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    Property profile & analytics

    4501 Cumberland Ave Norridge, IL 60706-4278

    • Grocery and convenience stores
    • 1.39 lot acres
    OFF-MARKET
    Value Estimation
    $455,000
    Location Intelligence
    Property ID
    US28-2772027
    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

    • Storino Richard G DDS / Dentist
    • Legacy Smiles / Dentist
    • Caffè Pronto / Cafe / Coffee Shop
    • BLOOM Hair Studio / Hair Salon
    • Vicki Hunter, DDS / Dentist

    Property Details for 4501 Cumberland Ave

    Year built
    1974
    Lot size
    1.39 lot acres
    Property type
    Grocery and convenience stores
    APN
    12-14-206-034
    APU
    1214206034

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $460,000

    • CAP approach

      CAP return
      Estimation
      6%
      $430,000
      6.5%
      $470,000
      7%
      $460,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $405,000
      Geo Method
      $380,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $510,000
      Retail
      $405,000
      Mixed-Use
      $450,000
      Hospitality
      $455,000
      Educational
      $505,000
      Residential Income
      $485,000
      Energy
      $390,000
      Income-Based Land
      $415,000
      Food Service
      $455,000

    Location Insight

    • Map
    • Local Demand
    City
    Norridge
    County
    Cook
    State
    Illinois
    Longitude
    -87.8341
    Latitude
    41.9601
    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
    $87,532
    $233,564
    $155,958
    $389,522
    -
    $934,256
    $623,832
    $1,558,088

    Comparable in this City

    • Value Estimation by Request
      0.26 Acres

      4501 Cumberland Ave

      GROCERY, SUPERMARKET • 0.26 Acres
      4501 Cumberland Ave, Norridge, IL 60706-4278
      View Details
    • Value Estimation by Request

      7401 Lawrence Ave

      GROCERY, SUPERMARKET
      7401 Lawrence Ave, Harwood Heights, IL 60706-3411
      View Details
    • Value Estimation
      $540,000
      2.20 Acres

      6601 Gunnison St

      GROCERY, SUPERMARKET • 2.20 Acres
      6601 Gunnison St, Harwood Heights, IL 60706-4024
      View Details
    • Value Estimation by Request

      7401 Lawrence Ave

      GROCERY, SUPERMARKET
      7401 Lawrence Ave, Harwood Heights, IL 60706-3411
      View Details
    • Value Estimation by Request
      0.05 Acres

      7304 Irving Park Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.05 Acres
      7304 Irving Park Rd, Norridge, IL 60706-7224
      View Details
    • Value Estimation by Request
      0.06 Acres

      7321 Lawrence Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.06 Acres
      7321 Lawrence Ave, Harwood Heights, IL 60706
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • Contact for pricing
      40,000 SF

      Retail Space in Harwood Heights

      Retail space available in high-traffic Harwood Heights location.
      4701 N Harlem Ave, Harwood Heights, IL 60706
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      Norridge Retail Space: Prime Location

      3,726 SF Retail/Office, High Visibility
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      25,406 SF

      Norridge Retail Space For Lease

      Retail spaces available in Norridge Commons shopping center.
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    • $24 SF/Yr
      70,345 SF

      Holiday Plaza Retail Space Available

      Harwood Heights, IL Strip Center - 70,345 SF
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    • Contact for pricing
      1,863 SF

      Harwood Heights Office Space Available

      Office space for rent near Harlem-Irving Plaza.
      4600-4634 N Harlem Ave, Harwood Heights, IL 60706
      View Details
    • $1,650 /Mo

      Harwood Heights 2-Bed Condo Apartment

      Two-bedroom apartment in Harwood Heights featuring hardwood floors, updated kitchen, and included heat and cooking gas.
      4916 N Harlem Ave, Harwood Heights, IL 60706
      View Details
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    Norridge, IL 60706-4278
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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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