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Property profile & analytics
OFF-MARKET
Estimated value
$16,330,000
Commercial real estate
7349 Lemont Rd, Downers Grove, IL 60516-3807
Entity Owned
1-yr Hold
Free & Clear
Property ID
US28-1466941
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1979
Total area
113,796 SF
Lot
9.5 ac (413,820 SF)
Zoning code
C
APN
09-29-110-017
UPID
US28-1466941
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
-
HomeGoods Department Store
-
T.J. Maxx & HomeGoods Clothing Store Children'S Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$16.33M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$18.20M
Blend (final)
Blend
$16.33M
Owner & transaction history
Viking Dpp Holdings LLC · 1 yrs held
Viking Dpp Holdings LLC
since 2024
Last sale
$16.3M
6 recorded transactions
Zoning & alternative use
C · Downers Grove, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$25.6M
+1.9%
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 Downers Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Downers Grove 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
$16,330,000
ML approach
$16,330,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$25,155,000
Current use
MEDICAL BUILDING
$25,635,000
Change: +2% · Conversion: Easy
RETAIL STORES
$24,520,000
Change: -3% · Conversion: Easy
OFFICE BUILDING
$20,395,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$16.33M
Range $14.70M – $17.96M · ±10% · vs last sale $16.33M (Jul 31 2024)
Last sale anchor
$16.33M
Jul 31 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
$144 / 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
$159,329
Tax year 2023
Assessed value
$2,680,360
Assessed 2023
Previous assessed
$2,387,790
+12.3% YoY
Effective rate
5.94%
On assessed value
Assessed land
$1,465,920
Assessed improvement
$1,214,440
Land market value
$4,397,760
Improvement market value
$3,643,320
Total market value
$8,041,080
Applied tax rate
9,026.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1979
Heating
NONE
Stories
1
Total area
113,796 SF
Lot
9.5 ac (413,820 SF)
Zoning code
C
APN
09-29-110-017
UPID
US28-1466941
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Downers Grove, IL
Zoning C · permitted uses
C · Downers Grove, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Downers Grove. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$25.2M
MEDICAL BUILDING
Est. value
$25.6M
RETAIL STORES
Est. value
$24.5M
OFFICE BUILDING
Est. value
$20.4M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RETAIL STORES
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
1979
Heating
NONE
Stories
1
Lot
9.5 ac
Current owner
From public records · entity-resolved
Viking Dpp Holdings LLC
Entity
Free & Clear · 1 yrs held
Mailing address
240 MADISON AVE 701ST NEW YORK
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2024
$16,331,500
Viking Dpp Holdings LLC
Pmat Ddp LLC
Deed
—
Mar 18, 2022
$16,331,500
Viking Dpp Holdings LLC
Pmat Dpp LLC
Special Warranty Deed
$11,758,320 · Wells Fargo Bank NA
Dec 17, 2021
—
Viking Asset Fund LLC
Pmat Dpp LLC
Land Contract
—
May 11, 2018
$14,500,000
Pmat Dpp LLC
Downers Grove Center 852 LLC
Trustees Deed
$52,422,758 · Miscellaneous Ins Co
Jun 21, 2013
—
Downers Grove Center 852 LLC
Krcv Corp
Warranty Deed
—
Oct 2, 1997
$3,305,000
Krcv Corp
Venture Stores INC
Grant Deed
—
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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