2002
—
Lasalle Bank NA Ttee
—
Deed Of Trust
related
$3,750,000 · Amcore Bank
Oct 25, 2000
$2,500,000
Lasalle Bank NA Trustee
Beeson Trust
Grant Deed
related
$2,750,000 · Associated Bank
—
—
Trust 126587
—
Deed Of Trust
related
$1,500,000 · Amcore Bank
—
—
Lasalle Bank NA Ttee
—
Deed Of Trust
related
$500,000 · Amcore Bank
—
—
Lasalle Bank NA Ttee
—
Deed Of Trust
related
$3,750,000 · Amcore Bank
—
—
Trust 126587
—
Deed Of Trust
related
$1,975,000 · Small Business Growth Corp
—
—
Trust 126587
—
Deed Of Trust
related
$250,000 · Amcore Bank
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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