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    Property profile & analytics

    6500 16th St Berwyn, IL 60402-1307

    • Retail space
    • 0.15 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Apr 19, 2023
    Location Intelligence
    Property ID
    US28-2682188
    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

    • Retail space

    Property Details for 6500 16th St

    Year built
    2000
    Lot size
    0.15 lot acres
    Property type
    Retail space
    Property subtype
    Storefront properties
    APN
    16-19-405-052
    APU
    1619405052

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Berwyn
    County
    Cook
    State
    Illinois
    Longitude
    -87.7864
    Latitude
    41.8577
    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
    2022
    $47,347
    $25,955
    $92,183
    $118,138
    -
    $103,820
    $368,732
    $472,552

    Comparable in this City

    • Value Estimation by Request
      0.14 Acres

      6800 Cermak Rd

      STORE, RETAIL OUTLET • 0.14 Acres
      6800 Cermak Rd, Berwyn, IL 60402-2236
      View Details
    • Value Estimation by Request
      0.17 Acres

      2150 Cermak Rd

      STORE, RETAIL OUTLET • 0.17 Acres
      2150 Cermak Rd, Berwyn, IL 60402
      View Details
    • Value Estimation by Request
      9,000 SF

      6310 Cermak Rd

      Individual retail properties • 9,000 SF
      6310 Cermak Rd, Berwyn, IL 60402
      View Details
    • Value Estimation
      $1,075,000
      0.08 Acres

      6820 Windsor Ave

      STORE, RETAIL OUTLET • 0.08 Acres
      6820 Windsor Ave, Berwyn, IL 60402-3477
      View Details
    • Value Estimation
      $400,000
      0.24 Acres

      6201 Cermak Rd

      STORE, RETAIL OUTLET • 0.24 Acres
      6201 Cermak Rd, Berwyn, IL 60402-5742
      View Details
    • Value Estimation by Request
      0.07 Acres

      6504 16th St

      STORE, RETAIL OUTLET • 0.07 Acres
      6504 16th St, Berwyn, IL 60402-1307
      View Details

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    Similar Nearby for Lease

    • Contact for pricing

      Prime Berwyn Storefront/Office Space

      4,000 SF commercial space on high-traffic Cermak Road.
      6308 Cermak Ave, Berwyn, IL 60402
      View Details
    • $2,700 /Mo
      1,350 SF

      Remodeled Berwyn Retail/Office Space

      Newly remodeled retail/office space in Berwyn's business district.
      6227-6229 Cermak Rd, Berwyn, IL 60402
      View Details
    • $37 SF/Yr
      2,418 SF

      Retail Space on Cermak Road

      Retail space on a major thoroughfare near regional mall.
      7104 Cermak Rd, Berwyn, IL 60402
      View Details
    • Contact for pricing

      Berwyn Commercial Space with Showroom

      Commercial space with showroom available for rent in Berwyn, IL.
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      1,100 SF

      Retail Space on Cermak Road

      Retail space available on a major thoroughfare near regional mall.
      7046 Cermak Rd, Berwyn, IL 60402
      View Details
    • Contact for pricing

      Prime Berwyn Retail/Office Space

      Modern retail/office space in Berwyn's thriving Depot District.
      3200 Oak Park Ave, Berwyn, IL 60402
      View Details
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    6500 16th St
    Berwyn, IL 60402-1307
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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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