Retail Building with
For Sale
Contact for pricing
151 E Irving Park Rd, Streamwood, IL 60107
Standalone retail building with approximately 4,829 SF on about 0.8 acres, supported by an estimated 24,600 traffic count.
Property Size4,829 SF
Price / SF$181.20
Days on Market609
Property Features for 151 E Irving Park Rd
General Information
Standard status
Active
Size
4,829 SF
Property subtype
RETAIL
Listing Agency:
CBRE | Chicago
(312) 935-1400
Listed By:
Peter Graham
(312) 861-7851
Source:
Moodyscre
Added: Jan 13, 2025
Changed: Aug 15
Last Checked: Sep 13 at 5:11AM
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 CBRE | Chicago
Investment Insights
Based on property information with market context.
This for-sale retail building offers approximately 4,829 SF of space on about 0.8 acres, providing a straightforward footprint for a variety of retail uses. The property is identified by pin number 06-26-111-014.
An estimated traffic count of 24,600 supports the site’s retail visibility, and the listing includes 2023 taxes payable in 2024 of $103,977.05.
The offering is positioned as a complete retail building package, with the available land providing room for on-site needs associated with retail operations.
An estimated traffic count of 24,600 supports the site’s retail visibility, and the listing includes 2023 taxes payable in 2024 of $103,977.05.
The offering is positioned as a complete retail building package, with the available land providing room for on-site needs associated with retail operations.
Key Highlights
- Standalone retail building with approximately 4,829 SF
- About 0.8 acres of land included
- Traffic count of approximately 24,600
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
$67,027
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
7.66%
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%
$1,340,540
$1.3M
Cap Rate 7%
$957,529
$957.5K
Cap Rate 9%
$744,744
$744.7K
Market Conditions
NOI Build-Up for 4,829 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
$104.3K $21.60/SF
− Vacancy
−$8.6K −$1.77/SF
EGI
$95.8K $19.83/SF
− OpEx
−$28.7K −$5.95/SF
NOI
$67.0K $13.88/SF
Area
Cook 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%
$1,340,540
Cap Rate 7%
$957,529
Cap Rate 9%
$744,744
Alternative Uses
Best Use
Retail
$957.5K
$837.8K – $1.12M
NOI $67,027 @ 7.0% cap · market cap 7.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,706 @ 7.0% cap · market cap 13.34%
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
Location Intelligence
Trade Area within ½ mile
366
Businesses Nearby
102k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 38%
Dining 36%
Shops & Services 25%
Jewel-Osco
Groceries
38,779 visits/mo
0.2 miles
McDonald's
Dining
23,573 visits/mo
0.3 miles
7-Eleven
Shops & Services
11,633 visits/mo
0.2 miles
Burger King
Dining
9,767 visits/mo
0.1 miles
Pet Supplies Plus
Shops & Services
6,233 visits/mo
0.1 miles
Demographics for 60107, IL
39,535
Population
13,476
Households
2.9
Avg Household Size
39
Median Age
29%
College-Educated
87%
High-School Grad
7.7 sq mi
ZIP Area
5,134
Density / Sq Mi
$101,017
Median Household Income
$45,032
Median Earnings
$1,849
Median Rent
$258,300
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?
Retail space - Standalone retail building with approximately 4,829 SF on about 0.8 acres, supported by an estimated 24,600 traffic count.
Where is this retail space located?
The property is located at 151 E Irving Park Rd Streamwood, IL.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Standalone retail building with approximately 4,829 SF; About 0.8 acres of land included; Traffic count of approximately 24,600
