707 Iowa Ave 17 Villa Park, IL 60181-1510
Entity Owned
Absentee Owner
~
Est. High Equity
Estimated value (blended)
$400k
Range $360k – $440k (±10%)
Property ID
US28-5825331
Property summary
AI-generated overview
This fully renovated, 10,200 square foot, single-story office building presents a unique investment opportunity in Villa Park, Illinois. Situated on a 22,216 square foot lot at 707-717 N Iowa Ave, this freestanding property boasts a convenient location, immediately off North Avenue (IL Rte. 64) and Addison Road, just one mile west of IL Rte 83 and 13 miles from O'Hare International Airport (ORD). The building, constructed in 1961, features M-1 zoning, allowing for flexibility in its use. Currently configured as a move-in-ready office space with a small storage component and a drive-in door, the property offers significant versatility. Originally a four-unit flex building, it can be easily converted back to its previous multi-tenant configuration, providing options for owner-users to occupy the entire space, lease half, or return it to a multi-tenant flex building. The property includes 35 designated parking spaces, supplemented by ample street parking. The asking price is $999,000, translating to $97.94 per square foot. This presents a compelling opportunity for a variety of users seeking a well-located, adaptable commercial space in the thriving DuPage County market. The property's APN is 06-04-209-018.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1961
Total area
9,984 SF
Lot
0.51 ac (22,216 SF)
Zoning code
I
APN
06-04-209-018
UPID
US28-5825331
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$400k
CAP Approach
CAP
$660k
Comparable Approach
Comparable
$634k
Blend (final)
Blend
$400k
Owner & transaction history
since 2026
5 recorded transactions
Zoning & alternative use
I · Villa Park, IL
Top alternative use upside
Warehouse, storage
$1.0M
+0.6%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 17 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$400k
Value range
$360k – $440k
±10% around blend
Estimated value / SF
$40 / SF
Confidence
High
17 county-verified comps
Property data
75
Market benchmarks
100
Comparable evidence
100
$360k
blend $400k
$440k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
9,984 SF
Lot area
0.51 ac
Year built
1961
APN
06-04-209-018
Assessed value
$250,010
Annual tax
$19,576
3
Income approach: direct capitalization
Partial preview
Income approach indication
$660k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$715k
@ 6.5% CAP return
$660k
@ 7% CAP return
$615k
4
Sales comparison
Partial preview
Sales approach indication
$1.37M
Weighted, 17 comps · high confidence
Evidence
17 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.0 mi away · 8,915 SF
7.8 mi away · 8,621 SF
13.1 mi away · 8,700 SF
13.1 mi away · 9,200 SF
13.6 mi away · 7,800 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$400k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 26 sales
$104
-61%
Submarket 26 sales
$104
-61%
County 744 sales
$116
-66%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $40/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Warehouse, Storage
Gross theoretical uplift
+1%
vs current-use indication
Industrial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 17 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$250k
Move the market yield to see immediate price impact.
Value / SF
$25
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$16k
$315k
$225k
$175k
$18k
$350k
$250k
$194k
$19k
$385k
$275k
$214k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
17 found
High confidence · county-verified
Closest comparable
$755k
4.8 mi · Feb 2026 · $99/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$19,576
Tax year 2023
Assessed value
$250,010
Assessed 2023
Previous assessed
$237,930
+5.1% YoY
Effective rate
7.83%
On assessed value
Assessed land
$41,830
Assessed improvement
$208,180
Land market value
$125,490
Improvement market value
$624,540
Total market value
$750,030
Applied tax rate
6,026.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1961
Heating
NONE
Total area
9,984 SF
Lot
0.51 ac (22,216 SF)
Zoning code
I
APN
06-04-209-018
UPID
US28-5825331
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
I · Villa Park, ILZoning I · permitted uses
I · Villa Park, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1961
Heating
NONE
Lot
0.51 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
I
Jurisdiction
Villa Park, IL
Recorded code
I
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for I in Villa Park, IL.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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