Property profile

500 Xing Dr E E Ste University Park, IL 60484

OFF-MARKET
Other industrial properties
Property ID
US28-1918917
155,000 SF 10.18 ac lot
Entity Owned 10-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The property consists of land located just east of the new I-57 interchange with Stunkel Road, positioned at a four-way corner interchange area that provides access via both Stunkel Road and Central Avenue. Public utilities including water and sewer are available along Stunkel Road and Central Avenue. The land is within the Commerce Center UP major industrial park. Approximately 10 acres at the southeast corner have been sold to a national gas and diesel service station chain.

Property profile

Verified
Property type Other industrial properties
Use group INDUSTRIAL (GENERAL)
Total area 155,000 SF
Lot 10.18 ac (443,441 SF)
APN 21-14-09-101-002
UPID US28-1918917

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
  • Factory Industrial Manufacturer
  • Medical Supply Store
  • Industrial Manufacturer Production Facility

Location

500 Xing Dr E E Ste University Park, IL 60484-4139
University Park metro Census 883602 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.09M

Owner & transaction history

since 2015
7 recorded transactions
2021
Price N/A
2015
$6.4M
2013
Price N/A
2012
Price N/A
2012
$4.4M
2008
$7.3M
1969
Price N/A

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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