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Property profile & analytics
OFF-MARKET
Commercial land
310 State Rd, Island Lake, IL 60042-9527
Individually Owned
17-yr Hold
~
Est. High Equity
Property ID
US28-2416877
Property summary
AI-generated overview
This fee-simple retail property offers a compelling investment opportunity. The 4,943 square-foot Island Lake Cafe, located at 310 E State Rd, Island Lake, IL 60042, is situated on a 0.63-acre lot and benefits from a strong location on Illinois Route 176, a primary retail thoroughfare. The single-story, 1964-built building is currently 100% occupied under a Net Lease agreement with a remaining term of approximately 4.3 years (expiring 02/28/2029
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.11 ac (4,988 SF)
APN
09-21-320-002
UPID
US28-2416877
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
$1,183
Tax year 2023
Assessed value
$13,083
Assessed 2023
Previous assessed
$12,207
+7.2% YoY
Effective rate
9.04%
On assessed value
Assessed land
$13,083
Land market value
$39,253
Total market value
$39,253
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.11 ac (4,988 SF)
APN
09-21-320-002
UPID
US28-2416877
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
Heating
NONE
Lot
0.11 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
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
—
—
Djavit Saliu
—
Deed Of Trust
related
$33,000 · Campion Corp
—
—
Agim Saliu
—
Deed Of Trust
related
$456,000 · Citizens St Bk/la Crosse
—
—
Agim Saliu
—
Loan Modification
related
$280,883 · Heartland Bk
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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