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    Property profile & analytics

    9705 Milwaukee Ave, Unit 25 Glenview, IL 60025-4567

    • Community centers
    • 0.94 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-2509646
    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

    • Rayyan Plaza II / Shopping Center & Mall

    Property Details for 9705 Milwaukee Ave

    Year built
    1988
    Lot size
    0.94 lot acres
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    09-11-301-024
    APU
    911301024

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Glenview
    County
    Cook
    State
    Illinois
    Longitude
    -87.841
    Latitude
    42.0584
    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
    2022
    $112,462
    $143,195
    $327,564
    $470,759
    -
    $572,780
    $1,310,256
    $1,883,036

    Comparable in this City

    • Value Estimation by Request

      25 Waukegan Rd

      MINI-MALL
      25 Waukegan Rd, Glenview, IL 60025-5154
      View Details
    • Value Estimation by Request
      0.25 Acres

      1208 Waukegan Rd

      MINI-MALL • 0.25 Acres
      1208 Waukegan Rd, Glenview, IL 60025-3020
      View Details
    • Value Estimation
      $18,545,000
      5.86 Acres

      1500 Waukegan Rd

      MINI-MALL • 5.86 Acres
      1500 Waukegan Rd, Glenview, IL 60025-2100
      View Details
    • Value Estimation by Request
      5.14 Acres

      2640 Golf Rd

      MINI-MALL • 5.14 Acres
      2640 Golf Rd, Glenview, IL 60025-4736
      View Details
    • Value Estimation by Request
      0.86 Acres

      501 Milwaukee Ave, Unit 15

      MINI-MALL • 0.86 Acres
      501 Milwaukee Ave, Glenview, IL 60025-5639
      View Details
    • Value Estimation by Request
      0.33 Acres

      2200 Waukegan Rd

      MINI-MALL • 0.33 Acres
      2200 Waukegan Rd, Glenview, IL 60025-1759
      View Details

    Similar Nearby for Sale

    • $949,000

      Glenview Automotive Repair Center

      Established automotive repair center in prime downtown Glenview location.
      1131 Waukegan Rd, Glenview, IL 60025
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    • $1,450,000

      High-Traffic Milwaukee Avenue Property

      Prime Glenview location ideal for owner-users or redevelopment.
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    • $1,225,000
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      Glenview Executive Office Building

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    • $599,000
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      Glenview Restaurant - Prime Location

      High-traffic retail space, sale or lease.
      1320 Waukegan Rd, Glenview, IL 60025
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    • $1,225,000

      Glenview Commercial Building For Sale

      Single-story building in Glenview's business corridor, suitable for offices/retail.
      1154 N Waukegan Rd, Glenview, IL 60025
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    • $1,299,000

      East Glenview Buildable Lot

      Buildable lot in East Glenview with water and golf course views.
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    Similar Nearby for Lease

    • Contact for pricing
      10,000 SF

      Talisman Center: Retail Space For Lease

      10,000 SF Retail Space - Cook County
      2614 Golf Rd, Glenview, IL 60025
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Glenview Center

      Retail space available in Jewel-Osco anchored Glenview shopping center.
      2502-2540 Waukegan Rd, Glenview, IL 60025
      View Details
    • Contact for pricing
      6,630 SF

      Glenview Retail Center Investment Opportunity

      High-Visibility Strip Mall, 1,365 SF Available
      771 Milwaukee Ave, Glenview, IL 60025
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    • $25 SF/Yr

      Glenview Retail Space Available

      Retail space for lease in well-maintained Glenview shopping center.
      958 Harlem Ave, Glenview, IL 60025
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    • Contact for pricing
      1,235 SF

      Retail Space on Milwaukee Avenue

      Highly visible shopping center space for lease on Milwaukee Avenue.
      771-777 Milwaukee Ave, Glenview, IL 60025
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    • $21 SF/Yr
      1,400 SF

      Retail Space in Glenview Center

      Well-maintained shopping center with ample parking in downtown Glenview.
      956 Harlem Ave, Glenview, IL 60025
      View Details
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    9705 Milwaukee Ave, Unit 25
    Glenview, IL 60025-4567
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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