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    Modern Office and Warehouse Space Title is generated by Realmo AI

    480 W Lake Street, Roselle, IL 60172

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    COMMERCIAL - Roselle, IL

    Type:Retail
    Added:
    Mar 6, 2025
    Days on Market:
    441
    Last Refresh:
    May 21 at 3:06 pm

    Property Features for 480 W Lake Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Zoning
    COMMR
    Standard status
    Active

    Taxes and HOA fees

    Tax Year
    2023

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1980
    Floors in Building
    1
    Building materials
    Brick

    We can help!

    Listing Contact
    Ted Krzysztofiak

    Listing agent Ted Krzysztofiak License #475137885

    Listing office RE/MAX City 7020 W. Higgins Ave., IL

    Listing date Mar 6, 2025

    MLS# 12305400

    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.

    HighLights

    • 3,810 sq ft of versatile office and warehouse space in a prime Roselle location on highly visible Lake Street
    • Equipped with advanced amenities: comprehensive security system, state‑of‑the‑art audio‑video setup, and intelligent conference room system powered by Elan‑Nice
    • Exclusive use of 10 private parking spaces
    • Convenient access to major transportation routes
    • Potential to purchase the entire building for future ownership
    • Located in a sought‑after commercial corridor surrounded by thriving businesses

    Overview

    Located at 480 W Lake Street in Roselle, Unit 1 offers 3,810 square feet of modern, high-tech office and warehouse space for lease. The space blends sleek office interiors with practical warehouse functionality. The unit includes 10 private parking spaces. Advanced amenities include a comprehensive security system, state-of-the-art audio-video setup, and an intelligent conference room system. Positioned along highly visible Lake Street, the location offers exceptional accessibility with convenient access to major transportation routes. The property's design, visibility, and features make it suitable for a corporate headquarters, creative workspace, or specialized operation. The property is located in a sought-after commercial corridor, surrounded by thriving businesses. There is potential to purchase the entire building. The property is intended to position a business in a space designed for success, offering functionality and technology in a prime Roselle location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

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

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

    Similar Places Nearby

    • Public Storage — 1295 Lake St, Roselle, IL 60172
    • Corrigan Moving Systems — 4800 Gary Ave, Hanover Park, IL 60133
    • Olsen Brothers — 4800 Gary Ave, Hanover Park, IL 60133
    • North American Van Lines — 201 S Gary Ave C2, Roselle, IL 60172
    • Public Storage — 1000 E Lake St, Hanover Park, IL 60133

    Location Insight

    • Map
    • Local Demand
    City
    Roselle
    County
    DuPage
    State
    Illinois
    Longitude
    -88.094948
    Latitude
    41.963228

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    FAQs

    What type of property is this?
    Warehouse - High-tech office and warehouse space for lease in Roselle.
    Where is this warehouse located?
    The property is located at 480 W Lake Street Roselle, IL.
    What are key features of this property?
    This property features: 3,810 sq ft of versatile office and warehouse space in a prime Roselle location on highly visible Lake Street; Equipped with advanced amenities: comprehensive security system, state‑of‑the‑art audio‑video setup, and intelligent conference room system powered by Elan‑Nice; Exclusive use of 10 private parking spaces
    (773) 775-0600
    We can help!
    Listing Contact
    Ted Krzysztofiak
    Real Estate License ID: 475137885
    Learn More
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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.

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