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Property profile & analytics
OFF-MARKET
Warehouses
61 Mcmillen Rd, Antioch, IL 60002-1844
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US28-0883938
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1970
Construction
FRAME
Total area
1,740 SF
Lot
5.4 ac (235,224 SF)
APN
02-08-405-039
UPID
US28-0883938
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
-
Ash Pallet Management, Inc Freight Service Logistics Company
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
Ash Property Management LLC · 10 yrs held
Ash Property Management LLC
since 2015
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 Antioch submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Antioch 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 2023Property tax & assessments
Tax year 2023
Tax billed
$46,483
Tax year 2023
Assessed value
$704,969
Assessed 2023
Previous assessed
$413,846
+70.3% YoY
Effective rate
6.59%
On assessed value
Assessed land
$240,257
Assessed improvement
$464,712
Land market value
$720,843
Improvement market value
$1,394,275
Total market value
$2,115,118
Applied tax rate
4,034.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1970
Construction
FRAME
Heating
NONE
Total area
1,740 SF
Lot
5.4 ac (235,224 SF)
APN
02-08-405-039
UPID
US28-0883938
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
Building & site characteristics
From public records
Year built
1970
Construction
FRAME
Heating
NONE
Lot
5.4 ac
Current owner
From public records · entity-resolved
Ash Property Management LLC
Entity
Mailing address
61 MCMILLEN RD, ANTIOCH, IL 60002-1844
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2024
—
Mcmillen Investors LLC
—
Deed
related
$1,500,000 · Cornerstone National Bank & Trust Co
Mar 1, 2023
—
Ash Property Management LLC
—
Deed
related
$3,300,000 · Cornerstone National Bank & Trust Co
Jul 26, 2022
—
Ash Property Management LLC
—
Deed
related
$2,900,000 · Cornerstone National Bank & Trust Co
Sep 8, 2016
—
Ash Property Mgmt LLC
—
Deed
related
$475,000 · Somercor 504
Oct 13, 2015
$1,000,000
Ash Property Management LLC
Firstmerit Bank NA
Quit Claim Deed
related
$575,000 · Cornerstone National Bank & Trust C
Apr 14, 2014
—
Firstmerit Bk NA
Sheriff Of Lake County
Trustees Deed
related
—
Mar 21, 2006
—
Wayne Hummer Trust Co NA
Northside Community Bank
Deed
$1,200,000 · Libertyville Bank & Trust Co
Nov 19, 2004
—
Trust 2219
—
Trustees Deed
related
$100,000 · Northside Community Bank
Dec 12, 2002
—
Northside Community Bank Ttee
Chicago Title Land Trt Co Ttee
Grant Deed
related
$1,400,000 · Northside Community Bank
—
—
Trust Sbl-2168
—
Deed Of Trust
related
$2,500,000 · First Bank
—
—
Trust Sbl-2168
—
Deed Of Trust
related
$1,000,000 · Fifth Third Bank
—
—
Moustakis Family LLC
—
Deed Of Trust
related
$106,824 · Riverside Business Center LLC
—
—
Chicago Title & Trust Co Ttee
—
Deed Of Trust
related
$1,200,000 · American Nat'l Bk & Tr Chicago
—
—
Chicago Title & Trust Trustee
—
Deed Of Trust
related
$500,000 · Northside Community Bank
—
—
Ash Property Mgmt LLC
—
Deed Of Trust
related
$475,000 · Somercor 504
—
—
Northside Community Bank Ttee
—
Deed Of Trust
related
$2,500,000 · Northside Community 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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