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    Property profile & analytics

    3115 Rdg Rd Lansing, IL 60438-3067

    • Motels
    • 3.14 lot acres
    OFF-MARKET
    Value Estimation
    $900,000
    Last Sale
    Sep 24, 2024
    Location Intelligence
    Property ID
    US28-2657532
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Chase Bank / Bank / Atm
    • Chase Mortgage / Mortgage Lender
    • Amazon Locker - Rivas / Mailing Service / E-Commerce Service
    • FedEx Drop Box / Mailing Service
    • Chase ATM / Atm

    Property Details for 3115 Rdg Rd

    Year built
    1973
    Lot size
    3.14 lot acres
    Property type
    Motels
    APN
    29-25-405-014
    APU
    2925405014

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Cook
    State
    Illinois
    Longitude
    -87.5604
    Latitude
    41.5756
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $149,034
    $193,153
    $36,162
    $229,315
    -
    $772,612
    $144,648
    $917,260

    Comparable in this City

    • Value Estimation by Request
      0.49 Acres

      17356 Torrence Ave

      MOTEL • 0.49 Acres
      17356 Torrence Ave, Lansing, IL 60438-6020
      View Details
    • Value Estimation
      $4,500,000
      1.11 Acres

      2255 173rd St

      MOTEL • 1.11 Acres
      2255 173rd St, Lansing, IL 60438-6007
      View Details
    • Value Estimation
      $405,000
      0.90 Acres

      2455 Bernice Rd

      MOTEL • 0.90 Acres
      2455 Bernice Rd, Lansing, IL 60438-1055
      View Details
    • Value Estimation
      $720,000
      2.48 Acres

      17301 Oak Ave

      MOTEL • 2.48 Acres
      17301 Oak Ave, Lansing, IL 60438-1038
      View Details
    • Value Estimation
      $880,000
      2.52 Acres

      17215 Gln Oak Ave

      MOTEL • 2.52 Acres
      17215 Gln Oak Ave, Lansing, IL 60438
      View Details
    • Value Estimation by Request
      936 SF

      2151 Bernice Rd

      MOTEL • 936 SF
      2151 Bernice Rd, Lansing, IL 60438-1005
      View Details

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    Similar Nearby for Lease

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    3115 Rdg Rd
    Lansing, IL 60438-3067
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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