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Property profile & analytics
OFF-MARKET
Retail space
56 Walton St, Chicago, IL 60611-1420
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US28-5698366
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1891
Total area
1,500 SF
Lot
0.06 ac (2,600 SF)
APN
17-03-207-037
UPID
US28-5698366
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
-
Reformation Clothing Store
-
Acadia Realty Trust Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Acadia 56 East Walton LLC · 14 yrs held
Acadia 56 East Walton LLC
since 2012
6 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 Chicago submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chicago 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2022Property tax & assessments
Tax year 2022
Tax billed
$228,384
Tax year 2022
Assessed value
$1,110,375
Assessed 2022
Previous assessed
$1,110,375
+0.0% YoY
Effective rate
20.57%
On assessed value
Assessed land
$178,750
Assessed improvement
$931,625
Land market value
$715,000
Improvement market value
$3,726,500
Total market value
$4,441,500
Applied tax rate
74,004.0000
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
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1891
Heating
NONE
Stories
3
Total area
1,500 SF
Lot
0.06 ac (2,600 SF)
APN
17-03-207-037
UPID
US28-5698366
Jurisdiction
COOK
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL 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
Building & site characteristics
From public records
Year built
1891
Heating
NONE
Stories
3
Lot
0.06 ac
Current owner
From public records · entity-resolved
Acadia 56 East Walton LLC
Entity
Mailing address
PO BOX 460169, HOUSTON, TX 77056-8169
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2012
—
Acadia 56 East Walton LLC
Acadia Gold Coast LLC
Quit Claim Deed
related
$5,280,000 · Us Bank NA Trust 2006-c1 (te)
Aug 18, 2011
$7,528,000
Acadia Gold Coast LLC
L I Dev Vii LLC
Grant Deed
—
May 6, 2008
—
Li Dev Vii LLC
—
Deed Of Trust
related
$15,000,000 · National City Bank
Apr 11, 2006
—
L I Dev Vii LLC
—
Trustees Deed
related
$2,300,000 · Heritage Community Bank
Mar 21, 2006
$5,445,000
Li Dev Vii LLC
Town & Country Land Trust
Grant Deed
$4,360,000 · Bridgeview Bank Group
—
—
Richard L Winter Trustee
—
Deed Of Trust
related
$1,850,000 · Lasalle National 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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