Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    119 W Lake St Bloomingdale, IL 60108

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $546,115

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

    Source: Kw

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

    Learn more

    Property Insight Report

    Overview

    High-Visibility Commercial Land Opportunity

    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

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    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

    • $39,000

      Parking Spaces in Private Garage

      Two parking spaces for sale in Bloomingdale, Illinois.
      122 Glengarry Dr, Bloomingdale, IL 60108
      View Details
    • $409,900
      1,668 SF

      Bloomfield Club First Floor Suite

      Move-in ready home with first-floor primary suite and finished basement.
      248 Lynwood Ln, Bloomingdale, IL 60108
      View Details
    • Contact for pricing
      67,000 SF

      Bloomingdale Medical Office For Sale

      Medical office building in Bloomingdale, convenient location for healthcare professionals.
      303 E Army Trail Rd, Bloomingdale, IL 60108
      View Details
    • $269,900

      Resort-Style Condo with Lake Views

      2-bedroom, 2-bath condo with modern updates and exceptional amenities.
      120 Lakeview Dr, 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 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 60108
      View Details
    • $495,000
      53,028 SF

      Bloomingdale Office Condo For Sale

      Prime location, 3,000 sq ft, high visibility.
      1 Tiffany Pt, 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 St 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.
    Request Owner's contact information
    119 W Lake St Bloomingdale, IL 60108
    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.
    119 W Lake St
    Bloomingdale, IL 60108
    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
    119 W Lake St Bloomingdale, IL 60108
    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.
    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.