Property profile

511 Addison Rd Addison, IL 60101

OFF-MARKET
Commercial real estate
Property ID
US28-1615059
5,520 SF 0.5 ac lot Built 1992
Trust Owned ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1992
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,520 SF
Lot 0.5 ac (21,780 SF)
Zoning code C
APN 03-21-411-015
UPID US28-1615059

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
  • (Bike/Boat/Book/etc) Store
  • Specialty Food Shop Candy Store
  • Barber Shop
  • Take-out & Catering Catering Service
  • Restaurant

Location

511 Addison Rd Addison, IL 60101-6202
Addison metro Census 840104 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
$1.34M
Blend (final) Blend
$450k

Owner & transaction history

6 recorded transactions
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C · Addison, IL
Top alternative use upside
Medical building $1.2M +4.4%

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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