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Property profile & analytics
OFF-MARKET
Estimated value
$960,000
Retail space
501 Willow Blvd, Willow Spgs, IL 60480-1705
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-1797594
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Lot
0.23 ac (10,080 SF)
APN
18-32-403-008
UPID
US28-1797594
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
-
Imperial Oak Brewing Production Facility Brewery & Distillery
-
Ion & Watts Power Solutions LLC Electrical Service General Contractor
-
Pizza 750 Restaurant
-
Dark Water Studio Tattoo & Piercing Shop
-
Investment Property Consultants, Inc. Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$945k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$960k
Owner & transaction history
Imperial Oak Properties LLC · 4 yrs held
Imperial Oak Properties LLC
since 2021
Last sale
$960,000
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 Willow Spgs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Willow Spgs 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
$955,000
ML approach
$945,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$960k
Range $864k – $1.06M · ±10% · vs last sale $960k (Oct 18 2021)
Last sale anchor
$960k
Oct 18 2021
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
$40,432
Tax year 2022
Assessed value
$99,814
Assessed 2022
Previous assessed
$99,814
+0.0% YoY
Effective rate
40.51%
On assessed value
Assessed land
$20,614
Assessed improvement
$79,200
Land market value
$82,456
Improvement market value
$316,800
Total market value
$399,256
Applied tax rate
21,229.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1965
Heating
NONE
Stories
1
Lot
0.23 ac (10,080 SF)
APN
18-32-403-008
UPID
US28-1797594
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
1965
Heating
NONE
Stories
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Imperial Oak Properties LLC
Entity
Mailing address
501 WILLOW BLVD STE #106, WILLOW SPGS, IL 60480-1710
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2021
$960,000
Imperial Oak Properties LLC
Willow Business Center LLC
Warranty Deed
$768,000 · Republic Bank Of Chicago
May 2, 2019
—
Willow Business Center LLC
—
Deed
related
$75,000 · Republic Bk/chicago
Dec 24, 2018
—
6th Avenue Dev Group LLC
—
Loan Modification
related
$4,275,000 · Midland States Bk
Nov 13, 2018
—
Willow Business Center LLC
—
Grant Deed
related
$1,320,000 · Republic Bk/chicago
Dec 3, 2012
$325,000
Willow Business Center LLC
Lewis Family LLC
Warranty Deed
$440,000 · Citizens Financial Bank
Apr 5, 2011
—
Lewis Family LLC
Lewis William F
Quit Claim Deed
related
—
—
—
Willow Business Center LLC
—
Loan Modification
related
$75,000 · Republic Bk/chicago
—
—
6th Avenue Dev Group LLC
—
Deed Of Trust
related
$500,000 · Centruebank
—
—
6th Avenue Dev Group LLC
—
Deed Of Trust
related
$3,976,000 · Centrue Bank
—
—
6th Avenue Dev Group LLC
—
Loan Modification
related
$499,422 · Centruebank
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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