Realmo Analytics
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Property summary
This exceptional investment opportunity presents a fully occupied, 100% leased shopping center located at 850 Tower Drive, Lake Villa, Illinois, 60046. The property, built in 2006, boasts a total of 1 square foot of retail space and sits on a 1.75-acre lot zoned for commercial use. Currently operating under a triple-net (NNN) lease agreement with multiple tenants, the center generates a substantial net operating income (NOI) of $208,471, resulting in an attractive 7.06% capitalization rate. … The asking price for this prime retail asset is $4,200,000. Strategically positioned on the southwest corner of Grass Lake Road and Deep Lake Road, this shopping center benefits from high visibility and convenient access for customers. The property's strong tenancy and consistent cash flow make it an ideal addition to any investment portfolio seeking stable returns in a thriving commercial market. This is a rare opportunity to acquire a well-established, high-performing retail property in a desirable location. The property's 2006 construction date suggests a relatively newer building with potential for long-term value appreciation. The 100% occupancy rate minimizes vacancy risk and ensures a steady stream of income. The property's commercial zoning allows for flexibility and potential future development opportunities.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
Value estimate
· Oct 2026Realmo valuation models over county records and 3 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 12 properties nearbyComparable nearby
Similar Nearby for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 18,201 SF
- Lot area
- 1.76 ac
- Year built
- 2006
- APN
- 02-28-201-180
- Assessed value · 2023
- $553,826
- Retail Stores · current use
- Apartment House (5+ Units)
- Commercial (general)
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Signals, scores & lead lists
- 300 owner contacts a month
- 30 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- Signals, scores & lead lists
- 1500 owner contacts a month
- 150 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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