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Property profile & analytics
OFF-MARKET
Estimated value
$1,190,000
Industrial properties
622 Lk St, Elmhurst, IL 60126-1410
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-0441928
Property summary
AI-generated overview
This exceptional Elmhurst property at 622 W. Lake St. offers a unique blend of retail and self-storage space, totaling 9,875 square feet. The free-standing building, constructed in 1952, boasts 10' to 16' clear ceilings, two drive-in doors, and a sprinkler system, ensuring functionality and safety. The property is divisible into two units, measuring 5,431 and 4,443 square feet, providing flexibility for various business needs. Ample parking is available, catering to both tenants and customers. Benefit from the high-traffic location with prominent billboard signage on US Route 20, maximizing visibility and attracting potential clientele. The property is zoned C3, allowing for a wide range of commercial uses. Annual property taxes are $21,862.26. Currently leased at $9,000 per month net, the property is offered for sale at $1,300,000. This presents a compelling investment opportunity in a prime DuPage County location, with excellent potential for both income generation and future appreciation.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1952
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,624 SF
Lot
0.58 ac (25,265 SF)
Zoning code
I
APN
03-27-410-027
UPID
US28-0441928
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
-
Cue-N-Cushion (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.57M
Blend (final)
Blend
$1.19M
Owner & transaction history
Six Twenty Two Studio LLC · 1 yrs held
Six Twenty Two Studio LLC
since 2024
Last sale
$1.2M
1 recorded transaction
Zoning & alternative use
I · Elmhurst, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.7M
+56.5%
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 Elmhurst submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elmhurst 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
$1,190,000
ML approach
$1,190,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,100,000
Current use
OFFICE BUILDING
$1,725,000
Change: +56% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,000,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$1.19M
Range $1.07M – $1.31M · ±10% · vs last sale $1.19M (Oct 10 2024)
Last sale anchor
$1.19M
Oct 10 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
$124 / SF
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
$23,128
Tax year 2023
Assessed value
$374,750
Assessed 2023
Previous assessed
$374,750
+0.0% YoY
Effective rate
6.17%
On assessed value
Assessed land
$144,810
Assessed improvement
$229,940
Land market value
$434,430
Improvement market value
$689,820
Total market value
$1,124,250
Applied tax rate
3,234.0000
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 properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1952
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Total area
9,624 SF
Lot
0.58 ac (25,265 SF)
Zoning code
I
APN
03-27-410-027
UPID
US28-0441928
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
I · Elmhurst, IL
Zoning I · permitted uses
I · Elmhurst, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elmhurst. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.7M
WAREHOUSE, STORAGE
Est. value
$1.0M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1952
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Lot
0.58 ac
Current owner
From public records · entity-resolved
Six Twenty Two Studio LLC
Entity
Mailing address
10123 S 86TH CT, PALOS HILLS, IL 60465-1604
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2024
$1,187,500
Six Twenty Two Studio LLC
Chicago Title Land Trust Company
Deed
$831,250 · Velocity Commercial Capital LLC
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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