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Property profile & analytics
OFF-MARKET
Estimated value
$5,275,000
Turn key restaurants
3335 Sheridan Rd, Zion, IL 60099-3660
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US28-0795173
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2005
Construction
STEEL FRAME
Total area
4,333 SF
Lot
1.02 ac (44,431 SF)
APN
04-27-304-003
UPID
US28-0795173
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.48M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.28M
Owner & transaction history
Merch Network Three LLC · 3 yrs held
Merch Network Three LLC
since 2022
Last sale
$5.1M
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 Zion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Zion 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
$5,420,000
ML approach
$5,475,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.28M
Range $4.75M – $5.80M · ±10% · vs last sale $5.10M (Dec 5 2022)
Last sale anchor
$5.10M
Dec 5 2022
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
$1,217 / 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
$41,772
Tax year 2023
Assessed value
$410,445
Assessed 2023
Previous assessed
$320,155
+28.2% YoY
Effective rate
10.18%
On assessed value
Assessed land
$89,772
Assessed improvement
$320,673
Land market value
$269,343
Improvement market value
$962,115
Total market value
$1,231,458
Applied tax rate
2,016.0000
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
Off-Market
Year built
2005
Construction
STEEL FRAME
Heating
NONE
Total area
4,333 SF
Lot
1.02 ac (44,431 SF)
APN
04-27-304-003
UPID
US28-0795173
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
2005
Construction
STEEL FRAME
Heating
NONE
Lot
1.02 ac
Current owner
From public records · entity-resolved
Merch Network Three LLC
Entity
Mailing address
3330 SHERIDAN RD, ZION, IL 60099-3661
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2022
—
Merch Network Three LLC
—
Deed
related
$1,941,000 · Small Business Growth Corporation
Dec 5, 2022
$5,100,000
Merch Network Three LLC
Tdwr LLC
Special Warranty Deed
$2,710,000 · Bank Five Nine
Dec 5, 2022
—
Merch Network Three LLC
—
Deed
related
$335,000 · Bank Five Nine
Apr 11, 2017
—
Tdwr LLC
—
Deed
related
$775,837 · Bmo Harris Bk NA
Jun 5, 2009
$980,000
Tdwr LLC
Rlc Group LLC
Warranty Deed
$750,000 · M & I Marshall & Ilsley Bank
May 5, 2003
—
Zion City (il)
Zion Plaza LLC
Quit Claim Deed
related
$200,000 · Zion Plaza LLC
—
—
Rlc Group LLC
—
Deed Of Trust
related
$1,200,000 · Freedom Bank
—
—
Tdwr LLC
—
Loan Modification
related
$775,837 · Bmo Harris Bk NA
—
—
Rlc Group LLC
—
Deed Of Trust
related
$50,000 · Elizabeth St Bank
—
—
Rlc Group LLC
—
Deed Of Trust
related
$900,000 · Elizabeth St Bank
—
—
Rlc Group LLC
—
Deed Of Trust
related
$75,000 · Elizabeth St Bank
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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