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Property profile & analytics
OFF-MARKET
Estimated value
$1,890,000
Retail space
475 55th St, Countryside, IL 60525-3564
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US28-1351161
Property summary
AI-generated overview
This exceptional office space, located at 475 W 55th St, Suite 108, Countryside, IL 60525, offers a fantastic opportunity for businesses seeking a prestigious address. Situated on the desirable corner of 55th Street and Plainfield Road, this building boasts a blend of medical and office tenants, creating a vibrant and professional atmosphere. The property is a two-story building zoned B1. Currently, two suites are available within this building. Suite 108 is a first-floor corner suite offering 850 to 1,450 square feet of flexible space, ideal for a variety of professional uses. Another suite, Suite 202/204, previously used as a dental practice, presents a unique opportunity for conversion into either additional medical space or a general professional office. The building's prime location and diverse tenant mix provide excellent visibility and accessibility, making it an attractive option for businesses seeking a thriving and well-connected location in Countryside, Illinois. The available spaces offer the potential for customization to meet specific business needs. Interested parties are encouraged to inquire about lease terms and availability.
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1978
Lot
0.67 ac (29,092 SF)
APN
18-16-106-024
UPID
US28-1351161
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
-
Collins Kevin E DDS Dental Office
-
Blaine P. Cusack, DDS Dental Office
-
Dr. Michael P. Munaretto, DDS Dental Office
-
Taylor & Kohn Dental Office
-
IB Freight Inc Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.97M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.89M
Owner & transaction history
Grujic Properties 03 LLC · 3 yrs held
Grujic Properties 03 LLC
since 2022
Last sale
$1.8M
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 Countryside submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Countryside 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
Method
Estimation
Statistic approach
$1,960,000
ML approach
$1,970,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.89M
Range $1.70M – $2.08M · ±10% · vs last sale $1.82M (Sep 1 2022)
Last sale anchor
$1.82M
Sep 1 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
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
Tax billed
$65,918
Tax year 2022
Assessed value
$261,981
Assessed 2022
Previous assessed
$261,981
+0.0% YoY
Effective rate
25.16%
On assessed value
Assessed land
$87,276
Assessed improvement
$174,705
Land market value
$349,104
Improvement market value
$698,820
Total market value
$1,047,924
Applied tax rate
21,011.0000
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
Retail space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1978
Heating
NONE
Lot
0.67 ac (29,092 SF)
APN
18-16-106-024
UPID
US28-1351161
Jurisdiction
COOK
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1978
Heating
NONE
Lot
0.67 ac
Current owner
From public records · entity-resolved
Grujic Properties 03 LLC
Entity
Mailing address
8153 SCENIC DR, WILLOW SPRINGS, IL 60480-1029
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2022
$1,816,500
Grujic Properties 03 LLC
A&a Property Management LLC
Special Warranty Deed
—
Jul 18, 2019
—
A & A Property Management LLC
—
Deed
related
$1,200,000 · Old Second Nat'l Bk
Sep 5, 2013
—
A & A Property Management LLC
Trust 4490
Trustees Deed
related
—
Mar 28, 2006
$2,635,000
Trust 4490
Trust 4812
Grant Deed
related
$1,957,500 · Tcf National Bank
—
—
A & A Property Management LLC
—
Loan Modification
related
$1,690,866 · Tcf National Bank
—
—
A & A Property Management LLC
—
Loan Modification
related
$1,517,573 · Tcf Nat'l Bk
—
—
A & A Property Management LLC
—
Deed Of Trust
related
$1,200,000 · Old Second Nat'l Bk
—
—
Trust 4490
—
Deed Of Trust
related
$1,766,157 · Tcf National Bank
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.
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