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Property profile & analytics
OFF-MARKET
Estimated value
$1,085,000
Commercial real estate
400 Frontage Rd, Shorewood, IL 60404-3566
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-3449384
Property summary
AI-generated overview
This exceptional outdoor secured storage facility, located at 400 NE Frontage Rd in Shorewood, IL 60404, offers a variety of spaces to suit your needs. The property encompasses a total of 2,000 square feet, divided into 20 individual units. Units range in size from a minimum of 200 square feet, providing flexibility for various storage requirements. The facility is ideally suited for businesses needing secure storage for vehicles, equipment, or materials. Its convenient location right off I-55 ensures easy access and transportation. The property is monitored for enhanced security, providing peace of mind for your valuable assets. This is a perfect solution for contractors, landscapers, utility service businesses, or anyone requiring safe and reliable outdoor storage. Currently, one space is immediately available. The property is classified as Industrial, Land, and Special Purpose, with a multi-tenant occupancy. Contact us today to learn more about available units and lease terms.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1980
Construction
FRAME
Total area
5,460 SF
Lot
0.64 ac (27,878 SF)
APN
05-06-10-402-115
UPID
US28-3449384
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
$1.11M
CAP Approach
CAP
$1.01M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.09M
Owner & transaction history
Ajd Holdings LLC · 4 yrs held
Ajd Holdings LLC
since 2022
Last sale
$1.1M
2 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 Shorewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shorewood 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
$1,055,000
ML approach
$1,110,000
CAP Approach
CAP Return
Estimation
6%
$1,085,000
6.5%
$1,005,000
7%
$930,000
Blend value · Realmo final
$1.09M
Range $977k – $1.19M · ±10% · vs last sale $1.13M (Apr 26 2022)
Last sale anchor
$1.13M
Apr 26 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
$199 / 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
$6,086
Tax year 2023
Assessed value
$70,545
Assessed 2023
Previous assessed
$70,545
+0.0% YoY
Effective rate
8.63%
On assessed value
Assessed land
$27,392
Assessed improvement
$43,153
Land market value
$82,176
Improvement market value
$129,459
Total market value
$211,635
Applied tax rate
552.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1980
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Total area
5,460 SF
Lot
0.64 ac (27,878 SF)
APN
05-06-10-402-115
UPID
US28-3449384
Jurisdiction
WILL
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
Building & site characteristics
From public records
Year built
1980
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Lot
0.64 ac
Current owner
From public records · entity-resolved
Ajd Holdings LLC
Entity
Mailing address
1406 E GARTNER RD, NAPERVILLE, IL 60540-8266
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2022
$1,125,000
Ajd Holdings LLC
Arlis Real Estate LLC
Warranty Deed
$843,750 · Republic Bank Of Chicago
Sep 25, 2008
$703,000
Arlis Real Estate LLC
Wever,klaus D
Warranty Deed
—
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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