New search
Property profile & analytics
OFF-MARKET
Commercial land
450 Spruce St, Manteno, IL 60950-9416
Individually Owned
Absentee Owner
Free & Clear
Property ID
US28-3662927
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
APN
03-02-21-192-013
UPID
US28-3662927
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
-
JFB Off Road Auto Repair Shop Vehicle Inspection Center
-
J&P Customs, LLC General Contractor Renovation Specialist
-
Stock pile inc. Carpet & Flooring Store Hardware & Home Improvement
-
Loudspeakers Plus Distribution Center Logistics Company
-
Horton Emergency Vehicles Ambulance Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Donald G Lagerstrom And Pamela J Lagerstrom T
Donald G Lagerstrom And Pamela J Lagerstrom T
since 2026
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 Manteno submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manteno 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
—
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
Assessed value
$1.00
Assessed 2023
Previous assessed
$1.00
+0.0% YoY
Assessed land
$1.00
Land market value
$3
Total market value
$3
Applied tax rate
3,002.0000
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 land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
APN
03-02-21-192-013
UPID
US28-3662927
Jurisdiction
KANKAKEE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Current owner
From public records · entity-resolved
Donald G Lagerstrom And Pamela J Lagerstrom T
Individual
Free & Clear · 0 yrs held
Mailing address
13808 HIGH RD, LOCKPORT, IL 60441-5867
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2026
—
Donald G Lagerstrom And Pamela J Lagerstrom T
Donald Lagerstrom
Quitclaim Deed
related
—
Jul 17, 2025
$430,000
Chicago Title Land Trust Co Ttee
Manteno Rft LLC
Deed
$250,000 · Manteno Rft LLC
Mar 7, 2025
$450,000
John Huber
Manteno Rft LLC
Warranty Deed
$350,000 · Rd Wagner Mngmt Enterprise LLC
Jul 19, 2024
—
Campow Properties LLC
—
Deed
related
$325,000 · Peoples Bank Of Kankakee
May 8, 2024
$654,500
Campow Properties LLC
Manteno Rft LLC
Warranty Deed
—
May 4, 2023
$709,000
Hoekstra Holdings LLC
Jay L Peabody
Warranty Deed
—
Aug 8, 2022
$375,000
Municipal Trust & Savings Bank
Manteno Rft LLC
Deed
$325,000 · Municipal Trust & Savings Bank
Nov 29, 2021
$215,000
Donald Lagerstrom
Kmw Leasing LLC
Warranty Deed
—
Nov 7, 2019
$180,000
Kmw Leasing LLC
Manteno Rft LLC
Deed
—
Jan 16, 2018
—
Jay L Peabody
—
Deed
related
$343,936 · First National Bank Omaha
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 450 Spruce St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
