High-Visibility Retail Development
For Sale
Contact for pricing
127 W Lake St, Bloomingdale, IL 60108
Multi-parcel retail site with approximately 400 feet of Lake Street frontage and an existing 1,100 SF structure.
Property Size1,100 SF
Lot Size1.25 Acres
Price / SF$200
Days on Market87
Property Features for 127 W Lake St
General Information
Standard status
Active
Size
1,100 SF
Lot size
1.25 Acres
Property subtype
Land
Zoning
C
Investment Type
Redevelopment
Additional Details
Traffic Count
90,000 vehicles/day
Listing Agency:
Coldwell Banker Commercial Realty
Listed By:
Anthony Catanese · License #TX
Source:
Crexi
Added: Jun 16
Changed: Sep 4
Last Checked: Sep 10 at 9:09AM
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 Commercial Realty
Investment Insights
Based on property information with market context.
For sale is a high-visibility retail development site comprising three contiguous parcels with approximately 400 feet of frontage on Lake Street in Bloomingdale, Illinois. The property includes an existing 1,100 SF structure that may support rapid tenant occupancy, along with the flexibility of a 1.25-acre site for redevelopment or immediate use.
Located along one of DuPage County’s busiest corridors, the offering benefits from exposure to traffic exceeding 90,000 vehicles per day. Multiple points of ingress and egress are provided from both eastbound and westbound Lake Street, supporting efficient access and circulation.
According to the provided zoning information, the site accommodates a wide range of commercial applications, including retail, dining, medical, and service-oriented businesses. Additional signage opportunities may support visibility for prospective tenants or future development.
Located along one of DuPage County’s busiest corridors, the offering benefits from exposure to traffic exceeding 90,000 vehicles per day. Multiple points of ingress and egress are provided from both eastbound and westbound Lake Street, supporting efficient access and circulation.
According to the provided zoning information, the site accommodates a wide range of commercial applications, including retail, dining, medical, and service-oriented businesses. Additional signage opportunities may support visibility for prospective tenants or future development.
Key Highlights
- Approximately 400 ft of Lake Street frontage across three contiguous parcels on a high‑traffic corridor
- Traffic counts exceeding 90,000 vehicles per day per provided remarks
- 1.25‑acre site with an existing 1,100 SF structure for immediate tenant occupancy
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
$15,268
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
6.94%
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%
$305,360
$305.4K
Cap Rate 7%
$218,114
$218.1K
Cap Rate 9%
$169,644
$169.6K
Market Conditions
NOI Build-Up for 1,100 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
$23.8K $21.60/SF
− Vacancy
−$1.9K −$1.77/SF
EGI
$21.8K $19.83/SF
− OpEx
−$6.5K −$5.95/SF
NOI
$15.3K $13.88/SF
Area
DuPage County, IL
Vacancy
8.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
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%
$305,360
Cap Rate 7%
$218,114
Cap Rate 9%
$169,644
Alternative Uses
Best Use
Retail
$218.1K
$190.9K – $254.5K
NOI $15,268 @ 7.0% cap · market cap 6.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$379.8K
$332.3K – $443.1K
NOI $26,585 @ 7.0% cap · market cap 12.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
90,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,073
Businesses Nearby
77k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 74%
Shops & Services 23%
Beauty & Spa 3%
Portillo's
Dining
33,557 visits/mo
0.4 miles
McDonald's
Dining
21,458 visits/mo
0.2 miles
Dollar Tree
Shops & Services
10,570 visits/mo
0.4 miles
Hallmark
Shops & Services
3,817 visits/mo
0.5 miles
Mobil
Shops & Services
3,380 visits/mo
0.2 miles
Demographics for 60108, IL
23,070
Population
9,625
Households
2.4
Avg Household Size
45
Median Age
42%
College-Educated
93%
High-School Grad
7.4 sq mi
ZIP Area
3,118
Density / Sq Mi
$99,868
Median Household Income
$58,317
Median Earnings
$1,607
Median Rent
$367,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Commercial land - Multi-parcel retail site with approximately 400 feet of Lake Street frontage and an existing 1,100 SF structure.
Where is this commercial land located?
The property is located at 127 W Lake St Bloomingdale, IL.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Approximately 400 ft of Lake Street frontage across three contiguous parcels on a high‑traffic corridor; Traffic counts exceeding 90,000 vehicles per day per provided remarks; 1.25‑acre site with an existing 1,100 SF structure for immediate tenant occupancy
