Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Space in Bloomingdale Center Title is generated by Realmo AI

    156 S Gary Ave, Bloomingdale, IL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail opportunities available in a busy Bloomingdale shopping center.

    Type:RETAIL
    Property size:
    18,499 SF
    Lot size:
    32.67 Acres
    Added:
    Oct 10, 2023
    Days on Market:
    950
    Last Refresh:
    Apr 5 at 10:15 pm

    Property Features for 156 S Gary Ave

    General Information

    Standard status
    Active
    Size
    18,499 SF
    Lot size
    32.67 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 156 S Gary Ave Contact us

    We can help!

    Listing Contact
    Liz Krebs
    Liz Krebs

    Listing agent Liz Krebs

    Listing office Mid-America Real Estate Group | Oakbrook Terrace

    Listing date Oct 10, 2023

    Source Moodyscre

    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 Mid-America Real Estate Group | Oakbrook Terrace

    HighLights

    • Anchored by Mariano's, T.J. Maxx, Home Goods, Burlington and more.
    • High traffic location with 28,700 VPD on Gary Avenue.
    • Diverse tenant mix includes grocery, apparel, fitness, and dining.
    • Over 360,000 square feet of retail space.
    • 1.1 acres available for ground lease or build‑to‑suit next to PetSmart.
    • Anchor, pad, and small shop opportunities available.

    Overview

    This retail property is located on Gary Avenue in Bloomingdale, Illinois, offering various opportunities including anchor, pad, and small shop spaces. The shopping center spans over 360,000 square feet and benefits from high visibility with 28,700 vehicles per day. Anchors include Mariano's, T.J. Maxx, Home Goods, Burlington, Planet Fitness, Hobby Lobby, Party City, and PetSmart. The center provides one-stop shopping with grocery, apparel, shoes, fitness, home decor, dining, and retail services. Additionally, there is a 1.1-acre parcel available for ground lease or build-to-suit development next to PetSmart. One available space is 18,499 square feet.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    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.

    Similar Places Nearby

    • Sunglass Hut at Macy's — 344 Army Trail Rd, Bloomingdale, IL 60108
    • Painted Tree Boutiques - Bloomingdale — 368 W Army Trail Rd, Bloomingdale, IL 60108
    • Comparable #1 — 1175 N Gary Ave, Carol Stream, IL 60188
    • Cabinets & Granite Direct — 1175 N Gary Ave, Carol Stream, IL 60188
    • Bloomingdale Square — 398 Army Trail Rd, Bloomingdale, IL 60108

    Location Insight

    • Map
    • Local Demand
    City
    Bloomingdale
    County
    DuPage
    State
    Illinois
    Longitude
    -88.1206
    Latitude
    41.9524

    Nearby Similar for Lease

    • Contact for pricing
      164,585 SF

      Retail Space in Bloomingdale Square

      Prime retail location with high visibility and ample parking.
      394 West Army Trail Road, Bloomingdale, IL 60108
      View Details
    • Contact for pricing
      743 SF

      Bloomingdale Professional Office Space Available

      Professional office building with customizable suites in prime Bloomingdale location.
      290 Springfield Drive, Bloomingdale, IL 60108
      View Details
    • $1,975/Mo
      1,050 SF

      Office Space in Bloomingdale

      Office space available for lease in Bloomingdale, Illinois.
      112 S Bloomingdale Rd, Bloomingdale, IL
      View Details
    • $18 SF/Yr

      Bloomingdale Medical/Dental Office Space

      Move-in ready medical/dental office space in a visible location.
      183 South Bloomingdale Road, Bloomingdale, IL 60108
      View Details
    • Contact for pricing

      Auto Care Center Retail Space

      Multi-tenant auto care center near Stratford Regional Mall.
      250-349 Gary Ave., Bloomingdale, IL 60108
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Bloomingdale Center

      Retail space available in a busy Bloomingdale shopping center.
      142 S Gary Ave, Bloomingdale, IL
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space Available For Rent

      1,500 SF retail space available for rent.
      440 W Army Trail Rd # 50 | Bloomingdale, IL 60108
      View Details
    • Contact for pricing
      23,110 SF

      Bloomingdale Retail Space For Rent

      Retail space available in premier power center in Bloomingdale, IL.
      300 W Army Trail Rd, Bloomingdale, IL
      View Details
    • $13 SF/Yr
      2,040 SF

      Bloomingdale Retail Space For Lease

      Retail spaces available in Town Square of Bloomingdale.
      152-166 S Bloomingdale Rd, Bloomingdale, IL
      View Details
    • Contact for pricing
      3,083 SF

      Retail Space in Bloomingdale Center

      Retail space available in a bustling, grocery-anchored shopping center.
      134-166 E Lake St, Bloomingdale, IL
      View Details
    • Contact for pricing
      1,575 SF

      Bloomingdale Retail Space For Rent

      Retail space available in a premier power center.
      366 W Army Trail Rd, Bloomingdale, IL
      View Details
    • Contact for pricing
      3,000 SF

      Bloomingdale Retail Space For Rent

      Retail space available in a premier power center in Bloomingdale.
      318-328 W Army Trail Rd, Bloomingdale, IL
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail opportunities available in a busy Bloomingdale shopping center.
    Where is this shopping center located?
    The property is located at 156 S Gary Ave Bloomingdale, IL.
    What are key features of this property?
    This property features: Anchored by Mariano's, T.J. Maxx, Home Goods, Burlington and more.; **High traffic location** with 28,700 VPD on Gary Avenue.; Diverse tenant mix includes grocery, apparel, fitness, and dining.
    (630) 954-7300 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Liz Krebs
    Liz Krebs
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    156 S Gary Ave, Bloomingdale, IL
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!