Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9823 Lawrence Ave Schiller Park, IL 60176

    • Retail space
    • 0.41 lot acres
    For Sale
    View listing
    $1,490,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-2012479
    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

    • ATM / Atm
    • Eclipse Lounge & Sushi Bar / Nightclub / DJ & Entertainment
    • Macado Club / Restaurant

    Property Details for 9823 Lawrence Ave

    Year built
    2004
    Lot size
    0.41 lot acres
    Property type
    Retail space
    APN
    12-16-202-060
    APU
    1216202060

    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
    Schiller Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.8724
    Latitude
    41.9654
    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
    $42,655
    $76,646
    $55,864
    $132,510
    -
    $306,584
    $223,456
    $530,040

    Comparable in this City

    • Value Estimation by Request

      9276 Irving Park Rd, Unit 320

      RETAIL STORES (PERSONAL SERVICES)
      9276 Irving Park Rd, Schiller Park, IL 60176-2200
      View Details
    • Value Estimation by Request
      0.07 Acres

      9820 Lawrence Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.07 Acres
      9820 Lawrence Ave, Schiller Park, IL 60176-1126
      View Details
    • Value Estimation by Request
      0.07 Acres

      9450 Irving Park Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.07 Acres
      9450 Irving Park Rd, Schiller Park, IL 60176-1936
      View Details
    • Value Estimation by Request
      0.51 Acres

      9801 Irving Park Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.51 Acres
      9801 Irving Park Rd, Schiller Park, IL 60176-1447
      View Details
    • Value Estimation by Request
      0.07 Acres

      9801 Lawrence Ave

      STORE, RETAIL OUTLET • 0.07 Acres
      9801 Lawrence Ave, Schiller Park, IL 60176-1135
      View Details
    • Value Estimation by Request
      0.32 Acres

      4750 25th Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.32 Acres
      4750 25th Ave, Schiller Park, IL 60176-1317
      View Details

    Similar Nearby for Sale

    • $950,000

      Schiller Park Commercial Building For Sale

      Commercial building near O'Hare Airport, suitable for restaurant or office.
      4260 Old River Rd, Schiller Park, IL 60176
      View Details
    • $1,490,000
      0.41 Acres

      Schiller Park Bar/Club For Sale

      Remodeled bar/club lounge near O'Hare Airport with parking.
      9823 Lawrence Ave, Schiller Park, IL 60176
      View Details
    • $1,990,000
      0.45 Acres

      Schiller Park Commercial Opportunity

      Restaurant/Bar with Real Estate and Liquor License Included
      9845 Lawrence Ave, Schiller Park, IL 60176
      View Details
    • $3,940,000
      23,000 SF

      Schiller Park Retail Center

      Six-tenant strip center, high NOI.
      4940 River Rd, Schiller Park, IL 60176
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,817 SF

      Retail Space on Hard Corner

      Retail space available on a signalized hard corner location.
      9749-9755 Irving Park Rd, Schiller Park, IL 60176
      View Details
    • Contact for pricing

      Schiller Park Industrial/Flex Space

      5,002 SF industrial/flex space with office component for lease.
      Schiller Park, IL 60176
      View Details
    • Contact for pricing
      16,200 SF

      Schiller Park Industrial Space Available

      26,872 SF industrial space near O'Hare Airport.
      4210 Trans World Rd, Schiller Park, IL 60176
      View Details
    • $8 SF/Yr
      5,000 SF

      Schiller Park Warehouse Space Available

      Industrial warehouse space for rent in Schiller Park, Illinois.
      9831-9865 Leland Ave, Schiller Park, IL 60176
      View Details
    • Contact for pricing
      27,010 SF

      Schiller Park Industrial Space Available

      27,010 SF industrial space near O'Hare Airport.
      4306 United Pkwy, Schiller Park, IL 60176
      View Details
    • $8 SF/Yr
      25,800 SF

      Multi-Tenant Industrial Building Near Airport

      25,800 SF industrial building with three vacancies near O'Hare.
      4645-65 Leland Ave, Schiller Park, IL 60176
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9823 Lawrence Ave
    Schiller Park, IL 60176
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!