428 Grn BayHighwood, IL 60040

  • Turn key restaurants
  • 6,076 SF
Off market
$253,082 Estimated

Property Details for 428 Grn Bay

Year built
1950
Construction
BRICK
Lot size
0.22 AC
Property size (Sq ft)
6,076 SF
Property type
Turn key restaurants
APN
16-15-213-025
APU
1615213025

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,280,070
    6.5%
    $1,181,600
    7%
    $1,097,200
  • Comparable approach

    Method
    Valuation
    Relative Method
    $641,529
    Geo Method
    $823,055
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $2,331,790
    Mixed-Use / Specialty
    $1,166,250
    Hospitality / Lodging
    $841,148
    Office
    $1,147,730
    Institutional / Educational
    $1,208,460
    Residential Income
    $1,413,890
    Multifamily
    $1,757,470
    Automotive / Energy
    $1,035,820
    Parking / Income-Based Land
    $368,449
    Restaurant / Food Service
    $582,816
    Healthcare / Senior Housing
    $1,207,390

Location Insight

City
Highwood
County
Lake
State
Illinois
Latitude
42.204
Longitude
-87.8118
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
$17,537
$92,964
$160,118
$253,082
-
$278,920
$480,402
$759,322

FAQs

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