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    Property profile & analytics

    501 Lk St Addison, IL 60101-2828

    • Commercial land
    • 0.24 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Dec 28, 2022
    $500,000
    Location Intelligence
    Property ID
    US28-2713870
    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

    • McDonald's / Restaurant / Sandwich Shop
    • Lake St Cafe / Breakfast Restaurant

    Property Details for 501 Lk St

    Lot size
    0.24 lot acres
    Zone code
    C
    Property type
    Commercial land
    APN
    03-27-303-023
    APU
    327303023

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Addison
    County
    Dupage
    State
    Illinois
    Longitude
    -87.9729
    Latitude
    41.9265
    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
    2023
    $5,564
    $76,050
    $0.00
    $76,050
    -
    $228,150
    $0.00
    $228,150

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      710 Lk St

      VACANT COMMERCIAL LAND • 0.17 Acres
      710 Lk St, Addison, IL 60101-2001
      View Details
    • Value Estimation by Request
      0.22 Acres

      221 Lk St

      VACANT COMMERCIAL LAND • 0.22 Acres
      221 Lk St, Addison, IL 60101-2888
      View Details
    • Value Estimation by Request
      1.44 Acres

      Lk St

      VACANT COMMERCIAL LAND • 1.44 Acres
      Lk St, Addison, IL 60101
      View Details
    • Value Estimation by Request
      2.19 Acres

      Lk St

      VACANT COMMERCIAL LAND • 2.19 Acres
      Lk St, Addison, IL 60101
      View Details
    • Value Estimation by Request
      0.85 Acres

      1006 Rohlwing Rd

      VACANT COMMERCIAL LAND • 0.85 Acres
      1006 Rohlwing Rd, Addison, IL 60101-1034
      View Details
    • Value Estimation by Request
      0.69 Acres

      155 Rohlwing Rd

      VACANT COMMERCIAL LAND • 0.69 Acres
      155 Rohlwing Rd, Addison, IL 60101-3027
      View Details

    Similar Nearby for Sale

    • $999,999
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      Addison Land For Sale

      Located in the heart of Addison, zoned B2.
      133 E Lake St, Addison, IL 60101
      View Details
    • Contact for pricing
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      4.5 Acre Site For Sale

      4.5 acre site ideal for logistics and outdoor storage.
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    • $1,399,000
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      Addison Commercial Land For Sale

      4-acre commercial site with utilities, zoned for business.
      550 E Lake St, Addison, IL 60101
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    • $235,000
      0.50 Acres

      Addison Commercial Land For Sale

      Wooded vacant lot suitable for commercial/retail development in Addison, IL.
      19w068 North Ave, Addison, IL 60101
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    • $275,000
      1.66 Acres

      Addison Vacant Land Opportunity

      1.66 acres of vacant land in Addison Township.
      426 W Fullerton Ave, Addison, IL 60101
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    • Contact for pricing

      Commercial Outlots Near I-355 Interchange

      Multiple outlots available near high-traffic intersection and I-355 interchange.
      1675 W Lake St, Addison, IL 60101
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      1,000 SF

      Addison Retail Storefront For Lease

      Prime 1,000 SF storefront in Addison, IL.
      32-100 Lake St, Addison, IL 60101
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space on Lake Street

      Retail space available on busy Lake Street in Addison, IL.
      1407-1455 W Lake St, Addison, IL 60101
      View Details
    • $13 SF/Yr
      53,200 SF

      Industrial Unit Near I-355

      Smaller industrial unit with drive-in door, near I-355.
      Addison, IL 60101
      View Details
    • $4,100 /Mo
      13,360 SF

      Industrial Unit For Rent

      Industrial unit perfect for contractors or overflow storage.
      1786 W Armitage Ct, Addison, IL 60101
      View Details
    • $10 SF/Yr
      2,875 SF

      Addison Flex/Industrial Space Available

      Flex/industrial space for rent, conveniently located near I-355.
      100-102 S Fairbank St, Addison, IL 60101
      View Details
    • Contact for pricing
      10,880 SF

      Addison Warehouse Space Available

      Institutionally owned warehouse space with high parking ratio.
      2100 W Corporate Dr, Addison, IL 60101
      View Details

    Property Visit Statistics

    • Visits by month
      49.1k
    • Visitors by month
      26.1k
    • Avg Time on site
      9 min
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    501 Lk St
    Addison, IL 60101-2828
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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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