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Property profile & analytics
OFF-MARKET
Estimated value
$12,285,000
Retail space
320 Damen Ave, Chicago, IL 60612-2470
Individually Owned
~
Est. High Equity
Property ID
US28-1206862
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1894
Total area
129,400 SF
Lot
0.36 ac (15,527 SF)
APN
17-07-307-002
UPID
US28-1206862
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
-
S & S Industrial Sewing Inc Plumbing Service General Contractor
-
Daufenbach Camera (Bike/Boat/Book/etc) Store Rental Equipment Company
-
Industrial Council of Nearwest Chicago (ICNC) Business Service Center Corporate Office
-
ASTOR & BANKS Production Facility
-
In3 Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.64M
Blend (final)
Blend
$12.29M
Owner & transaction history
Industrial Council Of Nearwest Chic
Industrial Council Of Nearwest Chic
since 2025
5 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 Chicago submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chicago 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$19,900,000
Current use
OFFICE BUILDING
$17,430,000
Change: -12% · Conversion: Easy
INDUSTRIAL (GENERAL)
$16,815,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$12.29M
Range $11.06M – $13.51M · ±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
$95 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$60,137
Tax year 2022
Assessed value
$291,386
Assessed 2022
Previous assessed
$291,386
+0.0% YoY
Effective rate
20.64%
On assessed value
Assessed land
$40,758
Assessed improvement
$250,628
Land market value
$163,032
Improvement market value
$1,002,512
Total market value
$1,165,544
Applied tax rate
77,106.0000
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
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1894
Heating
NONE
Stories
4
Total area
129,400 SF
Lot
0.36 ac (15,527 SF)
APN
17-07-307-002
UPID
US28-1206862
Jurisdiction
COOK
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL 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
$19.9M
OFFICE BUILDING
Est. value
$17.4M
INDUSTRIAL (GENERAL)
Est. value
$16.8M
RETAIL STORES Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
1894
Heating
NONE
Stories
4
Lot
0.36 ac
Current owner
From public records · entity-resolved
Industrial Council Of Nearwest Chic
Individual
Mailing address
320 N DAMEN AVE, CHICAGO, IL 60612-2470
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Dec 2, 2025
—
Industrial Council Of Nearwest Chic
—
Deed
related
$2,000,000 · Score Sub Cde 40 LLC
Oct 4, 2018
—
Industrial Council Of Nearwest
—
Grant Deed
related
$3,586,114 · Mb Fin'l Bk
Mar 15, 2011
—
Industrial Council Of Nearwest Ch
—
Deed Of Trust
related
$2,800,000 · American Chartered Bank
Jul 24, 2002
—
Industrial Council Of Nearwest
—
Deed Of Trust
related
$3,250,000 · Community Bank Ravenswood
—
—
Industrial Council Of Nearwest
—
Deed Of Trust
related
$500,000 · Mb Fin'l 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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