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Property profile & analytics
OFF-MARKET
Estimated value
$1,910,000
Retail space
5572 Grand Ave, Gurnee, IL 60031-4905
Trust Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-5824395
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1989
Construction
FRAME
Total area
21,579 SF
Lot
1.91 ac (83,200 SF)
APN
07-15-110-002
UPID
US28-5824395
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
-
Oberweis Ice Cream and Dairy Store Restaurant
-
Lava Smoke Shop (Bike/Boat/Book/etc) Store
-
Toppers Pizza Take-out & Catering Catering Service
-
Timothy O’Toole’s Pub Gurnee Nightclub Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.52M
Blend (final)
Blend
$1.91M
Owner & transaction history
Trust Sbl 2137 · 20 yrs held
Trust Sbl 2137
since 2006
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 Gurnee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gurnee 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,745,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,415,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.91M
Range $1.72M – $2.10M · ±10%
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
$89 / 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
$69,486
Tax year 2023
Assessed value
$675,877
Assessed 2023
Previous assessed
$701,384
-3.6% YoY
Effective rate
10.28%
On assessed value
Assessed land
$368,452
Assessed improvement
$307,425
Land market value
$1,105,467
Improvement market value
$922,367
Total market value
$2,027,834
Applied tax rate
8,042.0000
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
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1989
Construction
FRAME
Heating
NONE
Total area
21,579 SF
Lot
1.91 ac (83,200 SF)
APN
07-15-110-002
UPID
US28-5824395
Jurisdiction
LAKE
Metro division
LAKE COUNTY-KENOSHA COUNTY, IL-WI 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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.4M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
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
1989
Construction
FRAME
Heating
NONE
Lot
1.91 ac
Current owner
From public records · entity-resolved
Trust Sbl 2137
Trust
Mailing address
440 LK ST, ANTIOCH, IL 60002-1406
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2017
—
Wayne Hummer Trust Company NA
—
Deed
related
$2,694,700 · Johnson Bank
Oct 5, 2006
—
Trust Sbl 2137
—
Trustees Deed
related
$2,644,000 · State Bank Of The Lakes
Jun 5, 2006
—
Trust Sbl 2137
—
Grant Deed
related
$2,000,000 · State Bank Of The Lakes
Mar 17, 2006
—
Trust Sbl 2137
—
Trustees Deed
related
$1,600,000 · State Bank Of The Lakes
Feb 20, 2006
$2,450,000
Trust Sbl 2137
Yao Yao Corp
Warranty Deed
$1,700,000 · State Bank Of The Lakes
Mar 8, 2004
$1,350,000
Yao Yao Corp
Lin,tr
Grant Deed
$1,725,000 · National Exchange Bank & Trust
—
—
Trust Sbl 2137
—
Deed Of Trust
related
$2,694,700 · Johnson Bank
—
—
Trust Sbl 2137
—
Deed Of Trust
related
$2,769,000 · State Bank Of The Lakes
—
—
Chih M & Sheng A Lin Trustee
—
Deed Of Trust
related
$590,000 · Edens Bank
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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