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    Property profile & analytics

    450 Pr Ave Calumet City, IL 60409-2188

    • Retail space
    • 0.11 lot acres
    OFF-MARKET
    Value Estimation
    $615,000
    Last Sale
    May 02, 2023
    $620,000
    Location Intelligence
    Property ID
    US28-2815337
    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.

    Current Use by Public Records

    • First Metropolitan Mortgage / Mortgage Lender
    • YOUTH MENTORING PROGRAMS / Association / Organization
    • Chicago Health Care Services / Social Services Organization / Professional Services
    • KT & J Movers / Mover
    • Millennium Construction / Concrete Contractor

    Property Details for 450 Pr Ave

    Year built
    1972
    Lot size
    0.11 lot acres
    Property type
    Retail space
    APN
    29-12-125-020
    APU
    2912125020

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $585,000

    • CAP approach

      CAP return
      Estimation
      6%
      $765,000
      6.5%
      $700,000
      7%
      $690,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $620,000
      Geo Method
      $605,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $595,000
      Retail
      $625,000
      Mixed-Use
      $705,000
      Hospitality
      $645,000
      Educational
      $675,000
      Residential Income
      $740,000
      Energy
      $685,000
      Income-Based Land
      $715,000
      Food Service
      $680,000

    Location Insight

    • Map
    • Local Demand
    City
    Calumet City
    County
    Cook
    State
    Illinois
    Longitude
    -87.5763
    Latitude
    41.6235
    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
    2022
    $14,377
    $7,380
    $10,782
    $18,162
    -
    $29,520
    $43,128
    $72,648

    Comparable in this City

    • Value Estimation by Request
      0.09 Acres

      20 Pulaski Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.09 Acres
      20 Pulaski Rd, Calumet City, IL 60409-4202
      View Details
    • Value Estimation by Request
      1.16 Acres

      1455 Ring Rd

      RETAIL STORES (PERSONAL SERVICES) • 1.16 Acres
      1455 Ring Rd, Calumet City, IL 60409-5413
      View Details
    • Value Estimation by Request
      0.07 Acres

      773 147th St

      RETAIL STORES (PERSONAL SERVICES) • 0.07 Acres
      773 147th St, Calumet City, IL 60409
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    • Value Estimation by Request
      0.07 Acres

      31 154th Pl

      RETAIL STORES (PERSONAL SERVICES) • 0.07 Acres
      31 154th Pl, Calumet City, IL 60409-4601
      View Details
    • Value Estimation by Request
      0.35 Acres

      547 155th Pl

      RETAIL STORES (PERSONAL SERVICES) • 0.35 Acres
      547 155th Pl, Calumet City, IL 60409-4517
      View Details
    • Value Estimation by Request
      0.07 Acres

      1001 Burnham Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.07 Acres
      1001 Burnham Ave, Calumet City, IL 60409-5111
      View Details

    Similar Nearby for Sale

    • $950,000
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      Calumet City Retail Property

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    • $194,500
      0.10 Acres

      Renovated Mixed-Use Investment Property

      Fully renovated mixed-use property with commercial space and rental income.
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    • $150,000
      0.11 Acres

      Mixed-Use Building in Calumet City

      Mixed-use property with storefront and residential units for sale.
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    Similar Nearby for Lease

    • $15 SF/Yr
      900 SF

      Retail Space on Sibley Blvd

      Retail space for lease with high traffic exposure.
      1555 Sibley Blvd, Calumet City, IL 60409
      View Details
    • $18 SF/Yr
      1,200 SF

      Retail Space Near Memorial Park

      Retail space available across from Memorial Park with competitive rates.
      611-625 Wentworth Ave, Calumet City, IL 60409
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    • Contact for pricing
      2,360 SF

      Retail Space in River Oaks

      Retail space available in a high-traffic shopping center.
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    • Contact for pricing
      1,330 SF

      Retail Space in River Oaks

      Retail space in the heart of the River Oaks trade area.
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    • Contact for pricing

      Calumet City Retail Space Available

      Open retail space in Calumet City with high visibility.
      1688 Dolton Rd, Calumet City, IL 60409
      View Details
    • Contact for pricing
      66,000 SF

      River Oaks Mall Anchor Space

      66,000 SF Retail Space, Prime Location
      145 River Oaks Center Dr, Calumet City, IL 60409
      View Details
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    450 Pr Ave
    Calumet City, IL 60409-2188
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    Realmo Value Estimation

    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.

    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.

    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
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