Property profile

550 Newport Ct Island Lake, IL 60042

OFF-MARKET
Commercial real estate
Property ID
US28-2552387
6,086 SF 1.08 ac lot Built 1994
Entity Owned 9-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1994
Construction FRAME
Total area 6,086 SF
Lot 1.08 ac (47,045 SF)
APN 15-20-176-003
UPID US28-2552387

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
  • Daycare Center

Location

550 Newport Ct Island Lake, IL 60042-9136
Island Lake metro Census 870812 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
$970k
Comparable Approach Comparable
$795k
Blend (final) Blend
$345k

Owner & transaction history

since 2016
2 recorded transactions
2016
$650,000
2001
$800,000

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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