Property profile

501 Lk St Addison, IL 60101

OFF-MARKET
Commercial land
Property ID
US28-5356507
0.2 ac lot
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.2 ac (8,712 SF)
Zoning code C
APN 03-27-303-022
UPID US28-5356507

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
  • Restaurant Take-out & Catering
  • Restaurant

Location

501 Lk St Addison, IL 60101-2828
Addison metro Census 846701 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$485k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$490k

Owner & transaction history

since 2022
Last sale
$500,000
7 recorded transactions
2022
$500,000
2020
$1.2M
2005
$1.6M
2005
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C · Addison, IL

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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