957 Belvidere Rd Grayslake, IL 60030-2502
Property profile & analytics
957 Belvidere Rd, Grayslake, IL 60030-2502
- Banks
- 5,627 SF
- 0.97 lot acres
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.
Location Intelligence
Current Use by Public Records
- Banks
Property Details for 957 Belvidere Rd
- Year built
- 2003
- Construction
- BRICK
- Lot size
- 0.97 lot acres
- 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 Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $6,395,000
- ML approach
- $6,310,000
Get a detailed, property-specific estimation — fast and free
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
