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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Retail space
617 Main St, Mount Prospect, IL 60056-2112
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-0232231
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1961
Lot
0.35 ac (15,275 SF)
APN
03-34-200-037
UPID
US28-0232231
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
-
Mount Prospect Liquors (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$580k
Owner & transaction history
Kris Food & Liquors LLC · 2 yrs held
Kris Food & Liquors LLC
since 2023
Last sale
$600,000
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 Mount Prospect submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Prospect 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
$565,000
ML approach
$560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$580k
Range $522k – $638k · ±10% · vs last sale $600k (Sep 7 2023)
Last sale anchor
$600k
Sep 7 2023
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 2022Property tax & assessments
Tax year 2022
Tax billed
$42,973
Tax year 2022
Assessed value
$150,689
Assessed 2022
Previous assessed
$122,064
+23.5% YoY
Effective rate
28.52%
On assessed value
Assessed land
$57,281
Assessed improvement
$93,408
Land market value
$229,124
Improvement market value
$373,632
Total market value
$602,756
Applied tax rate
38,098.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1961
Heating
NONE
Stories
1
Lot
0.35 ac (15,275 SF)
APN
03-34-200-037
UPID
US28-0232231
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
1961
Heating
NONE
Stories
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Kris Food & Liquors LLC
Entity
Mailing address
2315 WESTVIEW DR, DES PLAINES, IL 60018-2650
Ownership since
2023
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
Sep 7, 2023
$600,000
Kris Food & Liquors LLC
1 Building LLC
Warranty Deed
$840,000 · Parkway Bank & Trust Co
Mar 28, 2012
$590,000
1 Building LLC
Interra Main Street Holdings L
Warranty Deed
$450,000 · American Midwest Bank
May 8, 2006
$1,155,000
Main Street Holdings I Interra
611-617 N Main Street INC
Warranty Deed
related
$866,250 · Americaunited Bk & Tr Co USA
Jun 23, 2005
$900,000
611-617 N Main Street INC
Nsh Kedzie Blockbuster LLC
Warranty Deed
$566,250 · First Midwest Bank
Jun 23, 2005
—
Nsh Kedzie Blockbuster LLC
North Shore Holdings Ltd
Quit Claim Deed
related
—
Dec 4, 2002
—
North Shore H Oldings Ltd
Cosmopolitan Bank & Trust Ttee
Grant Deed
$327,250 · 3 Ds Investment
—
—
North Shore Holdings Ltd
—
Deed Of Trust
related
$365,000 · Labe Bank
—
—
North Shore Holdings
—
Deed Of Trust
related
$165,000 · Labe 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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