Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    High-Visibility Commercial Land Opportunity Title is generated by Realmo AI

    119 W Lake Street, Bloomingdale, IL 60108

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $546,115

    1.25-acre commercial site on heavily-trafficked Lake Street.

    Type:Unimproved Land
    Added:
    May 27, 2025
    Days on Market:
    360
    Last Refresh:
    May 19 at 10:35 pm

    Property Features for 119 W Lake Street

    General Information

    Standard status
    Active
    Property subtype
    Unimproved Land

    We can help!

    Listing Contact
    Rocco Zaccaro

    Listing agent Rocco Zaccaro License #0344475

    Listing office Coldwell Banker Realty

    Listing date May 27, 2025

    Source Kw

    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 Coldwell Banker Realty

    HighLights

    • High‑visibility location with 400 FT of frontage on heavily‑trafficked Lake Street, exposed to 90,000 vehicles per day.
    • 1.25‑acre prime commercial site offering excellent redevelopment or end‑user opportunity.
    • Existing 1,100 SF building on‑site suitable for immediate occupancy by a restaurant or retail concept.
    • Multiple points of access for both eastbound and westbound traffic.
    • Zoned for flexible commercial uses, accommodating various business types.
    • Three contiguous parcels (119, 125, & 127 W Lake Street) providing a strategic advantage.

    Overview

    This 1.25-acre commercial site is located on Lake Street in Bloomingdale, Illinois, and offers approximately 400 feet of frontage with exposure to over 90,000 vehicles per day. The property includes an existing 1,100 square foot structure suitable for a restaurant or retail concept. The site is also suitable for redevelopment and is a strong candidate for national retailers, drive-thru concepts, medical facilities, or service-oriented businesses. The property consists of three contiguous parcels, offering access for both eastbound and westbound traffic. The zoning allows for flexible commercial uses. This location is suitable for opening a restaurant, launching a retail location, or positioning a business along a busy corridor.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Bloomingdale
    County
    DuPage
    State
    Illinois
    Longitude
    -88.0833765
    Latitude
    41.9582058

    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
    • $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
    • $2,394,000
      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
    • $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
    • $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
    • 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
    • $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 - 1.25-acre commercial site on heavily-trafficked Lake Street.
    Where is this commercial land located?
    The property is located at 119 W Lake Street Bloomingdale, IL.
    What is the asking price?
    The asking price for this property is $546,115.
    What are key features of this property?
    This property features: High‑visibility location with 400 FT of frontage on heavily‑trafficked Lake Street, exposed to 90,000 vehicles per day.; 1.25‑acre prime commercial site offering excellent redevelopment or end‑user opportunity.; Existing 1,100 SF building on‑site suitable for immediate occupancy by a restaurant or retail concept.
    (201) 406-8015
    We can help!
    Listing Contact
    Rocco Zaccaro
    Real Estate License ID: 0344475
    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

    Thank You for Inquiry
    119 W Lake Street, Bloomingdale, IL 60108,
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!