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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Retail space
9005 Waukegan Rd, Morton Grove, IL 60053-2114
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US28-5484248
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1923
Total area
2,862 SF
Lot
0.44 ac (19,341 SF)
APN
10-18-310-006
UPID
US28-5484248
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
-
ATM Atm
-
Tommy's Tavern & Restaurant Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$385k
CAP Approach
CAP
$610k
Comparable Approach
Comparable
$551k
Blend (final)
Blend
$590k
Owner & transaction history
9005 Waukegan LLC · 6 yrs held
9005 Waukegan LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$630,000
+47.1%
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
Method
Estimation
Statistic approach
by Request
ML approach
$385,000
CAP Approach
CAP Return
Estimation
6%
$660,000
6.5%
$610,000
7%
$570,000
Alternative Use
Use
Estimation
RETAIL STORES
$425,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$630,000
Change: +47% · Conversion: Moderate
OFFICE BUILDING
$385,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$590k
Range $531k – $649k · ±10%
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
$206 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$30,373
Tax year 2022
Assessed value
$116,868
Assessed 2022
Previous assessed
$93,674
+24.8% YoY
Effective rate
25.99%
On assessed value
Assessed land
$43,323
Assessed improvement
$73,545
Land market value
$173,292
Improvement market value
$294,180
Total market value
$467,472
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
1923
Heating
NONE
Stories
2
Total area
2,862 SF
Lot
0.44 ac (19,341 SF)
APN
10-18-310-006
UPID
US28-5484248
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$425,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$630,000
OFFICE BUILDING
Est. value
$385,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
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
1923
Heating
NONE
Stories
2
Lot
0.44 ac
Current owner
From public records · entity-resolved
9005 Waukegan LLC
Entity
Mailing address
9005 WAUKEGAN RD, MORTON GROVE, IL 60053-2114
Ownership since
2019
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 13, 2019
$500,000
9005 Waukegan LLC
Trust Number 8002356333
Grant Deed
$375,000 · Lakeside Bk
Feb 9, 2011
—
Trust 8002356333
9005 Waukegan Building LLC
Warranty Deed
related
—
Dec 23, 2010
$500,000
9005 Waukegan Building LLC
Tin Roof Rustys INC
Warranty Deed
—
Dec 7, 2009
$275,000
Tin Roof Rustys INC
Bank Of America NA
Grant Deed
—
Oct 20, 2009
$600,000
Bank Of America NA
Sheriff Of Cook County
Trustees Deed
related
—
Oct 5, 2006
$900,000
9005 Waukegan LLC
Trust N-1107
Grant Deed
$810,000 · Lasalle National Bank
—
—
Lasalle Bank NA Ttee
—
Deed Of Trust
related
$307,000 · Lasalle National Bank
—
—
American Natl Bk&tr Co Chg Tte
—
Deed Of Trust
related
$236,682 · Lasalle Bank Fsb
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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