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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Turn key restaurants
542 Cres Blvd, Glen Ellyn, IL 60137-4147
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-1016892
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1925
Total area
1,960 SF
Lot
0.03 ac (1,307 SF)
Zoning code
C
APN
05-11-317-015
UPID
US28-1016892
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$535k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$532k
Blend (final)
Blend
$545k
Owner & transaction history
Red Leaves LLC · 2 yrs held
Red Leaves LLC
since 2023
Last sale
$575,000
4 recorded transactions
Zoning & alternative use
C · Glen Ellyn, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$695,000
+13.8%
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 Glen Ellyn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glen Ellyn 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
$510,000
ML approach
$535,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$610,000
Current use
AUTO REPAIR, GARAGE
$695,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $575k (Oct 24 2023)
Last sale anchor
$575k
Oct 24 2023
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
$278 / SF
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 2023Property tax & assessments
Tax year 2023
Tax billed
$10,414
Tax year 2023
Assessed value
$137,560
Assessed 2023
Previous assessed
$70,340
+95.6% YoY
Effective rate
7.57%
On assessed value
Assessed land
$14,480
Assessed improvement
$123,080
Land market value
$43,440
Improvement market value
$369,240
Total market value
$412,680
Applied tax rate
5,333.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1925
Heating
NONE
Stories
1
Total area
1,960 SF
Lot
0.03 ac (1,307 SF)
Zoning code
C
APN
05-11-317-015
UPID
US28-1016892
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Glen Ellyn, IL
Zoning C · permitted uses
C · Glen Ellyn, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Glen Ellyn. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$610,000
AUTO REPAIR, GARAGE
Est. value
$695,000
RESTAURANT Current
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1925
Heating
NONE
Stories
1
Lot
0.03 ac
Current owner
From public records · entity-resolved
Red Leaves LLC
Entity
Mailing address
507 PENNSYLVANIA AVE, GLEN ELLYN, IL 60137-4403
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2023
$575,000
Red Leaves LLC
Crescent Boulevard LLC
Warranty Deed
$373,750 · Byline Bank
Apr 28, 2022
$400,000
Crescent Boulevard LLC
542 Crescent Blvd LLC
Special Warranty Deed
—
Jan 10, 2017
—
542 Crescent Blvd LLC
—
Deed
related
$300,000 · Mb Financial Bank NA
May 29, 2012
$125,000
542 Crescent Boulevard LLC
Pennington,rodney C & Joyce L
Warranty Deed
—
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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