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Financial
Distress signals
Property profile

550 Lk St 70 Addison, IL 60101

OFF-MARKET
Commercial land
Property ID
US28-2818419
2.78 ac lot
Last sale Apr 2003 · $310,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 23-yr Hold Held for 23 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a developed 4-acre commercial site in Addison, Illinois, zoned B-2 (Community Business District). All utilities are available on-site. It is positioned for visibility from Lake Street and provides access to the area via I-290 using Highway IL 83. The surrounding area includes a hotel, gas station, medical offices, and a restaurant. The site is suitable for retail and restaurant use, and it has potential for development of up to two commercial buildings with up to approximately 10,000 square feet each.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$10k
Tax billed · 2023
Assessed value$138k
Assessed land$138k
Effective rate7.36%

Value estimate

· Oct 2026
$275k
$248k – $303k
AI approach$275k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$216/SF
ZIP average, outlier-cleaned · 44 recorded sales of this use type
Observed band · Q1–Q3$101 – $348

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C
JurisdictionDU PAGE

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant17.0
Spa & Massage16.4
Gym & Fitness15.1

Location

550 Lk St, Unit 70 Addison, IL 60101-2829
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
525 Addison, Addison, IL 60101-4649 $179,000 Jan 2025 No data
130 Grn, Addison, IL 60101 $1,200,000 Jul 2024 No data
150 Grn, Addison, IL 60101 $1,200,000 Jul 2024 No data
Pfund, Addison, IL 60101 $40,000 Nov 2023 No data
501 Lk, Addison, IL 60101-2828 $500,000 Dec 2022 No data
Lk, Addison, IL 60101 $95,000 Nov 2022 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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