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Financial
Distress signals
Property profile

424 S Schmale Rd Carol Stream, IL 60188

FOR SALE
Drive through restaurants
Property ID
US28-2219733
2,925 SF 1 ac lot Built 1984
Last sale Dec 2013 · $819,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 4,200 square foot retail property presents a compelling infill opportunity within an established Carol Stream market. Located at the intersection of Schmale Road and Main Place, the site boasts significant visibility with 350 feet of frontage along Schmale Road. The property is configured for single-tenant occupancy and offers significant advantages for businesses requiring drive-thru capabilities. An approved curb cut on Schmale Road ensures convenient access for customers.…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$17k
Tax billed · 2023
Assessed value$229k
Assessed land$158k
Assessed improvement$71k
Effective rate7.26%

Value estimate

· Oct 2026
$335k
$302k – $369k
AI approach$335k
NOI build-up
Gross scheduled income$73k
Vacancy & credit loss−$5k
Operating expenses−$17k
NOI · 1.89% cap applied$51k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$311/SF
County average, outlier-cleaned · 84 recorded sales of this use type
Observed band · Q1–Q3$185 – $497

Cap rate analysis

How does the asset earn?
1.89%
$51k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C
JurisdictionDU PAGE

Location intelligence

Which uses thrive at this corner?
Best fit: Bakery
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Bakery9.8
Convenience Store9.0
Accounting Firm8.9

Location

424 S Schmale Rd Carol Stream, IL 60188
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
506 Schmale, Carol Stream, IL 60188-2419 $2,130,000 Jul 2024 3,402 SF
106 Wn, Carol Stream, IL 60188-2002 $1,175,000 Oct 2022 2,838 SF
414 Schmale, Carol Stream, IL 60188-2417 $1,000,000 Oct 2022 4,352 SF
441 Geneva, Carol Stream, IL 60188-2460 $1,714,000 Sep 2021 2,446 SF
855 Geneva, Carol Stream, IL 60188-2807 $700,000 May 2021 2,989 SF
110 Wn, Carol Stream, IL 60188-2002 $5,000 May 2019 2,744 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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