Property profile

7231 Lemont Rd Downers Grove, IL 60516

OFF-MARKET
Turn key restaurants
Property ID
US28-1247589
7,302 SF 1.35 ac lot Built 1986
Entity Owned 7-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1986
Total area 7,302 SF
Lot 1.35 ac (58,806 SF)
Zoning code C
APN 09-29-110-006
UPID US28-1247589

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
  • Electric Vehicle Charging Station
  • Bar & Pub Restaurant

Location

7231 Lemont Rd Downers Grove, IL 60516-3809
Downers Grove metro Census 845704 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$380k
CAP Approach CAP
by Request
Comparable Approach Comparable
$643k
Blend (final) Blend
$380k

Owner & transaction history

since 2018
4 recorded transactions
2018
$1.5M
2012
Price N/A
2002
Price N/A
1999
$12.6M

Zoning & alternative use

C · Downers Grove, IL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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