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Property profile & analytics
OFF-MARKET
Estimated value
$9,000,000
Commercial real estate
60 Lk St Northlake, IL 60164-2420
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US28-0297839
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2003
Lot
3.62 ac (157,687 SF)
APN
15-05-101-075
UPID
US28-0297839
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
-
Southwest Auto Repair & Mufflers Auto Repair Shop
-
Metro Self Storage - Northlake Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.00M
Owner & transaction history
Ilu2802pe LP
Ilu2802pe LP
since 2025
Last sale
$9.0M
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 Northlake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Northlake 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
$197,213
Tax year 2022
Assessed value
$514,361
Assessed 2022
Previous assessed
$514,361
+0.0% YoY
Effective rate
38.34%
On assessed value
Assessed land
$315,024
Assessed improvement
$199,337
Land market value
$1,260,096
Improvement market value
$797,348
Total market value
$2,057,444
Applied tax rate
31,056.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2003
Heating
NONE
Lot
3.62 ac (157,687 SF)
APN
15-05-101-075
UPID
US28-0297839
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
2003
Heating
NONE
Lot
3.62 ac
Current owner
From public records · entity-resolved
Ilu2802pe LP
Entity
Mailing address
13528 W BOULTON BLVD, METTAWA, IL 60045-4501
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Sep 29, 2025
$9,000,000
Ilu2802pe LP
Northlake Storage LLC
Special Warranty Deed
$88,200,000 · Societe Generale Financial Corp
Aug 11, 2023
—
Northlake Storage LLC
—
Deed
related
$15,500,000 · Empower Annuity Insurance Company
Jul 26, 2013
$3,064,000
Northlake Storage LLC
Northlake Storage LP
Grant Deed
related
—
Jan 28, 2010
—
West Chicago Storage LP
—
Deed Of Trust
related
$6,267,000 · Resource R/e Fndg Cdo 2007-1
Oct 27, 2006
$3,200,000
Northlake Storage
Trust 7649
Grant Deed
—
Jul 12, 2005
—
Trust 7649
—
Trustees Deed
related
$100,000 · North Shore Community Bank
Dec 31, 2002
—
Us Bank NA Trustee
—
Deed Of Trust
related
$1,900,000 · North Shore Comm Bank & Trust
—
—
Chicago Storage West
—
Deed Of Trust
related
$6,267,000 · Ubs Real Estate Securities INC
—
—
Trust 7649
—
Deed Of Trust
related
$250,000 · Allen Golden
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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