NOT LISTED FOR SALE

271 E North Ave Glendale Heights, IL 60139

Estimated Value: $3,588,034

5.03 Acres
$713,327 Price per Acre
219,107 Sq Ft Lot

Sale Details

Date Sold: January 29, 2021

Last sale price $2,600,000

Est. 38% increase in value since last sale

Current estimated payment $23,738 / mo

124 Days on Market

About This Lot

As of January 2021

Unique Opportunity- 23,181 SF Building On 5 Acres of Land For Sale / Lease. Perfect for big box retailers, indoor sports, bowling alley, fitness center, marketplace, movie theatre, Laser Tag, Arcade, Brewery, etc. 23,181 Sq Ft retail / warehouse building includes 5,000 Sq Ft of built out office space. 14 drive-in doors. Over 200 parking spaces. Security system for indoors / outdoors. Two miles from I-355. Surrounded by major national retailers including: Walgreens, CVS, Menards, Home Depot, Ford, Nissan, Dunkin Donuts, Q Doba, Wendy's, Denny's, McDonalds, Portillos, Culver's, TCF Bank, Chase Bank, Bank Of America, Discount Tire, Office Depot, USPS, and Mobile. High visibility location with over 75,000 VPD

Last Agent to Sell the Property

Andrea Miller

Miller Chicago LLC License #471016960 Listed on: 06/26/2020

Co-Listed By

Melinda Miscevich

Miller Chicago LLC License #475188774

Last Buyer's Agent

Andrea Miller

Miller Chicago LLC License #471016960 Listed on: 06/26/2020

Property Details

Property Type

  • Land

Property Details

Property Type

Land

Listing Details

  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Commercial, Office and Research, Retail
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Lot Size: 5.0-5.99 Acres

Schools

  • Junior High Dist: 88

Lot Info

  • Lot Dimensions: 219106.8 SF
  • Parcel Identification Number: 0503200023

Building Info

  • Buildings On Land: Yes

Tax Info

  • Taxes: 23000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2020
Closed on
Jan 29, 2021
Sold by
271 E North Ave Llc
Bought by
West Chicago Group Llc
Seller's Agent
Andrea Miller
Miller Chicago LLC
Buyer's Agent
Andrea Miller
Miller Chicago LLC
List Price
$3,400,000
Sold Price
$2,600,000
Premium/Discount to List
-$800,000
-23.53%
Current Estimated Value
$3,588,034

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$988,034
Avg. Annual Appreciation
6.36%
Original Mortgage
$2,080,000
Outstanding Balance
$1,860,331
Interest Rate
2.7%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$1,727,703

Purchase Details

Closed on
Aug 18, 2015
Sold by
J I A R J Llc
Bought by
271 E North Ave Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,463,395
Interest Rate
2.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 26, 2014
Sold by
Helms Brenda Porter and Ict Real Estate Inc
Bought by
J I A R J Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,400,000
Interest Rate
4.09%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 2, 2011
Sold by
Daimler Trucks Remarketing Corporation
Bought by
Ict Real Estate Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 20, 2003
Sold by
Sundance Holdings Llc
Bought by
Freightliner Market Development Corp

Purchase Details

Closed on
Jul 20, 1999
Sold by
William Charles Investments Inc
Bought by
Sundance Holdings Llc

Purchase Details

Closed on
Sep 15, 1997
Sold by
Amcore Bank Na Rockford
Bought by
William Charles Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
8.5%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
West Chicago Group Llc $2,600,000 Chicago Title
271 E North Ave Llc -- First American Title Ins Co
J I A R J Llc $2,300,000 Ctic
Ict Real Estate Inc $1,425,000 Ctic
Freightliner Market Development Corp -- First American Title
Sundance Holdings Llc $1,575,000 --
William Charles Investments Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open West Chicago Group Llc $2,080,000
Previous Owner 271 E North Ave Llc $2,463,395
Previous Owner J I A R J Llc $2,400,000
Previous Owner Ict Real Estate Inc $1,000,000
Previous Owner William Charles Investments Inc $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/29/2021 01/29/21 Sold $2,600,000 -23.5% --
10/28/2020 10/28/20 Pending -- -- --
06/26/2020 06/26/20 For Sale $3,400,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $56,348 $673,155 $489,021 $184,134
2023 $54,162 $619,620 $450,130 $169,490
2022 $49,282 $552,410 $490,910 $61,500
2021 $48,041 $539,300 $479,260 $60,040
2020 $47,319 $534,280 $474,800 $59,480
2019 $46,306 $520,180 $462,270 $57,910
2018 $42,391 $457,990 $401,610 $56,380
2017 $55,449 $576,180 $492,180 $84,000
2016 $65,033 $635,690 $584,150 $51,540
2015 $65,318 $606,460 $563,770 $42,690
2014 $77,026 $699,560 $615,890 $83,670
2013 $73,693 $701,660 $617,740 $83,920
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2021

    Andrea Miller

    Miller Chicago LLC

    (773) 366-8786

    29 Total Sales

    Andrea Miller
    Section Image
  • Melinda Miscevich

    Seller Co-Listing Agent in 2021

    Melinda Miscevich

    Miller Chicago LLC

    (631) 525-2668

    7 Total Sales

    Melinda Miscevich
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10761819

Midwest Real Estate Data (MRED)

APN: 05-03-200-023

Illinois DuPage County Glendale Heights 60139

271 E North Ave, Glendale Heights, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID

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