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

    Gary Avenue Bloomingdale, IL 60108

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $349,000

    LAND - Bloomingdale, IL

    Lot size:
    2.30 Acres
    Added:
    Feb 3, 2025
    Days on Market:
    449
    Last Refresh:
    Apr 28 at 7:06 pm

    Property Features for Gary Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    AGRIC
    Standard status
    Active
    APN
    0217101043
    Lot size
    2.30 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    126

    We can help!

    Listing Contact
    Emilio Bartucci

    Listing agent Emilio Bartucci License #475127821

    Listing office HomeSmart Connect LLC 3030 Salt Creek Lane #145, Arlington Heights, IL

    Listing date Feb 3, 2025

    MLS# 12283308 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

    Bloomingdale Land Near Gary Avenue

    This 2.3-acre commercial land is located on Gary Avenue in Bloomingdale, Illinois, near Stratford Square Mall. The property is situated in a growing area with new developments and is adjacent to a Meijer Superstore, providing high visibility and foot traffic. The location is suitable for retail, dining, or other commercial ventures. The area is experiencing continuous growth and investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Bloomingdale
    County
    DuPage
    State
    Illinois
    Longitude
    -88.1200845
    Latitude
    41.9399248

    Nearby Similar for Sale

    • $379,000

      Bloomingdale Cul-de-Sac Lot

      Residential lot in established subdivision, convenient location.
      308 Felicia Court, Bloomingdale, IL 60108
      View Details
    • $179,896

      Buildable Lot in Downtown Bloomingdale

      Rare opportunity to build in an established Bloomingdale area.
      115 S 1st Street, Bloomingdale, IL 60108
      View Details
    • $2,394,000
      3,047 SF

      Freestanding Popeyes Restaurant Investment Opportunity

      NNN leased Popeyes with drive-thru in Chicago MSA.
      405 W Army Trail Rd, Bloomingdale, IL
      View Details
    • $1,500,000

      Bloomingdale Commercial Land For Sale

      Approximately 1.99 SF of commercial land available for purchase.
      439 West Schick Road, Bloomingdale, IL, 60108
      View Details
    • $2,500,000

      Bloomingdale Commercial Land for Sale

      Commercial land with access to major transportation routes and amenities.
      318 Edgewater Dr, Bloomingdale, IL
      View Details
    • $2,500,000
      4 SF

      Land Near Lake Street

      Land with easy access to I-355 and local amenities.
      321 Edgewater Drive, Bloomingdale, IL, 60108
      View Details
    • Contact for pricing

      Bloomingdale Commercial Land For Sale

      Commercial land with high visibility and easy highway access.
      323 W Army Trail Rd, Bloomingdale, IL
      View Details
    • $165,000

      Bloomingdale Land Development Opportunity

      0.76 acre commercial land parcel with high traffic frontage.
      166 West Lake Street, Bloomingdale, IL 60108
      View Details
    • $4,410,254
      7,647 SF

      Bloomingdale Office Building For Sale

      Office building with high occupancy and value-add potential.
      473 Army Trail Rd, Bloomingdale, IL
      View Details
    • Contact for pricing

      Land

      NWC Gary Ave & Lawrence Ave, Bloomingdale, IL 60108
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.3 acre commercial land near Stratford Square Mall.
    Where is this commercial land located?
    The property is located at Gary Avenue Bloomingdale, IL.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: Prime location on bustling Gary Avenue near Stratford Square Mall.; Adjacent to Meijer Superstore, providing high visibility and foot traffic.; Surrounded by new developments, indicating a thriving area.
    (847) 495-5000
    We can help!
    Listing Contact
    Emilio Bartucci
    Real Estate License ID: 475127821
    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!