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    Property profile & analytics

    655 Frst Ave Lake Forest, IL 60045-1819

    • Turn key restaurants
    • 14,787 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimation
    $3,075,000
    Last Sale
    Apr 16, 2021
    $2,800,000
    Location Intelligence
    Property ID
    US28-1674195
    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

    • Turn key restaurants

    Property Details for 655 Frst Ave

    Year built
    1925
    Construction
    BRICK
    Lot size
    0.23 lot acres
    Property size
    14,787 SF
    Property type
    Turn key restaurants
    APN
    12-33-113-009
    APU
    1233113009

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,190,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,990,000
      6.5%
      $2,970,000
      7%
      $2,705,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,080,000
      Geo Method
      $2,490,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,630,000
      Retail
      $2,305,000
      Mixed-Use
      $3,120,000
      Hospitality
      $3,040,000
      Educational
      $2,605,000
      Residential Income
      $2,690,000
      Energy
      $2,895,000
      Income-Based Land
      $2,315,000
      Food Service
      $2,730,000

    Location Insight

    • Map
    • Local Demand
    City
    Lake Forest
    County
    Lake
    State
    Illinois
    Longitude
    -87.8413
    Latitude
    42.2518
    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
    2023
    $42,427
    $250,735
    $493,841
    $744,576
    -
    $752,280
    $1,481,671
    $2,233,951

    Comparable in this City

    • Value Estimation by Request
      51,564 SF

      500 Western Ave

      RETAIL STORES (PERSONAL SERVICES) • 51,564 SF
      500 Western Ave, Lake Forest, IL 60045-1954
      View Details
    • Value Estimation
      $520,000
      3,432 SF

      104 Washington Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,432 SF
      104 Washington Rd, Lake Forest, IL 60045-2498
      View Details
    • Value Estimation
      $475,000
      11,160 SF

      834 Western Ave

      RETAIL STORES (PERSONAL SERVICES) • 11,160 SF
      834 Western Ave, Lake Forest, IL 60045
      View Details
    • Value Estimation
      $455,000
      5,964 SF

      179 Deerpath

      GYM, HEALTH SPA • 5,964 SF
      179 Deerpath, Lake Forest, IL 60045-1911
      View Details
    • Value Estimation
      $655,000
      21,075 SF

      241 Deerpath

      FINANCIAL BUILDING • 21,075 SF
      241 Deerpath, Lake Forest, IL 60045-1913
      View Details
    • Value Estimation by Request
      5,925 SF

      720 Western Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,925 SF
      720 Western Ave, Lake Forest, IL 60045-1820
      View Details

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    Property Visit Statistics

    • Visits by month
      5.1k
    • Visitors by month
      3.4k
    • Avg Time on site
      22 min
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    655 Frst Ave
    Lake Forest, IL 60045-1819
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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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