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    Property profile & analytics

    4700 Gilbert Ave Western Springs, IL 60558-1753

    • Grocery and convenience stores
    • 11.30 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US28-1281492
    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

    • Western Springs Plumbing / Plumber
    • Susane Mukdad, DPT / Physical Therapy Clinic / Physical Therapist
    • Garden Market Shopping Center / Shopping Mall
    • Yoga by Degrees / Yoga Studio
    • Athletico Physical Therapy - Western Springs / Physical Therapy Clinic / Physical Therapist

    Property Details for 4700 Gilbert Ave

    Year built
    1985
    Lot size
    11.30 lot acres
    Property type
    Grocery and convenience stores
    APN
    18-08-104-005
    APU
    1808104005

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Western Springs
    County
    Cook
    State
    Illinois
    Longitude
    -87.8905
    Latitude
    41.8037
    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
    $1,044,425
    $861,628
    $3,228,445
    $4,090,073
    -
    $3,446,512
    $12,913,780
    $16,360,292

    Comparable in this City

    • Value Estimation by Request
      0.18 Acres

      4479 Lawn Ave, Unit 360

      RETAIL STORES (PERSONAL SERVICES) • 0.18 Acres
      4479 Lawn Ave, Western Springs, IL 60558-2414
      View Details
    • Value Estimation by Request
      0.08 Acres

      814 Hillgrove Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.08 Acres
      814 Hillgrove Ave, Western Springs, IL 60558-1439
      View Details
    • Value Estimation by Request
      0.08 Acres

      600 Hillgrove Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.08 Acres
      600 Hillgrove Ave, Western Springs, IL 60558-1467
      View Details
    • Value Estimation
      $6,020,000
      0.07 Acres

      800 Hillgrove Ave

      STORE, RETAIL OUTLET • 0.07 Acres
      800 Hillgrove Ave, Western Springs, IL 60558-1490
      View Details
    • Value Estimation
      $265,000
      0.07 Acres

      40 47th St

      RETAIL STORES (PERSONAL SERVICES) • 0.07 Acres
      40 47th St, Western Springs, IL 60558-1624
      View Details
    • Value Estimation
      $1,070,000
      0.05 Acres

      909 Burlington Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.05 Acres
      909 Burlington Ave, Western Springs, IL 60558-1515
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      732 SF

      Retail Space Near High School

      Retail space available near Lyons Township High School.
      4700 Gilbert Ave, Western Springs, IL 60558
      View Details
    • $21 SF/Yr
      10,000 SF

      Office Space For Lease

      522 SF office space available in well-maintained building.
      915 West 55Th St, Western Springs, IL 60558
      View Details
    • $27 SF/Yr
      1,775 SF

      Western Springs Office Space Available

      Prime Western Springs Office: 1775 sq ft
      901 Burlington Ave, Western Springs, IL 60558
      View Details

    Property Visit Statistics

    • Visits by month
      105.1k
    • Visitors by month
      41.7k
    • Avg Time on site
      24 min
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    4700 Gilbert Ave
    Western Springs, IL 60558-1753
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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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