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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Strip malls
560 Main St 72 West Chicago, IL 60185-2843
Trust Owned
17-yr Hold
~
Est. High Equity
Property ID
US28-0216129
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2004
Construction
BRICK
Total area
5,208 SF
Lot
0.39 ac (16,988 SF)
Zoning code
C
APN
04-10-120-017
UPID
US28-0216129
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
-
La Michoacana Ice Cream Shop Grocery & Convenience Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$850k
Owner & transaction history
Trust 1-1375 · 17 yrs held
Trust 1-1375
since 2009
7 recorded transactions
Zoning & alternative use
C · West Chicago, IL
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 West Chicago submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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
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
OFFICE BUILDING
$695,000
Change: 0% · Conversion: Moderate
COMMERCIAL (GENERAL)
$685,000
Change: 0% · Conversion: Easy
RESTAURANT
$605,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$555,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$850k
Range $765k – $935k · ±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
$163 / 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
$18,616
Tax year 2023
Assessed value
$200,700
Assessed 2023
Previous assessed
$200,700
+0.0% YoY
Effective rate
9.28%
On assessed value
Assessed land
$43,500
Assessed improvement
$157,200
Land market value
$130,500
Improvement market value
$471,600
Total market value
$602,100
Applied tax rate
4,011.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2004
Construction
BRICK
Heating
NONE
Total area
5,208 SF
Lot
0.39 ac (16,988 SF)
Zoning code
C
APN
04-10-120-017
UPID
US28-0216129
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · West Chicago, IL
Zoning C · permitted uses
C · West Chicago, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Chicago. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$695,000
COMMERCIAL (GENERAL)
Est. value
$685,000
RESTAURANT
Est. value
$605,000
MEDICAL BUILDING
Est. value
$555,000
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
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
2004
Construction
BRICK
Heating
NONE
Lot
0.39 ac
Current owner
From public records · entity-resolved
Trust 1-1375
Trust
Mailing address
PO BOX 433, BLOOMINGDALE, IL 60108-0433
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2009
$850,000
Trust 1-1375
Trust 1-1218
Grant Deed
—
Nov 15, 2007
—
State Bk Of Illinois Trust 1-1218
—
Trustees Deed
related
$150,000 · State Bank Of Illinois
Jan 6, 2006
—
Trust 1-1218
—
Trustees Deed
related
$100,000 · State Bank Of Illinois
Sep 12, 2002
—
State Bank Illinois Trustee
West Chicago City (il)
Quit Claim Deed
related
$500,000 · State Bank Of Illinois
—
—
Trust 1-1218
—
Deed Of Trust
related
$560,000 · State Bank Of Illinois
—
—
State Bank Of Illinois Trustee
—
Deed Of Trust
related
$550,000 · Valley Community Bank
—
—
State Bank Of Illinois Trustee
—
Deed Of Trust
related
$400,000 · State Bank Of Illinois
—
—
State Bank Of Illinois Trustee
—
Deed Of Trust
related
$175,000 · State Bank Of Illinois
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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