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    Property profile & analytics

    957 Belvidere Rd Grayslake, IL 60030-2502

    • Banks
    • 5,627 SF
    • 0.97 lot acres
    OFF-MARKET
    Value Estimation
    $6,100,000
    Last Sale
    Dec 06, 2023
    $5,450,000
    Location Intelligence
    Property ID
    US28-4854544
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Banks

    Property Details for 957 Belvidere Rd

    Year built
    2003
    Construction
    BRICK
    Lot size
    0.97 lot acres
    Property size
    5,627 SF
    Property type
    Banks
    APN
    06-35-204-006
    APU
    635204006

    Description

    This exceptional investment opportunity presents a fee-simple interest in a Bank of America ground lease located at 957 E Belvidere Rd, Grayslake, IL 60030. The property, a single-story, 6,000 square foot building constructed in 2003 and renovated in 2023, sits on a 0.965-acre lot within the Maple View Shopping Center. The lease is an Absolute NNN structure with Bank of America, a credit-rated tenant, holding a lease extending to September 30, 2028, with three 5-year renewal options at 10% rent bumps. The property boasts a strong NOI of $412,539, resulting in a 7.25% cap rate and a price per square foot of $948.37. The asking price is $5,690,200. The site benefits from high visibility at a signalized intersection with 24,800 vehicles per day, and is shadow-anchored by a high-performing Jewel-Osco. The surrounding area includes numerous national retailers and is proximate to Northwestern Medicine Hospital. The property's location within a dense, affluent area with an average household income exceeding $138,790 provides a strong and stable income stream. The Bank of America branch reports over $81.7 million in annual deposits. The property includes 29 parking spaces and is zoned SBC. This is an ideal investment for passive net lease investors seeking a secure, high-performing asset with a strong tenant and significant remaining lease term.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $6,395,000

    • CAP approach

      CAP return
      Estimation
      6%
      $5,630,000
      6.5%
      $5,110,000
      7%
      $5,540,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $5,125,000
      Geo Method
      $5,785,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $5,955,000
      Retail
      $4,715,000
      Mixed-Use
      $5,105,000
      Hospitality
      $4,930,000
      Educational
      $5,640,000
      Residential Income
      $5,520,000
      Energy
      $5,930,000
      Income-Based Land
      $5,225,000
      Food Service
      $6,350,000

    Location Insight

    • Map
    • Local Demand
    City
    Grayslake
    County
    Lake
    State
    Illinois
    Longitude
    -88.0245
    Latitude
    42.3369
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $35,399
    $94,769
    $219,151
    $313,920
    -
    $284,335
    $657,519
    $941,854

    Comparable in this City

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    • Value Estimation
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      975 Belvidere Rd

      FINANCIAL BUILDING • 3,754 SF
      975 Belvidere Rd, Grayslake, IL 60030-2502
      View Details
    • Value Estimation
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    • Value Estimation
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      20 Commerce Dr, Grayslake, IL 60030
      View Details
    • Value Estimation
      $440,000
      4,325 SF

      530 Washington St

      FINANCIAL BUILDING • 4,325 SF
      530 Washington St, Grayslake, IL 60030-7959
      View Details

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    957 Belvidere Rd
    Grayslake, IL 60030-2502
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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