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    Property profile & analytics

    545 25Th Ave Bellwood, IL 60104

    • Retail space
    • 2,333 SF
    • 0.33 lot acres
    For Sale
    View listing
    $850,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-3968749
    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

    • Retail space

    Property Details for 545 25Th Ave

    Year built
    1953
    Lot size
    0.33 lot acres
    Property size
    2,333 SF
    Property type
    Retail space
    APN
    15-10-308-008
    APU
    1510308008

    Description

    This exceptional 0.47-acre commercial land parcel, located at the northeast corner of Washington and 25th Avenue in Bellwood, Illinois (60104), presents a unique investment opportunity. The property boasts a substantial 20,569 square feet and is situated on a busy four-way signalized intersection experiencing over 36,000 vehicles daily, ensuring high visibility and significant daytime traffic. Built in 1980, the land is zoned for commercial use, offering flexibility for various development projects. The asking price is $850,000, translating to a land value of $41.32 per square foot. A ground lease option is available, providing additional investment avenues. This densely populated area offers strong potential for retail development or build-to-suit projects, capitalizing on the high traffic counts and prime location. The property's address is 545 25th Ave, within Cook County, Illinois. This is an ideal opportunity for investors seeking a high-traffic, strategically located commercial land parcel with significant development potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $285,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $365,000
      Market price range: $163k - $631k
      AI Estimate
      $233,000
      Market price range: $98.0k - $359k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $350,000
      Current use
      OFFICE BUILDING
      $310,000
      Change: -10% Conversion: Easy
      AUTO REPAIR, GARAGE
      $285,000
      Change: -19% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bellwood
    County
    Cook
    State
    Illinois
    Longitude
    -87.8633
    Latitude
    41.8823
    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
    2022
    $25,896
    $42,888
    $6,522
    $49,410
    -
    $171,552
    $26,088
    $197,640

    Comparable in this City

    • Value Estimation
      $305,000
      0.07 Acres

      229 Mannheim Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.07 Acres
      229 Mannheim Rd, Bellwood, IL 60104-1339
      View Details
    • Value Estimation
      $255,000
      0.07 Acres

      233 Mannheim Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.07 Acres
      233 Mannheim Rd, Bellwood, IL 60104
      View Details
    • Value Estimation
      $255,000
      0.07 Acres

      635 Mannheim Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.07 Acres
      635 Mannheim Rd, Bellwood, IL 60104-1806
      View Details
    • Value Estimation
      $305,000
      0.10 Acres

      317 Mannheim Rd 333rd

      RETAIL STORES (PERSONAL SERVICES) • 0.10 Acres
      317 Mannheim Rd 333rd, Bellwood, IL 60104-1342
      View Details
    • Value Estimation
      $290,000
      0.50 Acres

      919 Mannheim Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.50 Acres
      919 Mannheim Rd, Bellwood, IL 60104-2019
      View Details
    • Value Estimation
      $300,000
      0.28 Acres

      3223 Saint Charles Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.28 Acres
      3223 Saint Charles Rd, Bellwood, IL 60104-1555
      View Details

    Similar Nearby for Sale

    • $975,000
      1,713 SF

      Bellwood Retail Space - Drive-Thru!

      Freestanding retail building, excellent visibility.
      398 Mannheim Rd, Bellwood, IL 60104
      View Details
    • $850,000
      0.47 Acres

      Bellwood Retail Land - $850K

      High-traffic corner lot, build-to-suit potential.
      545 25Th Ave, Bellwood, IL 60104
      View Details
    • $275,000
      5,160 SF

      Bellwood Retail Space - Huge Potential

      Former banquet hall, now adaptable space. Great location, ample parking.
      2817 Saint Charles Rd, Bellwood, IL 60104
      View Details
    • $850,000
      13,500 SF

      Bellwood Office Building - $850K

      13,500 SF Office/Retail Space - Vacant
      4212 St Charles Rd, Bellwood, IL 60104
      View Details
    • $850,000
      13,500 SF

      Prime Bellwood Office Building

      13,500 SF Office, 0.77 Acres
      4212 Saint Charles Rd, Bellwood, IL 60104
      View Details
    • $975,000
      8,000 SF

      Bellwood Warehouse: $975,000

      8,000 SF Warehouse, Multi-Tenant
      2209 Railroad Ave, Bellwood, IL 60104
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      48,000 SF

      Renovated Warehouse with Outdoor Storage

      Renovated warehouse featuring heavy outside storage and proximity to highways.
      3000 Saint Charles Rd, Bellwood, IL 60104
      View Details
    • $8 SF/Yr
      54,448 SF

      Industrial Space Available For Lease

      Industrial property with 54,448 square feet available for lease.
      Bellwood, IL 60104
      View Details
    • $8 SF/Yr
      38,000 SF

      Renovated Warehouse Near I-290

      Well-maintained, renovated warehouse with secured parking and highway access.
      1023 Cernan Dr, Bellwood, IL 60104
      View Details
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    545 25Th Ave
    Bellwood, IL 60104
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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