Building Details

Year Built 1997

Buildings 1

Stories 2

Construction brick

Tenancy Multi

Listing Agency: GMC Realty LTD

Listed By: Rocky LaGioia

Source: Realtopiare

Added: Sep 19 Changed: Sep 20 Last Checked: Sep 24 at 11:54AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of GMC Realty LTD

Investment Insights

Based on property information with market context.

This 3,272 SF strip center is a two-story, all-brick commercial property built in 1997. The building is described as well maintained and includes a fully finished lower level that can support additional use or be leased separately.

Current occupants include State Farm and a medical/exercise facility, creating a mix of office and service-oriented tenancy. The property is positioned in a high-traffic area of Bloomingdale with visibility and exposure from 108 1st St. Its two-story configuration and finished lower level provide multiple areas for existing or future commercial use.

Key Highlights

• 3,272 SF property in a two‑story strip center
• All‑brick construction with a fully finished lower level
• Current tenants include State Farm and a medical/exercise facility

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$45,416

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

3.27%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$908,320 $908.3K

Cap Rate 7%

$648,800 $648.8K

Cap Rate 9%

$504,622 $504.6K

Market Conditions

NOI Build-Up for 3,272 SF Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent. EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs. OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements. NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.

Gross rent

$70.7K $21.60/SF

− Vacancy

−$5.8K −$1.77/SF

EGI

$64.9K $19.83/SF

− OpEx

−$19.5K −$5.95/SF

NOI

$45.4K $13.88/SF

Area

DuPage County, IL

Vacancy

8.20%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$908,320

Cap Rate 7%

$648,800

Cap Rate 9%

$504,622

Alternative Uses

Best Use

Retail

$648.8K

$567.7K – $756.9K (±1% cap)

NOI $45,416 @ 7.0% cap · market cap 3.27%

Second Best

Healthcare Medical

$619.2K

$541.8K – $722.5K (±1% cap)

NOI $43,347 @ 7.0% cap · market cap 3.12%

Theoretical Best

Office A

$1.13M

$988.5K – $1.32M (±1% cap)

NOI $79,077 @ 7.0% cap · market cap 5.69%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Shopping centers

Suggested Use

Top Pick Restaurant Auto Parts Store Parking Lot & Garage Auto Repair Shop Daycare Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

1,295

Businesses Nearby

131k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 60% Groceries 23% Shops & Services 15% Beauty & Spa 2%

Portillo's Dining

33,557 visits/mo 0.3 miles

Angelo Caputo's Fresh Markets! Groceries

30,650 visits/mo 0.4 miles

McDonald's Dining

21,458 visits/mo 0.2 miles

Starbucks Dining

13,619 visits/mo 0.4 miles

Dollar Tree Shops & Services

10,570 visits/mo 0.2 miles

Demographics for 60108, IL

23,070

Population

9,625

Households

2.4

Avg Household Size

45

Median Age

42%

College-Educated

93%

High-School Grad

7.4 sq mi

ZIP Area

3,118

Density / Sq Mi

$99,868

Median Household Income

$58,317

Median Earnings

$1,607

Median Rent

$367,400

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this shopping centers located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Shopping center - Finished lower level adds flexible space for occupancy or leasing.

Where is this shopping center located?

The property is located at 108 1st St Bloomingdale, IL.

What is the asking price?

The asking price for this property is $1,390,000.

What are key features of this property?

This property features: 3,272 SF property in a two‑story strip center; All‑brick construction with a fully finished lower level; Current tenants include State Farm and a medical/exercise facility