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    Property profile & analytics

    7020 High Grove Blvd Burr Ridge, IL 60527

    • Industrial properties
    • 61,481 SF
    • 3.99 lot acres
    For Lease
    View listing
    $22 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-0181277
    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

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 7020 High Grove Blvd

    Year built
    2000
    Lot size
    3.99 lot acres
    Property size
    61,481 SF
    Property type
    Industrial properties
    APN
    09-24-308-007
    APU
    924308007

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,410,000
      6.5%
      $4,070,000
      7%
      $3,780,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,607,000
      Market price range: $1.53M - $4.11M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $6,405,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Burr Ridge
    County
    Dupage
    State
    Illinois
    Longitude
    -87.932
    Latitude
    41.763
    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
    $117,497
    $516,620
    $1,696,470
    $2,213,090
    -
    $1,549,860
    $5,089,410
    $6,639,270

    Comparable in this City

    • Value Estimation
      $7,910,000
      111,892 SF

      7000 High Grv Blvd

      INDUSTRIAL (GENERAL) • 111,892 SF
      7000 High Grv Blvd, Burr Ridge, IL 60527-7595
      View Details
    • Value Estimation
      $720,000
      12,428 SF

      681 Commerce St

      INDUSTRIAL (GENERAL) • 12,428 SF
      681 Commerce St, Burr Ridge, IL 60527-7599
      View Details
    • Value Estimation
      $7,260,000
      136,618 SF

      15th S Frontage Rd

      INDUSTRIAL (GENERAL) • 136,618 SF
      15th S Frontage Rd, Willowbrook, IL 60527
      View Details
    • Value Estimation
      $650,000
      10,091 SF

      100 Shr Dr

      INDUSTRIAL (GENERAL) • 10,091 SF
      100 Shr Dr, Burr Ridge, IL 60527-5819
      View Details
    • Value Estimation
      $5,745,000
      111,038 SF

      51 Shr Dr Ste, Unit 1

      INDUSTRIAL (GENERAL) • 111,038 SF
      51 Shr Dr Ste, Burr Ridge, IL 60527-5888
      View Details
    • Value Estimation by Request
      4.03 Acres

      145 Tower Dr Ste, Unit 4

      CONDOMINIUMS (INDUSTRIAL) • 4.03 Acres
      145 Tower Dr Ste, Burr Ridge, IL 60527-7836
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      52,542 SF

      Single-Story Office/Flex Building For Sale

      52,542 SF office/flex building with convenient I-55 access.
      600 E Joliet Rd, Willowbrook, IL 60527
      View Details
    • $450,000
      0.55 Acres

      Residential Lot in Turnberry

      0.55-acre residential lot for custom luxury home.
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      Burr Ridge Bio-Skills Lab Space

      Lower level bio-skills lab with specialized infrastructure and utilities.
      7075 Veterans Blvd, Burr Ridge, IL 60527
      View Details
    • $700,000
      4.00 Acres

      Land Approved for Townhomes

      Land approved for building 20 townhomes in Burr Ridge.
      16W415 99Th St, Burr Ridge, IL 60527
      View Details
    • $1,200,000
      1.00 Acre

      Willowbrook Commercial Building on Kingery Highway

      Two-story commercial building in Willowbrook with high visibility.
      10S660 Kingery Hwy, Willowbrook, IL 60527
      View Details
    • $369,999
      0.36 Acres

      Land in Burr Ridge

      Prime lot for custom home in Burr Ridge cul-de-sac.
      7213 Giddings Ave, Burr Ridge, IL 60527
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Burr Ridge Location For Lease

      Located in Burr Ridge, exposure off the highway.
      7700 Brush Hl Rd, Burr Ridge, IL 60527
      View Details
    • $12 SF/Yr

      Burr Ridge Industrial Space Available

      Industrial property in Burr Ridge, IL, available for rent.
      7926-8010 S Madison St, Burr Ridge, IL 60527
      View Details
    • $11 SF/Yr
      1,713 SF

      Willowbrook Warehouse Space Available

      86,622 SF warehouse space for lease in Willowbrook, IL.
      231 S Frontage Rd, Willowbrook, IL 60527
      View Details
    • Sponsored
      Contact for pricing

      Village Center

      Discover many ways to work your way in Village Center
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      View Details
    • Contact for pricing

      Burr Ridge Flex Space Sublease

      2,750 SF flex unit in Burr Ridge business park.
      7928 Madison St, Burr Ridge, IL 60527
      View Details
    • $12 SF/Yr
      40,145 SF

      Burr Ridge Warehouse Space

      40,145 SF warehouse space available for lease.
      451 Commerce St, Burr Ridge, IL 60527
      View Details
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    7020 High Grove Blvd
    Burr Ridge, IL 60527
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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