Property profile

7351 Lemont Rd Downers Grove, IL 60516

OFF-MARKET
Banks
Property ID
US28-0556232
3,017 SF 0.84 ac lot Built 1978
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a parcel of commercial land in a Chicago neighborhood and is located at the intersection of 75th Street and Lamont, in an area with reported traffic of approximately 45,000 vehicles per day. The site is configured as a drive-thru pad with four drive-thru lanes and includes an option that is described as exercised. It functions as a retail pad site associated with nearby commercial tenants including TJ Maxx, HomeGoods, Shop & Save Market, Old Navy, and Best Buy, with Panera Bread and Burger King also nearby; Kohl’s and Ross Dress for Less are located across the intersection.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1978
Total area 3,017 SF
Lot 0.84 ac (36,590 SF)
Zoning code C
APN 09-29-110-004
UPID US28-0556232

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
  • Bank Loan Service
  • Loan Service Bank

Location

7351 Lemont Rd Downers Grove, IL 60516-3807
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
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

since 2019
7 recorded transactions
2019
$1.8M
2016
Price N/A
2012
Price N/A
2011
$22,000
2002
Price N/A
1999
$12.6M
1969
Price N/A

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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