Renovated Restaurant
For Sale
$479,000
1209 Lisle Place, Lisle, IL 60532
COMMERCIAL - Lisle, IL
Property Size2,500 SF
Lot Size0.40 Acres
Price / SF$191.60
Days on Market230
Property Features for 1209 Lisle Place
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
COMMR
Directions
Rt. 53 Just south of Ogden Or N of 75th. Across the street from the bowling alley (Lisle Lanes)
Subdivision
Lisle
Standard status
Active
APN
1125352100
Lot size
0.40 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2900
Utilities
Cooling system
Central Air
Amenities
new outdoor deck
Building Details
Year built
1927
Floors in Building
2
Building materials
Brick
Roof type
Composition
Listing Agency:
M Property Group LLC
(630) 518-4511
Listed By:
Marisa Rohrer · License #471021730
(630) 846-0133
Added: Dec 22, 2025
Changed: Aug 4
Last Checked: Aug 9 at 1:06PM
MLS# 12532169
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,500-square-foot restaurant property occupies 0.4004 acres and includes a nearly completed interior renovation with an existing restaurant build-out. The improvements include a new outdoor deck, a large parking lot, central air conditioning, brick construction, and a composition roof. Built in 1927, the building is configured for restaurant use while offering a finished commercial setting for continued operation or further interior completion.
The property fronts Route 53 in downtown Lisle’s business district, directly across from a bowling alley and within a short walk of the Metra train station. Regional access is supported by proximity to I-88 and I-355. Its location combines a recognizable roadway position with nearby recreational and commuter-oriented destinations.
The property fronts Route 53 in downtown Lisle’s business district, directly across from a bowling alley and within a short walk of the Metra train station. Regional access is supported by proximity to I-88 and I-355. Its location combines a recognizable roadway position with nearby recreational and commuter-oriented destinations.
Key Highlights
- 2,500 SF restaurant building on 0.4004 acres
- Nearly completed interior renovation with restaurant build‑out
- New outdoor deck and large parking lot
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
$41,850
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
8.74%
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%
$837,000
$837.0K
Cap Rate 7%
$597,857
$597.9K
Cap Rate 9%
$465,000
$465.0K
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
$60.0K $24.00/SF
− Vacancy
−$4.2K −$1.68/SF
EGI
$55.8K $22.32/SF
− OpEx
−$14.0K −$5.58/SF
NOI
$41.9K $16.74/SF
Area
DuPage County, IL
Vacancy
7.00%
Lease Rate
$24.00 /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%
$837,000
Cap Rate 7%
$597,857
Cap Rate 9%
$465,000
Alternative Uses
Best Use
Specialty Retail
$597.9K
$523.1K – $697.5K
NOI $41,850 @ 7.0% cap · market cap 8.74%
Second Best
Retail
$495.7K
$433.8K – $578.3K
NOI $34,700 @ 7.0% cap · market cap 7.24%
Theoretical Best
Office A
$863.1K
$755.3K – $1.01M
NOI $60,420 @ 7.0% cap · market cap 12.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
879
Businesses Nearby
10k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
5,397 visits/mo
0.3 miles
Wild Birds Unlimited
Shops & Services
1,812 visits/mo
0.5 miles
U.S. Bank
Shops & Services
1,603 visits/mo
0.4 miles
Valvoline Instant Oil Change
Shops & Services
1,297 visits/mo
0.4 miles
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 Retail 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 - Restaurant build-out includes an outdoor deck, substantial parking area, and central air conditioning.
Where is this conventional restaurant located?
The property is located at 1209 Lisle Place Lisle, IL.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: 2,500 SF restaurant building on 0.4004 acres; Nearly completed interior renovation with restaurant build‑out; New outdoor deck and large parking lot
