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    Property profile & analytics

    707 Rockland Rd Lake Bluff, IL 60044-2216

    • Turn key restaurants
    • 2,261 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimation
    $350,000
    Location Intelligence
    Property ID
    US28-1526876
    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 707 Rockland Rd

    Year built
    2015
    Construction
    BRICK
    Lot size
    0.13 lot acres
    Property size
    2,261 SF
    Property type
    Turn key restaurants
    APN
    12-19-117-011
    APU
    1219117011

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $330,000

    • CAP approach

      CAP return
      Estimation
      6%
      $345,000
      6.5%
      $335,000
      7%
      $340,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $395,000
      Geo Method
      $405,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $430,000
      Retail
      $345,000
      Mixed-Use
      $370,000
      Hospitality
      $440,000
      Educational
      $410,000
      Residential Income
      $415,000
      Energy
      $385,000
      Income-Based Land
      $420,000
      Food Service
      $430,000

    Location Insight

    • Map
    • Local Demand
    City
    Lake Bluff
    County
    Lake
    State
    Illinois
    Longitude
    -87.877
    Latitude
    42.2801
    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
    $8,219
    $45,562
    $98,132
    $143,694
    -
    $136,700
    $294,425
    $431,125

    Comparable in this City

    • Value Estimation
      $385,000
      2,277 SF

      4 Waukegan Rd

      RESTAURANT • 2,277 SF
      4 Waukegan Rd, Lake Bluff, IL 60044-1668
      View Details
    • Value Estimation
      $320,000
      1,984 SF

      715 Rockland Rd

      RESTAURANT • 1,984 SF
      715 Rockland Rd, Lake Bluff, IL 60044-2216
      View Details
    • Value Estimation by Request
      4,903 SF

      30417 Skokie Hwy

      RESTAURANT • 4,903 SF
      30417 Skokie Hwy, Lake Bluff, IL 60044
      View Details
    • Value Estimation
      $320,000
      3,500 SF

      515 Rockland Rd

      RESTAURANT • 3,500 SF
      515 Rockland Rd, Lake Bluff, IL 60044-1724
      View Details
    • Value Estimation
      $360,000
      3,446 SF

      101 Waukegan Rd

      RESTAURANT • 3,446 SF
      101 Waukegan Rd, Lake Bluff, IL 60044-1686
      View Details
    • Value Estimation by Request
      2,092 SF

      203 Waukegan Rd

      RESTAURANT • 2,092 SF
      203 Waukegan Rd, Lake Bluff, IL 60044-1671
      View Details

    Similar Nearby for Sale

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      250 SF

      Lake Bluff Redevelopment Opportunity

      Prime Lake County commercial land, vacant office building.
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    • $1,975,000
      2.75 Acres

      Lake Bluff Redevelopment Site

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      Multi-Tenant Office Building For Sale

      45,018 SF multi-tenant office building in Lake Bluff, Illinois.
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      View Details
    • $199,000
      1.00 Acre

      Rare Wooded Lot in Lake Bluff

      One-acre wooded lot in Lake Bluff's Arden Shores Estates.
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      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      52,000 SF

      Lake Bluff Office Space: 14,990 SF Available

      Prime Lake Bluff location, modern office suites, flexible lease terms.
      0 Skokie Hwy, Lake Bluff, IL 60044
      View Details
    • Contact for pricing
      43,560 SF

      Truck Parking or Outside Storage Yard

      Distribution properties
      123 Skokie Hwy, Lake Bluff, IL 60044
      View Details
    • Contact for pricing
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      Flex Space Near I-94

      Office or flex space with ample parking near I-94.
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      View Details
    • Contact for pricing
      93,903 SF

      Lake Bluff Office Space Available

      Class B Office, 35,000 SF Sublease
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      View Details
    • Contact for pricing
      67,879 SF

      Lake Bluff Warehouse Space Available

      Warehouse space with ample parking, near I-94.
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      View Details
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    707 Rockland Rd
    Lake Bluff, IL 60044-2216
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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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