Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    701 Vlg Ctr Dr Burr Ridge, IL

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space with ample parking and highway access.

    Property size:
    2,618 SF
    Lot size:
    1.49 Acres

    Property Features for 701 Vlg Ctr Dr

    General Information

    Size
    2,618 SF
    Lot size
    1.49 Acres

    We can help!

    Listing Contact
    Paige Schiesser
    Paige Schiesser
    Source: Moodyscre

    Listing Agent: Paige Schiesser

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Space in Burr Ridge

    This retail space is located in Burr Ridge Village Center and offers immediate access to I-55 and I-294, as well as County Line Rd. The location is easily accessible to patrons in the surrounding affluent area. The property includes 2,618 square feet of space. The Burr Ridge Village Center provides 1,300 free parking spots for customer convenience.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Map

    City
    Burr Ridge
    County
    DuPage
    State
    Illinois
    Longitude
    -87.9285777
    Latitude
    41.7967461

    Nearby Similar for Lease

    • $19 SF/Yr
      6,821 SF

      Burr Ridge Office Space Available

      Prime Burr Ridge location, flexible office suites.
      7512 County Line Rd, Burr Ridge, IL 60527
      View Details
    • $15 SF/Yr
      2,000 SF

      Burr Ridge Warehouse Space Available

      Warehouse space for lease with convenient access to major routes.
      8320-8350 S Madison St, Burr Ridge, IL
      View Details
    • Contact for pricing
      28,572 SF

      Somerset Plaza: Willowbrook Flex Space

      Willowbrook flex space; ideal for diverse businesses.
      10S620 Kingery Hwy, Burr Ridge, IL 60527
      View Details
    • Contact for pricing
      15,000 SF

      Class A Office Space Available

      Class A office space for lease in Burr Ridge, Illinois.
      1333 Burr Rdg Pkwy, Burr Ridge, IL
      View Details
    • $16 SF/Yr
      5,041 SF

      Burr Ridge Office Complex

      Single-story office complex with remodeled suites and highway access.
      16-16 83 St, Burr Ridge, IL
      View Details
    • $27 SF/Yr
      1,820 SF

      Class A Office Space Available

      Three-story office building in Burr Ridge Business Center for lease.
      745 Mcclintock Dr, Burr Ridge, IL
      View Details
    • $19 SF/Yr
      6,640 SF

      Willowbrook Medical Office Space For Lease

      Prime Medical Office Suites in Burr Ridge
      0 6833‐6835 Kingery Hwy, Burr Ridge, IL 60527
      View Details
    • Contact for pricing
      8,714 SF

      Burr Ridge Manufacturing Space

      8,714 SF manufacturing space with office and shared docks.
      161 Tower Dr, Burr Ridge, IL
      View Details
    • $21 SF/Yr
      1,028 SF

      Move-in Ready Office Suites Available

      Office suites for rent with flexible floor plans and parking.
      345 83 St, Burr Ridge, IL
      View Details
    • $12 SF/Yr
      8,300 SF

      Burr Ridge Industrial Warehouse Space

      8,300 SF industrial space with heavy power and loading docks.
      7926-8010 S Madison St, Burr Ridge, IL
      View Details
    • $19 SF/Yr
      1,360 SF

      Burr Ridge Office Space Available

      Move-in ready office space with easy highway access.
      11S250 S Jackson St, Burr Ridge, IL
      View Details
    • Contact for pricing
      3,300 SF

      Retail Space in Burr Ridge

      Retail space for lease with ample parking and accessibility.
      705 Vlg Ctr Dr, Burr Ridge, IL
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space with ample parking and highway access.
    Where is this shopping center located?
    The property is located at 701 Vlg Ctr Dr Burr Ridge, IL.
    What are key features of this property?
    This property features: - Immediate access to I-55 and I-294.; - Accessible via County Line Rd.; - Situated in an affluent area.
    (630) 954-7300
    Request Owner's contact information
    701 Vlg Ctr Dr Burr Ridge, IL
    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.
    701 Vlg Ctr Dr
    Burr Ridge, IL
    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
    701 Vlg Ctr Dr Burr Ridge, IL
    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

    We can help!
    Listing Contact
    Paige Schiesser
    Paige Schiesser
    (630) 954-7300
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.