Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    39532 Il Rte 59 Lake Villa, IL 60046-9632
    Back to Search
    Property profile & analytics

    39532 Il Rte 59, Lake Villa, IL 60046-9632

    View on Map
    • Investment properties
    • 1,009 SF
    • 0.52 lot acres
    Off-Market
    Property ID
    US28-1062155
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 39532 Il Rte 59

    Year built
    1926
    Construction
    FRAME
    Lot size
    0.52 lot acres
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    02-30-100-032
    APU
    230100032

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 29, 2026 — 25680 Raska LLC — Deed · related $200k · State Bank
    Jan 16, 2026 $382,500 25680 Raska LLC David D Bloom Revocable Trust Warranty Deed —
    May 8, 2025 — David D Bloom David D Bloom Deed · related —
    Jan 10, 2000 $236,000 David Bloom Cost,john C Grant Deed $177k · Bank Of Waukegan
    — — David Bloom — Deed Of Trust · related $181k · Norstates Bank
    — — David Bloom — Deed Of Trust · related $186k · Bank Of Waukegan

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lake Villa
    County
    Lake
    State
    Illinois
    Longitude
    -88.1157
    Latitude
    42.4375
    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
    2023
    $4,494
    $20,374
    $27,319
    $47,693
    -
    $61,128
    $81,965
    $143,093

    Comparable in this City

    • Value Estimation by Request
      1,040 SF

      38622 Edgewood St

      OFFICE/RESIDENTIAL (MIXED USE)
      38622 Edgewood St, Lake Villa, IL 60046
      View Details
    • Value Estimation by Request
      2,042 SF

      1724 Grand Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      1724 Grand Ave, Lindenhurst, IL 60046-7820
      View Details
    • Value Estimation by Request
      1,008 SF

      36851 Fairfield Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      36851 Fairfield Rd, Lake Villa, IL 60046-8708
      View Details
    • Value Estimation by Request
      970 SF

      18959 Grand Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      18959 Grand Ave, Lake Villa, IL 60046-5902
      View Details
    • Value Estimation by Request
      1,656 SF

      36047 Us Hwy 45

      OFFICE/RESIDENTIAL (MIXED USE)
      36047 Us Hwy 45, Lake Villa, IL 60046-7466
      View Details
    • Value Estimation
      $585,000
      4,040 SF

      38470 Columbia Bay Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      38470 Columbia Bay Rd, Lake Villa, IL 60046-9750
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,128 SF

      Versatile Lindenhurst Property with Warehouse

      Mixed-use property with retail space, warehouse, and redevelopment potential.
      625 Bridgeport Ter, Lindenhurst, IL 60046
      View Details
    • $779,000

      Cedar View Plaza Office Building

      Professional office building with warehouse and ample parking near Metra.
      95 W Grand Ave, Lake Villa, IL 60046
      View Details
    • New
      $487,400
      2.16 Acres

      Versatile Commercial Property on Route 59

      Mixed-use property with commercial zoning and residential potential.
      37733 N Il Route 59, Lake Villa, IL 60046
      View Details
    • Contact for pricing

      Turn-Key Restaurant and Bar Opportunity

      Restaurant and bar in Lake Villa, ready for immediate operations.
      10 W Grand Ave, Lake Villa, IL 60046
      View Details
    • $879,840
      Pending

      31.2 Acres in Lindenhurst, IL

      31.2 acres of agricultural land with development potential.
      19414 W Grand Ave, Lindenhurst, IL 60046
      View Details
    • Contact for pricing

      Lindenhurst Land Parcel For Sale

      29-acre land parcel in Lindenhurst, utilities on site.
      Grand Ave & Deep Lk Rd, Lindenhurst, IL 60046
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr

      Crossings Plaza Retail Space

      1200 SF retail unit in well-maintained strip center.
      300 N Milwaukee Ave, Lake Villa, IL 60046
      View Details
    • Contact for pricing

      Crossings Plaza Retail Unit

      1200sf unit with reception, offices, and storage.
      300 N Milwaukee Ave, Lake Villa, IL 60046
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Crossings Plaza

      1200 SF retail space with existing tenant mix.
      300 N Milwaukee Ave, Lake Villa, IL 60046
      View Details
    • Contact for pricing

      Deluxe Medical Office Building

      45,000 SF medical office building in western Lake County.
      1025 Red Oak Ln, Lindenhurst, IL 60046
      View Details
    • Contact for pricing
      4,292 SF

      Retail Space Available For Sublease

      4,292 SF retail space for sublease until March 2037.
      2030 E Grand Ave, Lindenhurst, IL 60046
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space in Lake Villa

      Retail space available for lease in Lake Villa, Illinois.
      800 Tower Dr, Lake Villa, IL 60046
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    39532 Il Rte 59
    Lake Villa, IL 60046-9632
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    39532 Il Rte 59, Lake Villa, IL, 60046
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!