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    Property profile & analytics

    601 Burnett Rd Island Lake, IL 60042-9200

    • Warehouses
    • 25,080 SF
    • 5.00 lot acres
    OFF-MARKET
    Value Estimation
    $2,790,000
    Last Sale
    Feb 29, 2024
    $2,675,000
    Location Intelligence
    Property ID
    US28-1264177
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Robert E Hummel Construction Co / General Contractor
    • Barbara Berthold Interior Design / Interior Designer

    Property Details for 601 Burnett Rd

    Year built
    1990
    Construction
    BRICK
    Lot size
    5.00 lot acres
    Property size
    25,080 SF
    Property type
    Warehouses
    APN
    09-21-200-017
    APU
    921200017

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,675,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,730,000
      6.5%
      $2,970,000
      7%
      $2,615,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,195,000
      Geo Method
      $3,065,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,880,000
      Retail
      $2,490,000
      Mixed-Use
      $3,085,000
      Hospitality
      $2,960,000
      Educational
      $3,200,000
      Residential Income
      $3,285,000
      Energy
      $3,170,000
      Income-Based Land
      $3,155,000
      Food Service
      $2,575,000

    Location Insight

    • Map
    • Local Demand
    City
    Island Lake
    County
    Lake
    State
    Illinois
    Longitude
    -88.1872
    Latitude
    42.2846
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $56,083
    $156,074
    $181,809
    $337,883
    -
    $468,269
    $545,482
    $1,013,751

    Comparable in this City

    • Value Estimation
      $1,585,000
      10,500 SF

      908 Burnett Rd

      WAREHOUSE, STORAGE • 10,500 SF
      908 Burnett Rd, Island Lake, IL 60042-9167
      View Details
    • Value Estimation
      $290,000
      286 SF

      28264 Burnett Rd

      WAREHOUSE, STORAGE • 286 SF
      28264 Burnett Rd, Island Lake, IL 60042
      View Details
    • Value Estimation
      $950,000
      16,800 SF

      518 Burnett Rd

      WAREHOUSE, STORAGE • 16,800 SF
      518 Burnett Rd, Island Lake, IL 60042-9203
      View Details
    • Value Estimation
      $755,000
      18,200 SF

      910 Burnett Rd

      WAREHOUSE, STORAGE • 18,200 SF
      910 Burnett Rd, Island Lake, IL 60042-9167
      View Details
    • Value Estimation
      $355,000
      4,800 SF

      28976 Darrell Rd

      MINI-WAREHOUSE, STORAGE • 4,800 SF
      28976 Darrell Rd, Island Lake, IL 60042
      View Details
    • Value Estimation
      $475,000
      9,600 SF

      912 Burnett Rd

      WAREHOUSE, STORAGE • 9,600 SF
      912 Burnett Rd, Island Lake, IL 60042-9167
      View Details

    Similar Nearby for Sale

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      Island Lake Live/Work Compound

      19-acre estate, 8,000 sq ft, ideal live/work
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    • Contact for pricing

      Residential Land in Island Lake

      Land available for building a dream home in Island Lake.
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      Island Lake Waterfront Land Opportunity

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    Similar Nearby for Lease

    • Contact for pricing
      7,130 SF

      Island Lake Retail Center - 7,130 SF

      Prime Retail Space, Multiple Units Available
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      View Details
    • $2,000 /Mo
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      Three-bedroom home with Fox River view, available August 1, 2025.
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      View Details
    • Contact for pricing

      Retail Space in Island Lake

      High-visibility end-cap unit suitable for various businesses.
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      View Details
    • Contact for pricing

      High Visibility Island Lake Retail

      Retail space in high-traffic shopping center with ample parking.
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    • $13 SF/Yr
      1,300 SF

      Remodeled Retail Space in Island Lake

      1,300 SF remodeled retail space in Westridge Shopping Center.
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      View Details
    • Contact for pricing

      Retail Space in Island Lake

      High-visibility retail space with ample parking and easy access.
      125 E State Rd, Island Lake, IL 60042
      View Details
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    601 Burnett Rd
    Island Lake, IL 60042-9200
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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