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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Warehouses
7307 Mccullom Lk Rd, Wonder Lake, IL 60097-9529
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-1066525
Property summary
AI-generated overview
This exceptional Wonder Lake, IL property offers 10,000 square feet of commercial space across two buildings situated on a 4.78-acre lot at 7307 McCullom Lake Rd, zip code 60097. The property includes six potential rental units. Building one features four 1,200 sq ft units, each with water, a bathroom, and an office. Building two offers two larger units, one at 2,400 sq ft and another at 1,200 sq ft. The property is zoned for Industrial, Mixed Use, Office, and Special Purpose uses. The asking price is $750,000 ($75 per square foot). This prime location just off McCullom Lake Road presents a significant opportunity for income generation and future commercial development or expansion. The property consists of one story buildings. This is a for sale by owner opportunity.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1995
Construction
FRAME
Total area
4,800 SF
Lot
4.28 ac (186,437 SF)
APN
09-18-226-007
UPID
US28-1066525
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
$755k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$755k
Owner & transaction history
Wonder Lake Plaza INC · 1 yrs held
Wonder Lake Plaza INC
since 2024
Last sale
$755,000
3 recorded transactions
Zoning & alternative use
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 Wonder Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wonder Lake 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
$755,000
ML approach
$755,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$610,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$755k
Range $680k – $831k · ±10% · vs last sale $755k (Oct 7 2024)
Last sale anchor
$755k
Oct 7 2024
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
$157 / 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
$11,932
Tax year 2023
Assessed value
$153,051
Assessed 2023
Previous assessed
$153,051
+0.0% YoY
Effective rate
7.80%
On assessed value
Assessed land
$62,925
Assessed improvement
$90,126
Land market value
$188,775
Improvement market value
$270,378
Total market value
$459,153
Applied tax rate
9,003.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1995
Construction
FRAME
Heating
NONE
Total area
4,800 SF
Lot
4.28 ac (186,437 SF)
APN
09-18-226-007
UPID
US28-1066525
Jurisdiction
MCHENRY
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
OFFICE BUILDING
Est. value
$610,000
OFFICE BUILDING
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
1995
Construction
FRAME
Heating
NONE
Lot
4.28 ac
Current owner
From public records · entity-resolved
Wonder Lake Plaza INC
Entity
Mailing address
39207 N QUEENSBURY LN, BEACH PARK, IL 60083-3034
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2024
$755,000
Wonder Lake Plaza INC
Lb Communications INC
Warranty Deed
$684,400 · Us Bank NA
Dec 26, 2018
—
Lb Communications INC
—
Deed
related
$31,586 · State Bank
—
—
Lb Communications INC
—
Deed Of Trust
related
$483,298 · State Bank
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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