Property profile

494 Msn St Carol Stream, IL 60188

OFF-MARKET
Industrial properties
Property ID
US28-1277954
59,616 SF 5.06 ac lot Built 1998
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1998
Construction TILT-UP CONCRETE
Total area 59,616 SF
Lot 5.06 ac (220,414 SF)
Zoning code I
APN 02-28-103-011
UPID US28-1277954

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Advertising Agency Marketing & Advertising

Location

494 Msn St Carol Stream, IL 60188-9417
Carol Stream metro Census 841210 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$8.46M
CAP Approach CAP
by Request
Comparable Approach Comparable
$8.69M
Blend (final) Blend
$8.11M

Owner & transaction history

since 2022
Last sale
$8.0M
7 recorded transactions
2023
Price N/A
2022
$8.0M
2022
$6.3M
2021
$4.1M
2021
$4.0M
2020
Price N/A
2019
Price N/A

Zoning & alternative use

I · Carol Stream, IL
Zoning description

(2) I Industrial District (D) Overlay Districts (1) GAC Gary Avenue Corridor (2) NAC North Avenue Corridor (Ord. 2021-05-15, passed 5-3-2021) Share Download Bookmark Print § 16-3-2 ZONING DISTRICT MAP AND BOUNDARIES. (A)…

General category INDUSTRIAL
Top alternative use upside
Medical building $13.4M +81.9%
Retail stores $12.8M +74.0%
Commercial (general) $12.2M +65.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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