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Property profile & analytics
OFF-MARKET
Estimated value
$2,625,000
Retail space
714 Elm St 16th, Winnetka, IL 60093-2506
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US28-5671811
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1929
Total area
10,065 SF
Lot
0.27 ac (11,689 SF)
APN
05-21-109-003
UPID
US28-5671811
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.64M
CAP Approach
CAP
$2.15M
Comparable Approach
Comparable
$2.08M
Blend (final)
Blend
$2.63M
Owner & transaction history
Mdg Winnetka One LP · 1 yrs held
Mdg Winnetka One LP
since 2024
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.3M
+188.2%
Neighborhood: shopping center
$2.2M
+47.1%
Apartment house (5+ units)
$1.7M
+11.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Winnetka submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Winnetka submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,610,000
ML approach
$2,635,000
CAP Approach
CAP Return
Estimation
6%
$2,330,000
6.5%
$2,150,000
7%
$1,995,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,325,000
Change: +188% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,205,000
Change: +47% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,675,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$2.63M
Range $2.36M – $2.89M · ±10% · vs last sale $2.63M (Oct 6 2021)
Last sale anchor
$2.63M
Oct 6 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$261 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$61,340
Tax year 2022
Assessed value
$281,048
Assessed 2022
Previous assessed
$418,105
-32.8% YoY
Effective rate
21.83%
On assessed value
Assessed land
$73,056
Assessed improvement
$207,992
Land market value
$292,224
Improvement market value
$831,968
Total market value
$1,124,192
Applied tax rate
23,008.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1929
Heating
NONE
Stories
1
Total area
10,065 SF
Lot
0.27 ac (11,689 SF)
APN
05-21-109-003
UPID
US28-5671811
Jurisdiction
COOK
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$4.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1929
Heating
NONE
Stories
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Mdg Winnetka One LP
Entity
Mailing address
3400 W STONEGATE BLVD STE #5200, ARLINGTON HEIGHTS, IL 60005-1045
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2025
—
Mdg Winnetka One LP
—
Deed
related
$66,000,000 · Dpi Acres Capital LLC
Aug 23, 2024
$14,000,000
Mdg Winnetka One LP
Ric Winnetka Lincoln LLC
Special Warranty Deed
$7,000,000 · Signature Bank
Oct 6, 2021
—
Ric LLC
David M Trandel
Commissioners Deed
related
—
Feb 20, 2018
—
Sb One Winnetka LLC
—
Grant Deed
related
$3,000,000 · T2 Winnetka I LLC
Feb 16, 2017
—
Sb One Winnetka LLC
—
Grant Deed
related
$11,750,000 · Romspen Mtg
Nov 29, 2016
—
Sb One Winnetka LLC
—
Deed
related
$1,750,000 · Peak6 LLC
Jul 25, 2016
$254,000
Sb One Winnetka LLC
Winnetka Station LLC
Grant Deed
related
—
Aug 28, 2013
$2,630,000
Winnetka Station LLC
Ntp-elm Street LLC
Grant Deed
—
Aug 17, 2011
—
Ntp-elm Street LLC
—
Trustees Deed
related
$450,000 · Signature Bank
Jul 7, 2009
$2,100,000
Ntp-elm Street LLC
First Midwest Bank
Grant Deed
$1,680,000 · Signature Bank
Jul 2, 2009
—
First Midwest Bank
Montesano Cap Mgmt Holdings
Grant Deed
related
—
Jun 20, 2008
—
Montesano Cap Mgmt Holdings Ll
Montesano Capital Mgmt INC
Quit Claim Deed
related
$2,565,000 · First Midwest Bank
May 25, 2004
$2,750,000
Montesano Capital Management
714 Elm Street LLC
Grant Deed
related
—
—
—
Winnetka Station LLC
—
Deed Of Trust
related
$1,869,233 · Signature Bk
—
—
Sb One Winnetka LLC
—
Deed Of Trust
related
$1,750,000 · Peak6 LLC
—
—
Sb One Winnetka LLC
—
Loan Modification
related
$1,869,233 · Signature Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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