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Property profile & analytics
OFF-MARKET
Estimated value
$1,475,000
Office buildings
721 Madison St, Villa Park, IL 60181-3084
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US28-1932547
Property summary
AI-generated overview
This exceptional two-story office building, located at 721 E Madison St in Villa Park, IL (zip code 60181), offers 16,576 square feet of versatile space. Currently, 16,125 square feet is available for lease, divisible into units ranging from 3,000 to 8,125 contiguous square feet. The property boasts a Class B rating, built in 1984, and sits on a substantial 97,095 square foot lot. The building features two suites and ample parking with 96 spaces. While elevators are not present, the building is zoned C and conveniently located near IL Route 83 in the West Suburban Chicago submarket of DuPage County. Property taxes are $1.40 per square foot. The building is suitable for various office uses, including traditional, executive, coworking, medical, and creative office spaces. This prime location offers a blend of convenience and professional atmosphere, making it an ideal choice for businesses seeking flexible and adaptable workspace in a thriving community. The property's address is 721 E Madison St, Villa Park, IL 60181, with the APN 0615200044.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Total area
16,576 SF
Lot
2.23 ac (97,139 SF)
Zoning code
C
APN
06-15-200-044
UPID
US28-1932547
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
Current use
Occupant on record · Public records
-
Global Freight Transportation Inc. Freight Service Logistics Company
-
IBS Securities LLC Financial Advisor
-
Brennan & Clark Ltd Accounting Firm Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.48M
Owner & transaction history
Ahlul Bait Cultural Center Nfp · 3 yrs held
Ahlul Bait Cultural Center Nfp
since 2023
Last sale
$1.5M
2 recorded transactions
Zoning & alternative use
C · Villa Park, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Villa Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Villa Park 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
$1,445,000
ML approach
$1,465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.48M
Range $1.33M – $1.62M · ±10% · vs last sale $1.50M (Apr 18 2023)
Last sale anchor
$1.50M
Apr 18 2023
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
$89 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$27,840
Tax year 2023
Assessed value
$489,680
Assessed 2023
Previous assessed
$399,230
+22.7% YoY
Effective rate
5.69%
On assessed value
Assessed land
$154,820
Assessed improvement
$334,860
Land market value
$464,460
Improvement market value
$1,004,580
Total market value
$1,469,040
Applied tax rate
6,051.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1984
Heating
NONE
Total area
16,576 SF
Lot
2.23 ac (97,139 SF)
Zoning code
C
APN
06-15-200-044
UPID
US28-1932547
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Villa Park, IL
Zoning C · permitted uses
C · Villa Park, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Villa Park. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1984
Heating
NONE
Lot
2.23 ac
Current owner
From public records · entity-resolved
Ahlul Bait Cultural Center Nfp
Individual
Mailing address
721 E MADISON ST STE #1220, VILLA PARK, IL 60181-3084
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2023
$1,500,000
Ahlul Bait Cultural Center Nfp
The Chicago Trust Company N A
Deed
$1,199,900 · Union National Bank
Sep 11, 2002
—
Suburn Bank & Trust Co Trustee
—
Deed Of Trust
related
$1,440,000 · Suburban Bank & Trust Co
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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