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    Property profile & analytics

    Palmer Ave University Park, IL 60484

    • Commercial land
    • 2.09 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jul 16, 2020
    $1,500,000
    Location Intelligence
    Property ID
    US28-1135833
    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

    • Commercial land

    Property Details for Palmer Ave

    Lot size
    2.09 lot acres
    Property type
    Commercial land
    APN
    21-14-17-404-010
    APU
    211417404010

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    University Park
    County
    Will
    State
    Illinois
    Longitude
    -87.7487
    Latitude
    41.4307
    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
    $4,869
    $35,809
    $0.00
    $35,809
    -
    $107,427
    $0.00
    $107,427

    Comparable in this City

    • Value Estimation by Request
      3.93 Acres

      University Pkwy

      VACANT COMMERCIAL LAND • 3.93 Acres
      University Pkwy, University Park, IL 60484
      View Details
    • Value Estimation by Request
      143.89 Acres

      25055 Western Ave

      VACANT COMMERCIAL LAND • 7,551 SF
      25055 Western Ave, University Park, IL 60484-3452
      View Details
    • Value Estimation by Request
      21.22 Acres

      University Pkwy

      VACANT COMMERCIAL LAND • 21.22 Acres
      University Pkwy, University Park, IL 60484
      View Details
    • Value Estimation by Request
      5.00 Acres

      24000 Western Ave

      VACANT COMMERCIAL LAND • 5.00 Acres
      24000 Western Ave, University Park, IL 60484-3428
      View Details
    • Value Estimation by Request
      4.98 Acres

      24000 Western Ave

      VACANT COMMERCIAL LAND • 4.98 Acres
      24000 Western Ave, University Park, IL 60484-3428
      View Details
    • Value Estimation by Request
      0.15 Acres

      Fairway Ct

      VACANT COMMERCIAL LAND • 0.15 Acres
      Fairway Ct, University Park, IL 60484
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      22.92 Acres Development Opportunity

      22.92 acres available for sale or lease near I-57.
      2355 Bond St, University Park, IL 60484
      View Details
    • $5,995,000

      Land Near I-57 Interchange

      Land available near I-57 interchange with water and sewer access.
      500 Crossing Dr, University Park, IL 60484
      View Details
    • Contact for pricing

      Industrial Land Ready For Development

      Pad-ready sites in master-planned business park near I-57.
      Dralle Rd West, University Pk, IL 60484
      View Details
    • $162,900
      5.40 Acres

      University Park Residential Land

      5.4 Acres, R-4 Zoning, Owner Financing
      0 Kedzie Ave, University Park, IL 60484
      View Details
    • Contact for pricing
      0.15 Acres

      Residential Lot in University Park

      0.15-acre residential lot in Wood Hills Ridgeview subdivision.
      735 Union Dr, University Park, IL 60484
      View Details
    • $38,000
      1.85 Acres

      Residential Land in University Park

      1.85 acre residential lot in University Park, Illinois.
      24625 S Western Ave, University Park, IL 60484
      View Details

    Similar Nearby for Lease

    • $17,179 /Mo
      126,760 SF

      Monee, IL Land Lease Opportunity

      2.91 Acres, Build-to-Suit, High Traffic
      0 Stuenkel Rd, Monee, IL 60484
      View Details
    • $12 SF/Yr
      16,800 SF

      Refrigerated Production and Storage Facility

      16,800 SF facility with refrigerated production, freezer, and office.
      450 Central Ave, University Park, IL 60484
      View Details
    • Contact for pricing
      59,830 SF

      Industrial Property in University Park

      Industrial space available for lease in University Park, Illinois.
      2401 Bond St, University Park, IL 60484
      View Details
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    Palmer Ave
    University Park, IL 60484
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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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