Bloomingdale Office Building For
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183 S BLOOMINGDALE RD, Bloomingdale, IL 60108
Long-term net lease with strong frontage and high residual asset.
Property Size24,312 SF
Price / SF$286.26
Days on Market83
Property Features for 183 S BLOOMINGDALE RD
General Information
Standard status
Active
Size
24,312 SF
Property subtype
Office
Net Operating Income
$521,963
Building Details
Year Built
1981
Buildings
1
Tenancy
Single
Listing Agency:
Northmarq - Chicago
(312) 777-2437
Listed By:
Isaiah Harf · License #IL 471019332
Source:
Crexi
Added: May 20
Changed: Aug 8
Last Checked: Aug 8 at 3:17PM
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 Northmarq - Chicago
Investment Insights
Based on property information with market context.
This commercial property features a long-term absolute net lease with 13 years remaining and no landlord responsibilities. The lease includes 3% annual rental increases throughout the base lease term and option periods. The property benefits from strong frontage on S Bloomingdale Rd, which experiences approximately 27,207 vehicles per day. It also offers access to US-20, I-355, W Army Trail Rd, and W Schick Rd. The property is situated in a dense and affluent trade area with over 263,000 residents and an average household income of over $132,000 within a five-mile radius. The property size is 24,312 square feet.
Key Highlights
- Long‑Term Absolute Net Lease with 13 Years Remaining and No Landlord Responsibilities
- Enjoy 3% Annual Rental Increases Throughout the Base Lease Term and Options Periods
- High Residual Asset - Sub-$300/SF at List Price
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
$335,223
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
4.82%
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%
$6,704,460
$6.7M
Cap Rate 7%
$4,788,900
$4.8M
Cap Rate 9%
$3,724,700
$3.7M
Market Conditions
NOI Build-Up for 24,312 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
$595.2K $24.48/SF
− Vacancy
−$148.2K −$6.10/SF
EGI
$447.0K $18.38/SF
− OpEx
−$111.7K −$4.60/SF
NOI
$335.2K $13.79/SF
Area
DuPage County, IL
Vacancy
24.90%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
25.00%
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%
$6,704,460
Cap Rate 7%
$4,788,900
Cap Rate 9%
$3,724,700
Alternative Uses
Best Use
Office B
$4.79M
$4.19M – $5.59M
NOI $335,223 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.39M
$7.34M – $9.79M
NOI $587,568 @ 7.0% cap · market cap 8.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,232
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Long-term net lease with strong frontage and high residual asset.
Where is this office building located?
The property is located at 183 S BLOOMINGDALE RD Bloomingdale, IL.
What is the asking price?
The asking price for this property is $6,959,504.
What are key features of this property?
This property features: Long‑Term Absolute Net Lease with 13 Years Remaining and No Landlord Responsibilities; Enjoy 3% Annual Rental Increases Throughout the Base Lease Term and Options Periods; High Residual Asset - Sub-$300/SF at List Price
