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    290 Springfield Dr Bloomingdale, IL 60108

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    Sponsored
    For Lease
    Contact for pricing

    COMMERCIAL - Bloomingdale, IL

    Type:Office
    Property size:
    743 SF
    Lot size:
    1.60 Acres
    Days on Market:
    5
    Last Refresh:
    Mar 9 at 7:06 pm

    Property Features for 290 Springfield Dr

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    Zoning
    COMMR
    Size
    743 SF
    Lot size
    1.60 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Septic Tank
    Cooling system
    Central Air

    Building Details

    Year built
    1987
    Floors in Building
    2
    Number of units
    1
    Flooring type
    Vinyl, Concrete, Varies, Carpet
    Building materials
    Brick, Block
    Roof type
    Membrane

    We can help!

    Listing Contact
    Timothy Sotis
    Timothy Sotis

    RE/MAX All Pro (630) 980-4000

    Listing agent Timothy Sotis (630) 893-9900

    Listing date Mar 4, 2026

    MLS# 12128800

    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.

    Learn more

    Property Insight Report

    Overview

    Bloomingdale Professional Office Space Available

    This professional building is located in a premier area of Bloomingdale. The building features an elegantly designed lobby and entry with full glass on both sides, creating an inviting atmosphere. The building is fully handicap accessible, including an interior elevator. Each spacious suite can be customized to fit the tenants' needs, with large windows providing ample natural light. Common areas include a 17x14 sq. ft. conference and lounge room with vending machines, and secured women's and men's restrooms on each floor. Suite 200 offers 743 square feet of office space, ideal for a small professional team. The layout features a reception area (14'10" x 11'6") that provides a comfortable space for greeting clients and guests. Two private offices include a spacious 14'10" x 14'6" general office and an additional 14'10" x 11'0" private office, offering flexibility for executive use, collaborative workspace, or meeting space. The efficient floor plan maximizes functionality while maintaining a professional and inviting environment, making it well-suited for a variety of office users. The property is located near shopping, restaurants, residential areas, medical facilities, and professional offices. The lot size is 1.6 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bloomingdale
    County
    DuPage
    State
    Illinois
    Longitude
    -88.111315
    Latitude
    41.9404831

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    FAQs

    What type of property is this?
    Office units - Professional office building with customizable suites in prime Bloomingdale location.
    Where is this office units located?
    The property is located at 290 Springfield Dr Bloomingdale, IL.
    What are key features of this property?
    This property features: - Premier Bloomingdale location near shopping, restaurants, residential, medical, and professional offices.; - Customizable suite (Suite 200: 743 sq. ft.) with flexible layout including reception area and two private offices.; - Fully handicap accessible with interior elevator.
    (630) 980-4000
    Request Owner's contact information
    290 Springfield Dr Bloomingdale, IL 60108
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    Bloomingdale, IL 60108
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    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
    290 Springfield Dr Bloomingdale, IL 60108
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    We can help!
    Listing Contact
    Timothy Sotis
    Timothy Sotis
    Real Estate License ID: 471008033
    (630) 980-4000 (630) 669-9901 (630) 893-9900
    Learn more
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