Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    800 Broadview Village Sq Broadview, IL 60155

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1.26 acre commercial outlot in Broadview Village Square.

    Property size:
    1 SF

    Property Features for 800 Broadview Village Sq

    General Information

    Standard status
    Active
    Size
    1 SF

    We can help!

    Listing Contact
    Mario Melone
    Mario Melone
    Source: Cbre

    Listing Agency: CBRE | Chicago Listing Agent: Mario Melone

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

    Learn more

    Overview

    Broadview Commercial Outlot For Sale

    This is a 1.26 acre outlot located within the 720,000 square foot Broadview Village Square. The square is anchored by Super-Target, Home Depot, Petsmart, Marshalls, LA Fitness, Ashley Furniture and Sports Authority. The property is located at a signalized intersection within a mature market. Zoned C-2 General Commercial, the site allows for a maximum building area of 6,000 square feet. The intended use is for a single tenant restaurant or retail building. Drive-thru service is not permitted. The surrounding area features a dense population and daytime employees. Major area employers include Hines Veterans Hospital, Loyola University Medical Hospital, and Elkay.
    Location Intelligence

    Current Use by Public Records

    Sarah Prokop Pharmacy Coinhub Bitcoin ATM ... Atm Kimberly Serrano Physician Adam Niemeyer Pharmacy Tara Farmer Pharmacy

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Broadview
    County
    Cook
    State
    Illinois
    Longitude
    -87.8508425
    Latitude
    41.855122

    Nearby Similar for Sale

    • $300,000
      3,500 SF

      Medical Office Building For Sale

      Updated medical office building in a high-traffic location.
      2201 W Roosevelt Rd, Broadview, IL 60155
      View Details
    • $450,000
      22,000 SF

      Maywood Commercial Property For Sale

      Large lot with existing structure and ample parking.
      615 S 5Th Ave, Maywood, IL 60153
      View Details
    • $399,000
      0.07 Acres

      Turn-Key Automotive Repair Facility

      Ready-to-go automotive facility in a prime, high-visibility location.
      1825 S 17Th Ave, Broadview, IL 60155
      View Details
    • $399,000
      0.07 Acres

      Turn-Key Automotive Repair Facility

      Ready-to-go automotive facility in prime location, equipment included.
      1825 S 17Th Ave, Broadview, IL 60155
      View Details
    • $559,000
      0.57 Acres

      Maywood Car Wash For Sale

      Updated car wash facility on busy Roosevelt Road corridor.
      801 W Roosevelt Rd, Maywood, IL 60153
      View Details
    • $220,000
      0.08 Acres

      Updated Storefront in Maywood, IL

      City-approved, updated storefront ideal for salon, studio, or small business.
      1209 S 5Th Ave, Maywood, IL 60153
      View Details
    • $80,000
      0.06 Acres

      Maywood Commercial Opportunity For Sale

      Commercial property in Maywood, ideal for auto repair business.
      512 Lake St, Maywood, IL 60153
      View Details
    • New
      $409,900
      0.16 Acres

      Maywood Multifamily Property For Sale

      Multifamily property available in Maywood, Illinois.
      1118 S 7Th Ave, Maywood, IL 60153
      View Details
    • New
      $2,950,000
      12,000 SF

      Established Restaurant & Banquet Facility

      Long-standing restaurant and banquet facility with apartments for sale.
      9200 Cermak Rd, Broadview, IL 60155
      View Details
    • $2,950,000
      12,000 SF

      Restaurant & Banquet Facility For Sale

      Established restaurant and banquet facility with 23 studio apartments.
      9200 Cermak Rd, Broadview, IL 60155
      View Details
    • $2,425,000
      0.48 Acres

      Truck Repair Facility with Store

      Maywood truck repair facility with adjacent convenience store for sale.
      1310 S 4Th Ave, Maywood, IL 60153
      View Details
    • $450,000
      22,000 SF

      Maywood Commercial Property on 5th

      22,000 SF structure on 61,000+ SF lot in Maywood.
      615 S 5Th Ave, Maywood, IL 60153
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.26 acre commercial outlot in Broadview Village Square.
    Where is this commercial land located?
    The property is located at 800 Broadview Village Sq Broadview, IL.
    What are key features of this property?
    This property features: - Outlot to 720,000 SF Broadview Village Square anchored by Super-Target, Home Depot and more.; - Rare opportunity at a signalized intersection.; - Dense population and daytime employees nearby.
    (630) 573-7112
    Request Owner's contact information
    800 Broadview Village Sq Broadview, IL 60155
    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.
    800 Broadview Village Sq
    Broadview, IL 60155
    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
    800 Broadview Village Sq Broadview, IL 60155
    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
    Mario Melone
    Mario Melone
    Real Estate License ID: 475150504
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!