Freestanding Retail
For Sale
$575,000
1718 Ogden Avenue, Lisle, IL 60532
Fully leased commercial building with on-site parking along Ogden Avenue in Lisle.
Property Size2,420 SF
Price / SF$237.60
Days on Market487
Property Features for 1718 Ogden Avenue
General Information
Standard status
Active
Size
2,420 SF
Property subtype
Commercial/Industrial
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$13,295
Building Details
Year Built
1985
Buildings
1
Tenancy
Single
Listing Agency:
Capital Commercial Real Estate Brokerage, PLLC
(847) 254-1215
Listed By:
Donna Ballentine · License #475125388
(847) 254-1215
Source:
Exitrealty
Added: May 1, 2025
Changed: Aug 29
Last Checked: Aug 29 at 5:20PM
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 Capital Commercial Real Estate Brokerage, PLLC
Investment Insights
Based on property information with market context.
This freestanding storefront property contains 2,420 square feet and was built in 1985. The building is fully leased to Cabinet City, a retailer with multiple locations and an established presence in the area. On-site parking supports the existing commercial use.
Located at 1718 Ogden Avenue in Lisle, the property offers access along an established retail corridor. The surrounding area includes retail businesses, and the population within 3 miles exceeds 83,000. The property is positioned in a western suburban setting with reported median household income described as robust in the immediate area.
Located at 1718 Ogden Avenue in Lisle, the property offers access along an established retail corridor. The surrounding area includes retail businesses, and the population within 3 miles exceeds 83,000. The property is positioned in a western suburban setting with reported median household income described as robust in the immediate area.
Key Highlights
- 2,420 SF freestanding commercial building
- Fully leased to Cabinet City
- Built in 1985
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
$33,590
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
5.84%
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%
$671,800
$671.8K
Cap Rate 7%
$479,857
$479.9K
Cap Rate 9%
$373,222
$373.2K
Market Conditions
NOI Build-Up for 2,420 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
$52.3K $21.60/SF
− Vacancy
−$4.3K −$1.77/SF
EGI
$48.0K $19.83/SF
− OpEx
−$14.4K −$5.95/SF
NOI
$33.6K $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%
$671,800
Cap Rate 7%
$479,857
Cap Rate 9%
$373,222
Alternative Uses
Best Use
Retail
$479.9K
$419.9K – $559.8K
NOI $33,590 @ 7.0% cap · market cap 5.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$835.5K
$731.1K – $974.8K
NOI $58,486 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
634
Businesses Nearby
13k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 92%
Dining 8%
Shell
Shops & Services
9,173 visits/mo
0.2 miles
Wild Birds Unlimited
Shops & Services
1,812 visits/mo
0.3 miles
Pizza Hut
Dining
984 visits/mo
0.2 miles
Public Storage
Shops & Services
855 visits/mo
0.4 miles
AAMCO Transmissions
Shops & Services
256 visits/mo
0.3 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.
Similar Off Market Nearby
- Flowers of Wheaton — 4728 Main St apt c, Lisle, IL 60532
- Wildflower Florist — 4728 Main St apt c, Lisle, IL 60532
Frequently Asked Questions
What type of property is this?
Storefront property - Fully leased commercial building with on-site parking along Ogden Avenue in Lisle.
Where is this storefront property located?
The property is located at 1718 Ogden Avenue Lisle, IL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 2,420 SF freestanding commercial building; Fully leased to Cabinet City; Built in 1985
