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Property profile & analytics
OFF-MARKET
Retail space
9701 Grand Ave, Franklin Park, IL 60131-3361
Trust Owned
6-yr Hold
Free & Clear
Property ID
US28-2558596
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1961
Lot
0.21 ac (9,150 SF)
APN
12-28-401-017
UPID
US28-2558596
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
-
Law Office of Barrett F. Pedersen Law Firm
-
Ninfa Aguilar American Family Insurance Insurance Agency
-
Cook County Democratic Party Advocacy Group Volunteer Organization
-
POS Place (Bike/Boat/Book/etc) Store Corporate Office
-
Progress Through Leadership Party Association Or Organization
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
Pederse,barrett F 1999 Trust · 6 yrs held
Pederse,barrett F 1999 Trust
since 2019
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 Franklin Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Franklin Park 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
$25,602
Tax year 2022
Assessed value
$81,616
Assessed 2022
Previous assessed
$72,494
+12.6% YoY
Effective rate
31.37%
On assessed value
Assessed land
$39,459
Assessed improvement
$42,157
Land market value
$157,836
Improvement market value
$168,628
Total market value
$326,464
Applied tax rate
20,028.0000
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
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1961
Heating
NONE
Stories
1
Lot
0.21 ac (9,150 SF)
APN
12-28-401-017
UPID
US28-2558596
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
1961
Heating
NONE
Stories
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Pederse,barrett F 1999 Trust
Trust
Free & Clear · 6 yrs held
Mailing address
3504 DESOTA CT, FRANKLIN PARK, IL 60131-1727
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2025
—
Barrett F Pedersen
—
Deed
related
$170,000 · Pan American Bank & Trust
Oct 22, 2019
—
Pedersen,b F 1999 Trust
—
Deed
related
$165,000 · Belmont Bk&tr
Oct 1, 2019
—
Pederse,barrett F 1999 Trust
Pedersen J J 1999 Trust
Quit Claim Deed
related
—
Nov 16, 2010
—
Pedersen Jessica J 1999 Trust
—
Trustees Deed
related
$127,000 · Belmont Bank & Trust
Mar 18, 1998
$112,500
Pedersen,barrett F & Jessica P
Fox,lois
Trustees Deed
$180,000 · Harris Bank Elk Grove
—
—
Pedersen,b F 1999 Trust
—
Deed Of Trust
related
$165,000 · Belmont Bk&tr
—
—
Pedersen Jessica J 1999 Trust
—
Deed Of Trust
related
$115,982 · Belmont Bank & Trust
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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