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Property profile & analytics
OFF-MARKET
Estimated value
$9,170,000
Industrial properties
420 Main St Montgomery, IL 60538-1367
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US28-1976311
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1901
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
240,112 SF
Lot
7.31 ac (318,424 SF)
APN
15-32-226-001
UPID
US28-1976311
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
-
Viking Metal Cabinet Company Metal Fabrication Plant Factory
-
Solution Engineering Group Engineering Consultant Engineer
-
itc experts inc Engineer
-
Lyon, LLC Industrial Manufacturer Production Facility
-
Republic Storage Products LLC Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.17M
Owner & transaction history
420 N Main Montgomery LLC · 13 yrs held
420 N Main Montgomery LLC
since 2013
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 Montgomery submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Montgomery 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$38 / 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
$21,741
Tax year 2022
Assessed value
$270,035
Assessed 2022
Previous assessed
$251,406
+7.4% YoY
Effective rate
8.05%
On assessed value
Assessed land
$221,754
Assessed improvement
$48,281
Land market value
$665,262
Improvement market value
$144,843
Total market value
$810,105
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1901
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
240,112 SF
Lot
7.31 ac (318,424 SF)
APN
15-32-226-001
UPID
US28-1976311
Jurisdiction
KANE
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
1901
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
7.31 ac
Current owner
From public records · entity-resolved
420 N Main Montgomery LLC
Entity
Mailing address
420 N MAIN ST, MONTGOMERY, IL 60538-1367
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2019
—
420 N Main Montgomery De LLC
—
Grant Deed
related
$17,750,000 · Cibc
Nov 2, 2018
—
420 N Main Montgomery De LLC
—
Grant Deed
related
$11,000,000 · Cibc
May 28, 2013
—
420 N Main Montgomery LLC
Lyon Workspace Products LLC
Quit Claim Deed
related
—
Jun 30, 2010
—
Lyon Workspace Products LLC
—
Deed Of Trust
related
$27,330,000 · Capital One Leverage Finance C
Sep 14, 2004
—
Lyon Workspace Products LLC
Lyon Metal Products LLC
Quit Claim Deed
related
—
Aug 30, 2004
—
Lyon Metal Products LLC
—
Deed Of Trust
related
$32,000,000 · Bank One NA
Oct 21, 1997
—
Lyon Metal Products LLC
Lyon Metal Products INC
Quit Claim Deed
related
—
—
—
Lyon Metal Products LLC
—
Deed Of Trust
related
$12,800,000 · Transamerica Business Cr Ttee
—
—
Lyon Workspace Products LLC
—
Deed Of Trust
related
$34,000,000 · North Fork Business Cap Corp
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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