Renovated Two-Story Restaurant
For Sale
$399,000
1209 Lisle Pl, Lisle, IL 60532
B-3 zoning supports restaurant, retail, office, salon, and other stated business uses.
Property Size2,500 SF
Price / SF$159.60
Days on Market9
Property Features for 1209 Lisle Pl
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Commercial
Zoning
B-3
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Office Units
1
Amenities
new outdoor deck
large parking lot
Building Details
Year Built
1927
Buildings
1
Stories
2
Building Size
2,500 SF
Listing Agency:
M Property Group LLC
Listed By:
Marisa Rohrer (630) 846-0133 · License #471021730
(630) 846-0133
Source:
Searchillinoishomesforsale
Added: Aug 31
Changed: Sep 6
Last Checked: Sep 7 at 9:59AM
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 M Property Group LLC
Investment Insights
Based on property information with market context.
This 2,500 SF, two-story commercial building was constructed in 1927 and has received extensive interior improvements, including updated electrical, plumbing, flooring, walls, and ceilings. The first floor includes a partially completed quick-service restaurant build-out, while the finished second floor provides office and meeting space. A new outdoor deck and large parking lot add functional support for the property’s current configuration.
Positioned on Route 53 in the Lisle Business District, the property is across from a bowling alley and within a short walk of the Metra train station. B-3 zoning supports a range of stated uses, including a bar, restaurant, cafe, retail shop, office, salon, or pet salon. The property also offers access to I-88 and I-355.
Positioned on Route 53 in the Lisle Business District, the property is across from a bowling alley and within a short walk of the Metra train station. B-3 zoning supports a range of stated uses, including a bar, restaurant, cafe, retail shop, office, salon, or pet salon. The property also offers access to I-88 and I-355.
Key Highlights
- 2,500 SF two‑story commercial building on Route 53
- B‑3 zoning supports restaurant, bar, cafe, retail, office, salon, and pet salon uses
- Partially completed quick‑service restaurant build‑out on the first floor
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
$34,471
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
8.64%
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%
$689,420
$689.4K
Cap Rate 7%
$492,443
$492.4K
Cap Rate 9%
$383,011
$383.0K
Market Conditions
NOI Build-Up for 2,500 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
$61.2K $24.48/SF
− Vacancy
−$15.2K −$6.10/SF
EGI
$46.0K $18.38/SF
− OpEx
−$11.5K −$4.60/SF
NOI
$34.5K $13.79/SF
Area
DuPage County, IL
Vacancy
24.90%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
25.00%
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%
$689,420
Cap Rate 7%
$492,443
Cap Rate 9%
$383,011
Alternative Uses
Best Use
Specialty Retail
$597.9K
$523.1K – $697.5K
NOI $41,850 @ 7.0% cap · market cap 10.49%
Second Best
Office B
$492.4K
$430.9K – $574.5K
NOI $34,471 @ 7.0% cap · market cap 8.64%
Theoretical Best
Office A
$863.1K
$755.3K – $1.01M
NOI $60,420 @ 7.0% cap · market cap 15.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
879
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60532, IL
28,766
Population
13,203
Households
2.2
Avg Household Size
39
Median Age
59%
College-Educated
98%
High-School Grad
8.5 sq mi
ZIP Area
3,384
Density / Sq Mi
$100,373
Median Household Income
$64,114
Median Earnings
$1,576
Median Rent
$387,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - B-3 zoning supports restaurant, retail, office, salon, and other stated business uses.
Where is this conventional restaurant located?
The property is located at 1209 Lisle Pl Lisle, IL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 2,500 SF two‑story commercial building on Route 53; B‑3 zoning supports restaurant, bar, cafe, retail, office, salon, and pet salon uses; Partially completed quick‑service restaurant build‑out on the first floor
