Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    000 Lot#1 Ridgewood Avenue Bensenville, IL 60106

    View on Map
    Claim this Listing
    For Sale
    $119,000

    LAND - Bensenville, IL

    Lot size:
    0.25 Acres
    Added:
    Jan 13, 2026
    Days on Market:
    107
    Last Refresh:
    Apr 30 at 11:06 pm

    Property Features for 000 Lot#1 Ridgewood Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    0323103008
    Lot size
    0.25 Acres

    Taxes and HOA fees

    Tax Year
    2024

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Oralia Herrera
    Oralia Herrera

    Listing agent Oralia Herrera License #471000493

    Listing office Century 21 TK Realty 861 W. Lake Street, Addison, IL

    Listing date Jan 13, 2026

    MLS# 12546597 Listing URL

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Lot in Bensenville, Illinois

    This vacant lot is located in Bensenville, Illinois, within DuPage County. The property is a residential land and home lot, suitable for building a home or investment property. It offers an excellent location and access to a good school district. The lot size is 0.25 acres. City water and sewer utilities are available and ready to be connected. An adjacent lot is also available for sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bensenville
    County
    DuPage
    State
    Illinois
    Longitude
    -87.956838
    Latitude
    41.938428

    Nearby Similar for Sale

    • $1,100,000

      Commercial Property in Bensenville, IL

      Commercial property for sale in Bensenville, Illinois.
      1101 W IRVING PARK Road, Bensenville, IL 60106
      View Details
    • $50,000

      Affordable Private Office Space

      Private office space near O'Hare Airport, suitable for professionals.
      1043 S York Road, Bensenville, IL 60106
      View Details
    • $15
      86,087 SF

      Bensenville Data Center For Sale

      Existing data center with generator, UPS, and fire suppression systems.
      1101-1171 Tower Lane, Bensenville, IL 60106
      View Details
    • $119,853
      56,000 SF

      Commercial Condo Office Space

      Small commercial condo office space near O'Hare Airport.
      1043 S YORK Road 107, Bensenville, IL 60106
      View Details
    • Contact for pricing
      134,000 SF

      Crane-Equipped Industrial Building with Expansion Land

      134,000 SF industrial building near O'Hare with expansion potential.
      520 Thomas Drive, Bensenville, IL 60106
      View Details
    • $3,812,000
      10,880 SF

      Retail Investment Near Metra Station

      Retail property with investment-grade tenant and high traffic volume.
      700 W Irving Park Rd, Bensenville, IL
      View Details
    • Contact for pricing
      3 SF

      Development Land Near O'Hare Airport

      Two sites available near O'Hare Airport, suitable for development.
      500 Thomas Dr, Bensenville, IL 60106
      View Details
    • $1,900,000

      Bensenville Land Development Opportunity

      2.5 acres in Bensenville, IL, ideal for residential development.
      1035 S York Rd, Bensenville, IL
      View Details
    • $4,790,000
      19,700 SF

      New Townhomes Under Construction

      Ten new construction townhomes in Bensenville, estimated completion December 2025.
      214 North Walnut Street, Bensenville, IL 60106
      View Details
    • Contact for pricing
      66,939 SF

      O'Hare Area Industrial Property

      Industrial property in O'Hare submarket with DuPage County taxes.
      300-330 County Line Road, Bensenville, IL 60106
      View Details
    • Contact for pricing
      25,000 SF

      O'Hare Area Office Building

      Three-story office building with redevelopment potential near O'Hare Airport.
      611 Busse Rd, Bensenville, IL 60106
      View Details
    • Contact for pricing
      8,800 SF

      Bensenville Retail Building For Sale

      Retail building with long-term tenant, near Metra and I-294.
      324 E Green St, Bensenville, IL
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Vacant lot in excellent location, ready for new construction.
    Where is this residential land & home lot located?
    The property is located at 000 Lot#1 Ridgewood Avenue Bensenville, IL.
    What is the asking price?
    The asking price for this property is $119,000.
    What are key features of this property?
    This property features: Excellent location; Ready for you to build your home or investment; Utilities are ready to be connected
    (630) 543-7000
    We can help!
    Listing Contact
    Oralia Herrera
    Oralia Herrera
    Real Estate License ID: 471000493
    Learn More
    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.
    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!