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Property profile & analytics
FOR LEASE
Office buildings
3025 Highland Pkwy, Downers Grove, IL 60515
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-1765727
For Lease
1 / 2
Contact for pricing
3025 Highland Pkwy, Downers Grove, IL 60515
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Total area
299,435 SF
Lot
11.16 ac (486,130 SF)
Zoning code
C
APN
06-29-403-035
UPID
US28-1765727
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
-
Sevan Multi-Site Solutions Construction Company
-
Freedom Solutions Group LLC (Bike/Boat/Book/etc) Store Corporate Office
-
Scheyer Austin IT Consulting Firm (Bike/Boat/Book/etc) Store
-
HR Source Employment Agency Business Service Center
-
UBM Aviation Worldwide LLC Travel Agency Freight Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$67.76M
Comparable Approach
Comparable
$67.44M
Blend (final)
Blend
$55.33M
Owner & transaction history
Highland Landmark Properties LLC · 4 yrs held
Highland Landmark Properties LLC
since 2022
Last sale
$51.5M
5 recorded transactions
Zoning & alternative use
C · Downers Grove, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$73.9M
+37.7%
Medical building
$67.5M
+25.7%
Retail stores
$64.5M
+20.2%
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 Downers Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Downers Grove 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
$59,810,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$73,400,000
6.5%
$67,755,000
7%
$62,915,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$53,670,000
Current use
COMMERCIAL (GENERAL)
$73,910,000
Change: +38% · Conversion: Easy
MEDICAL BUILDING
$67,450,000
Change: +26% · Conversion: Easy
RETAIL STORES
$64,520,000
Change: +20% · Conversion: Moderate
Blend value · Realmo final
$55.33M
Range $49.80M – $60.86M · ±10% · vs last sale $51.50M (Jan 19 2022)
Last sale anchor
$51.50M
Jan 19 2022
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
$185 / 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
$850,858
Tax year 2023
Assessed value
$14,294,130
Assessed 2023
Previous assessed
$13,603,090
+5.1% YoY
Effective rate
5.95%
On assessed value
Assessed land
$1,453,500
Assessed improvement
$12,840,630
Land market value
$4,360,500
Improvement market value
$38,521,890
Total market value
$42,882,390
Applied tax rate
6,123.0000
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
For Lease
Year built
1998
Heating
NONE
Total area
299,435 SF
Lot
11.16 ac (486,130 SF)
Zoning code
C
APN
06-29-403-035
UPID
US28-1765727
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Downers Grove, IL
Zoning C · permitted uses
C · Downers Grove, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Downers Grove. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$53.7M
COMMERCIAL (GENERAL)
Est. value
$73.9M
MEDICAL BUILDING
Est. value
$67.5M
RETAIL STORES
Est. value
$64.5M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1998
Heating
NONE
Lot
11.16 ac
Current owner
From public records · entity-resolved
Highland Landmark Properties LLC
Entity
Mailing address
1140 AVE OF THE AMERICAS DR, NEW YORK, NY 10036-5803
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 20, 2022
—
Liberty 3025 Highland LLC
—
Deed
related
$32,250,000 · Bank Of New Hampshire
Jan 19, 2022
$51,500,000
Highland Landmark Properties LLC
James Campbell Company LLC
Special Warranty Deed
$23,000,000 · Umb Bank NA
Jan 19, 2022
—
Liberty 3025 Highland LLC
Highland Landmark Properties LLC
Ground Lease
related
—
Sep 5, 2014
$62,000,000
Jcc 3025 Highland Parkway LLC
Gll Bvk Properties 2007 LP
Grant Deed
$62,000,000 · Private Individual
Apr 10, 2007
—
Gll Bvk Properties 2007
Deka Immobilien Inv Gmbh
Grant Deed
$15,000,000 · Bayerische Landesbank
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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