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Property profile & analytics
OFF-MARKET
Estimated value
$2,760,000
Retail space
3207 Buckley Rd, North Chicago, IL 60064-3449
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US28-1820887
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1962
Construction
BRICK
Total area
16,816 SF
Lot
3.18 ac (138,521 SF)
APN
12-07-101-005
UPID
US28-1820887
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
-
Red roof inN Hotel & Motel
-
Red Carpet Inn North Chicago, IL Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.65M
Comparable Approach
Comparable
$3.66M
Blend (final)
Blend
$2.76M
Owner & transaction history
Mh Hospitality INC · 8 yrs held
Mh Hospitality INC
since 2017
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.1M
+42.7%
Auto repair, garage
$2.9M
+37.4%
Restaurant
$2.9M
+34.1%
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 North Chicago submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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%
$2,865,000
6.5%
$2,645,000
7%
$2,455,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,140,000
Current use
COMMERCIAL (GENERAL)
$3,050,000
Change: +43% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,940,000
Change: +37% · Conversion: Difficult
RESTAURANT
$2,870,000
Change: +34% · Conversion: Easy
OFFICE BUILDING
$2,035,000
Change: -5% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,880,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$2.76M
Range $2.48M – $3.04M · ±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
$164 / 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
$66,881
Tax year 2023
Assessed value
$581,765
Assessed 2023
Previous assessed
$480,384
+21.1% YoY
Effective rate
11.50%
On assessed value
Assessed land
$251,834
Assessed improvement
$329,931
Land market value
$755,578
Improvement market value
$989,892
Total market value
$1,745,470
Applied tax rate
10,063.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1962
Construction
BRICK
Heating
NONE
Buildings
5
Total area
16,816 SF
Lot
3.18 ac (138,521 SF)
APN
12-07-101-005
UPID
US28-1820887
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$2.9M
RESTAURANT
Est. value
$2.9M
OFFICE BUILDING
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1962
Construction
BRICK
Heating
NONE
Buildings
5
Lot
3.18 ac
Current owner
From public records · entity-resolved
Mh Hospitality INC
Entity
Mailing address
850 E HIGGINS RD STE 125X, SCHAUMBURG, IL 60173-4788
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2017
$2,595,000
Mh Hospitality INC
Akshar Varni Motels INC
Special Warranty Deed
$2,076,000 · Millennium Bank
Apr 5, 2013
$1,100,000
Akshar Varni Motels INC
Mccormick 107 LLC
Grant Deed
$1,800,000 · Grinnell State Bank
Apr 5, 2013
—
Mccormick 107 LLC
Sheriff Of Lake County
Trustees Deed
related
—
—
—
Trust 97-7368
—
Deed Of Trust
related
$2,400,000 · Bank Financial Fsb
—
—
Cole Taylor Bank Trustee
—
Deed Of Trust
related
$300,000 · Success National Bank
—
—
Cole Taylor Bank Trustee
—
Deed Of Trust
related
$50,000 · Bank Financial Fsb
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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