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Property profile & analytics
OFF-MARKET
Retail space
8930 Waukegan Rd, Morton Grove, IL 60053-2126
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-5692602
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1971
Lot
3.64 ac (158,558 SF)
APN
10-18-309-031
UPID
US28-5692602
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
-
New Age Dental Dental Office
-
Emergency Dentist 24/7 Morton Grove Dental Office
-
Capital Depot Corporation Bank Credit Union
-
GK Medical Management Medical Clinic
-
Law Offices of C.K. & Associates Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Cmk 8930 Waukegan LLC · 8 yrs held
Cmk 8930 Waukegan LLC
since 2017
7 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 Morton Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morton 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2022Property tax & assessments
Tax year 2022
Tax billed
$399,043
Tax year 2022
Assessed value
$1,535,443
Assessed 2022
Previous assessed
$1,454,602
+5.6% YoY
Effective rate
25.99%
On assessed value
Assessed land
$416,304
Assessed improvement
$1,119,139
Land market value
$1,665,216
Improvement market value
$4,476,556
Total market value
$6,141,772
Applied tax rate
24,019.0000
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
Retail space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1971
Heating
NONE
Stories
3
Lot
3.64 ac (158,558 SF)
APN
10-18-309-031
UPID
US28-5692602
Jurisdiction
COOK
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
Building & site characteristics
From public records
Year built
1971
Heating
NONE
Stories
3
Lot
3.64 ac
Current owner
From public records · entity-resolved
Cmk 8930 Waukegan LLC
Entity
Mailing address
800 W MADISON ST STE #400, CHICAGO, IL 60607-2481
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2024
—
Cmk 8930 Waukegan LLC
—
Deed
related
$349,645,000 · Capital One Bank NA
Aug 18, 2017
$11,800,000
Cmk 8930 Waukegan LLC
Morton Grove 8930 Medical Prop
Grant Deed
related
$309,500,000 · Capital One NA
Mar 13, 2015
—
Trust 8002366612
8930 Waukegan LLC
Warranty Deed
related
—
Feb 13, 2004
—
Partners Morton Grove Gendell
Gendell Partners Morton Grove
Quit Claim Deed
related
—
Feb 13, 2004
$1,630,000
8930 Waukegan LLC
Gendell Partners Morton Grove
Grant Deed
$4,960,000 · Cole Taylor Bank
Feb 11, 2003
$2,091,500
Partners Morton Grove Gendell
Cole Taylor Bank Trustee
Grant Deed
—
—
—
Morton Grove 8930 Medical Prop
—
Deed Of Trust
related
$100,000,000 · General Elec Cap
—
—
8930 Waukegan LLC
—
Deed Of Trust
related
$6,000,000 · J P Morgan Chase 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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