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Property profile & analytics
OFF-MARKET
Retail space
515 Lincoln Ave, Winnetka, IL 60093-2509
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US28-5654550
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1978
Lot
0.03 ac (1,235 SF)
APN
05-20-213-005
UPID
US28-5654550
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
-
chibau General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mdg Winnetka One LP · 1 yrs held
Mdg Winnetka One LP
since 2024
Last sale
$14.0M
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 Winnetka submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Winnetka 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$8,892
Tax year 2022
Assessed value
$40,741
Assessed 2022
Previous assessed
$42,913
-5.1% YoY
Effective rate
21.83%
On assessed value
Assessed land
$7,718
Assessed improvement
$33,023
Land market value
$30,872
Improvement market value
$132,092
Total market value
$162,964
Applied tax rate
23,008.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1978
Heating
NONE
Lot
0.03 ac (1,235 SF)
APN
05-20-213-005
UPID
US28-5654550
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
1978
Heating
NONE
Lot
0.03 ac
Current owner
From public records · entity-resolved
Mdg Winnetka One LP
Entity
Mailing address
3400 W STONEGATE BLVD STE #5200, ARLINGTON HEIGHTS, IL 60005-1045
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
26 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2024
$14,000,000
Mdg Winnetka One LP
Ric Winnetka Lincoln LLC
Special Warranty Deed
$7,000,000 · Signature Bank
Oct 6, 2021
—
Ric LLC
David M Trandel
Commissioners Deed
related
—
Feb 20, 2018
—
Sb One Winnetka LLC
—
Grant Deed
related
$3,000,000 · T2 Winnetka I LLC
Feb 16, 2017
—
Sb One Winnetka LLC
—
Trustees Deed
related
$11,750,000 · Romspen Mtg
Jul 25, 2016
$254,000
Sb One Winnetka LLC
Winnetka Station LLC
Grant Deed
related
—
Oct 24, 2014
—
Winnetka Station LLC
—
Loan Modification
related
$6,191,775 · Bridgeview Bk
Aug 28, 2013
—
Winnetka Station LLC
Ntp-lincoln Ave
Grant Deed
related
$800,000 · Bridgeview Bank Group
Aug 1, 2008
$1,300,000
Ntp-lincoln Avenue LLC
Bumblebee Properties LLC
Grant Deed
$1,000,000 · Signature Bank
Feb 11, 2008
—
Bumblebee Properties LLC
—
Trustees Deed
related
$400,000 · Suburban Bank & Trust Co
—
—
Winnetka Station LLC
—
Loan Modification
related
$6,191,775 · Bridgeview Bk
—
—
Bumblebee Properties LLC
—
Deed Of Trust
related
$10,000 · Citizens Financial Bank
—
—
Bumblebee Properties LLC
—
Deed Of Trust
related
$675,000 · Citizens Financial Svcs Fsb
—
—
Winnetka Station LLC
—
Loan Modification
related
$6,191,775 · Bridge View Bk
—
—
Winnetka Station LLC
—
Loan Modification
related
$6,191,775 · Bridgeview Bk
—
—
Winnetka Station LLC
—
Loan Modification
related
$6,191,775 · Bridgeview Bk
—
—
Winnetka Station LLC
—
Loan Modification
related
$6,191,775 · Bridgeview Bk
—
—
Sb One Winnetka LLC
—
Loan Modification
related
$6,191,775 · Bridgeview Bk
—
—
Sb One Winnetka LLC
—
Loan Modification
related
$6,191,775 · Bridgeview Bk
—
—
Winnetka Station LLC
—
Loan Modification
related
$6,191,775 · Bridgeview Bk
—
—
Winnetka Station LLC
—
Loan Modification
related
$6,191,775 · Bridgeview Bk
—
—
Winnetka Station LLC
—
Loan Modification
related
$6,191,775 · Bridgeview Bk
—
—
Winnetka Station LLC
—
Loan Modification
related
$6,191,775 · Bridgeview Bk
—
—
Ntp-lincoln Avenue LLC
—
Deed Of Trust
related
$200,000 · Bridgeview Bank Group
—
—
Ntp-lincoln Avenue LLC
—
Deed Of Trust
related
$800,000 · Bridgeview Bank Group
—
—
Winnetka Station LLC
—
Loan Modification
related
$6,191,775 · Bridgeview Bk
—
—
Bumblebee Properties LLC
—
Deed Of Trust
related
$346,401 · Harris Bank Wilmette NA
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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