Brick Bank Building with
For Sale
$1,600,000
6125 S Cass Avenue, Westmont, IL 60559
An unfinished interior and existing sprinkler system provide a defined starting point for renovation.
Property Size9,256 SF
Price / SF$172.86
Days on Market1411
Property Features for 6125 S Cass Avenue
General Information
Standard status
Active
Size
9,256 SF
Property subtype
Commercial/Industrial
Additional Details
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$20,266
Building Details
Year Built
1977
Buildings
1
Construction
brick
Listing Agency:
LAW Realty Ltd
(847) 791-1396
Listed By:
Lori Ward · License #471000843
(847) 791-1396
Source:
Exitrealty
Added: Oct 22, 2022
Changed: Aug 30
Last Checked: Aug 31 at 5:24PM
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 LAW Realty Ltd
Investment Insights
Based on property information with market context.
This 9,256-square-foot former bank building in Westmont, Illinois, was constructed in 1977 and features a single-story main level, a partial upper floor, and a lower level with a former bank vault. Brick construction defines the exterior. Interior demolition has been completed, and a renovation was started but not finished, leaving the space ready for further buildout. A sprinkler system is already installed, while the property is offered as-is.
Located at 6125 S Cass Avenue, the building is across from a newly established car wash and a shopping center with Amazon Fresh, Marianos, and Starbucks. The surrounding commercial setting and established Cass Avenue address provide clear context for evaluating the property’s next use.
Located at 6125 S Cass Avenue, the building is across from a newly established car wash and a shopping center with Amazon Fresh, Marianos, and Starbucks. The surrounding commercial setting and established Cass Avenue address provide clear context for evaluating the property’s next use.
Key Highlights
- 9,256 SF former bank building constructed in 1977
- Single‑story layout with partial upper floor and lower‑level former bank vault
- Brick exterior construction
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
$128,475
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
8.03%
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%
$2,569,500
$2.6M
Cap Rate 7%
$1,835,357
$1.8M
Cap Rate 9%
$1,427,500
$1.4M
Market Conditions
NOI Build-Up for 9,256 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
$199.9K $21.60/SF
− Vacancy
−$16.4K −$1.77/SF
EGI
$183.5K $19.83/SF
− OpEx
−$55.1K −$5.95/SF
NOI
$128.5K $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%
$2,569,500
Cap Rate 7%
$1,835,357
Cap Rate 9%
$1,427,500
Alternative Uses
Best Use
Specialty Retail
$2.21M
$1.94M – $2.58M
NOI $154,945 @ 7.0% cap · market cap 9.68%
Second Best
Retail
$1.84M
$1.61M – $2.14M
NOI $128,475 @ 7.0% cap · market cap 8.03%
Theoretical Best
Office A
$3.20M
$2.80M – $3.73M
NOI $223,697 @ 7.0% cap · market cap 13.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
732
Businesses Nearby
239k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 25%
Groceries 23%
Beauty & Spa 1%
Raising Cane's Chicken Fingers
Dining
41,591 visits/mo
0.1 miles
Mariano's
Groceries
34,810 visits/mo
0.2 miles
McDonald's
Dining
23,488 visits/mo
0.1 miles
Aldi
Groceries
20,499 visits/mo
0.2 miles
Thorntons
Shops & Services
13,755 visits/mo
0.5 miles
Demographics for 60559, IL
24,363
Population
11,105
Households
2.2
Avg Household Size
39
Median Age
49%
College-Educated
95%
High-School Grad
4.7 sq mi
ZIP Area
5,184
Density / Sq Mi
$87,474
Median Household Income
$53,980
Median Earnings
$1,491
Median Rent
$356,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - An unfinished interior and existing sprinkler system provide a defined starting point for renovation.
Where is this bank located?
The property is located at 6125 S Cass Avenue Westmont, IL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 9,256 SF former bank building constructed in 1977; Single‑story layout with partial upper floor and lower‑level former bank vault; Brick exterior construction
