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Property profile & analytics
OFF-MARKET
Estimated value
$7,985,000
Industrial land
615 Kankakee Riv Dr, Wilmington, IL 60481-8864
Entity Owned
2-yr Hold
Absentee Owner
Property ID
US28-4869335
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
3.79 ac (165,092 SF)
APN
03-17-25-201-005
UPID
US28-4869335
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.99M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.99M
Owner & transaction history
Gtv Wilmington LLC · 2 yrs held
Gtv Wilmington LLC
since 2024
Last sale
$8.0M
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 Wilmington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wilmington 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
$7,985,000
ML approach
$7,985,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.99M
Range $7.19M – $8.78M · ±10% · vs last sale $7.98M (Apr 22 2024)
Last sale anchor
$7.98M
Apr 22 2024
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
—
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
$1,994
Tax year 2023
Assessed value
$25,755
Assessed 2023
Previous assessed
$25,755
+0.0% YoY
Effective rate
7.74%
On assessed value
Assessed land
$25,755
Land market value
$77,265
Total market value
$77,265
Applied tax rate
302.0000
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
3.79 ac (165,092 SF)
APN
03-17-25-201-005
UPID
US28-4869335
Jurisdiction
WILL
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
Heating
NONE
Lot
3.79 ac
Current owner
From public records · entity-resolved
Gtv Wilmington LLC
Entity
Mailing address
9500 BRYN MAWR AVE STE #130, ROSEMONT, IL 60018-5219
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2024
$7,982,859
Gtv Wilmington LLC
Tp Wilmington I LLC
Special Warranty Deed
—
Dec 21, 2022
$6,500,000
Tp Wilmington I LLC
Kankakee River LLC
Special Warranty Deed
$4,100,000 · Associated Bank NA
Jan 17, 2020
—
Kankakee River LLC
—
Deed
related
$1,900,000 · The First National Bank Of Ottawa
May 31, 2016
$132,800
Union Pacific Railroad Co
Kankakee River LLC
Warranty Deed
—
May 22, 2009
$4,750,000
Kankakee River LLC
Trust 5332
Grant Deed
$2,450,000 · American Chartered Bk
May 20, 2009
—
Kankakee River LLC
—
Deed Of Trust
related
$1,960,000 · American Chartered Bk
May 1, 2009
$4,185,000
Kankakee River LLC
Owner Name Unavailable
Grant Deed
related
—
May 31, 2006
—
Trust 5332
—
Deed Of Trust
related
$600,000 · Libertyville Bk
Jun 28, 2005
—
Trust 5332
—
Deed Of Trust
related
$4,200,000 · Libertyville Bk
Mar 9, 2005
$1,400,000
Trust 5332
Phibro-tech INC
Grant Deed
—
—
—
Trust 5332
—
Deed Of Trust
related
$4,200,000 · Libertyville Bk
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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