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Property profile & analytics
FOR SALE
Turn key restaurants
310 E State Rd, Island Lake, IL 60042
Individually Owned
17-yr Hold
~
Est. High Equity
Property ID
US28-1302412
For Sale
1 / 4
$750,000
310 E State Rd, Island Lake, IL 60042
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1964
Construction
BRICK
Total area
5,560 SF
Lot
0.17 ac (7,362 SF)
APN
09-21-320-024
UPID
US28-1302412
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
-
Island Lake Cafe Restaurant
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
Agim Saliu · 17 yrs held
Agim Saliu
since 2009
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 Island Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Island Lake 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 2023Property tax & assessments
Tax year 2023
Tax billed
$13,384
Tax year 2023
Assessed value
$147,950
Assessed 2023
Previous assessed
$138,039
+7.2% YoY
Effective rate
9.05%
On assessed value
Assessed land
$19,304
Assessed improvement
$128,646
Land market value
$57,918
Improvement market value
$385,977
Total market value
$443,895
Applied tax rate
13,003.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
1964
Construction
BRICK
Heating
NONE
Total area
5,560 SF
Lot
0.17 ac (7,362 SF)
APN
09-21-320-024
UPID
US28-1302412
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
Building & site characteristics
From public records
Year built
1964
Construction
BRICK
Heating
NONE
Lot
0.17 ac
Current owner
From public records · entity-resolved
Agim Saliu
Individual
Mailing address
2474 SPG HL WAY, ONALASKA, WI 54650-8249
Ownership since
2009
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
Nov 1, 2016
—
Agim Saliu
—
Deed
related
$456,000 · Citizens St Bk/la Crosse
Jun 30, 2009
$375,000
Agim Saliu
Djavit Saliu
Warranty Deed
related
$375,000 · Citizens First National Bank
Jun 19, 2000
$475,000
Djavit Saliu
Keres,andrew & Vasiliki
Grant Deed
$262,500 · Plaza Bank NA
—
—
Agim Saliu
—
Deed Of Trust
related
$354,759 · Heartland Bank
—
—
Djavit Saliu
—
Deed Of Trust
related
$219,000 · Somercor 504 INC
—
—
Agim Saliu
—
Loan Modification
related
$280,883 · Heartland Bk
—
—
Agim Saliu
—
Deed Of Trust
related
$456,000 · Citizens St Bk/la Crosse
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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