Building Details

Year Built 2006

Stories 1

Units 36

Listing Agency: COMPASS

Listed By: Shamar Brossard · License #IL475184772 Show Phone

Source: Crexi

Added: Oct 22, 2024 Changed: Oct 2 Last Checked: Oct 5 at 5:24PM

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Investment Insights

Based on property information with market context.

Located in Lindenhurst, Illinois, this mixed-use property offers a main room spanning over 6,500 square feet with a 14-foot clear height, connected to a 1,000 square foot warehouse. The warehouse includes a 10-foot overhead drive-in door and a triple basin. Currently used for retail purposes, the open layout provides flexibility for various future uses, including a full-service restaurant with gaming, a craft brewery or distillery, or modern creative or professional offices. The property is also suited for medical or therapeutic use, such as an autism behavior therapy center, renal care facility, or orthopedic clinic. The property features 86 feet of frontage and a parking lot that accommodates 36 vehicles. The Village of Lindenhurst offers grants for permanent improvements. The property has excellent accessibility and visibility. The total property size is 9,128 square feet.

Key Highlights

• Expansive 6,500 SF main room with 14’ clear height.
• 1,000 SF warehouse with 10’ overhead drive‑in door and triple basin.
• Ample parking with a 36‑vehicle capacity.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$125,860

Cap Rate

8.28%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,517,200 $2.5M

Cap Rate 7%

$1,798,000 $1.8M

Cap Rate 9%

$1,398,444 $1.4M

Market Conditions

NOI Build-Up for 9,128 SF

Gross rent

$223.5K $24.48/SF

− Vacancy

−$55.6K −$6.10/SF

EGI

$167.8K $18.38/SF

− OpEx

−$42.0K −$4.60/SF

NOI

$125.9K $13.79/SF

Area

Lake 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 Rate 5%

$2,517,200

Cap Rate 7%

$1,798,000

Cap Rate 9%

$1,398,444

Alternative Uses

Best Use

Office B

$1.80M

$1.57M – $2.10M (±1% cap)

NOI $125,860 @ 7.0% cap · market cap 8.28%

Second Best

Mixed Use

$1.35M

$1.18M – $1.57M (±1% cap)

NOI $94,475 @ 7.0% cap · market cap 6.22%

Theoretical Best

Office A

$3.15M

$2.76M – $3.68M (±1% cap)

NOI $220,604 @ 7.0% cap · market cap 14.51%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Retail space

Location Intelligence

Trade Area within ½ mile

302

Businesses Nearby

Explore this area Business Placement

Demographics for 60046, IL

34,690

Population

12,544

Households

2.8

Avg Household Size

41

Median Age

42%

College-Educated

94%

High-School Grad

23.0 sq mi

ZIP Area

1,508

Density / Sq Mi

$122,376

Median Household Income

$58,297

Median Earnings

$1,645

Median Rent

$282,500

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - Mixed-use property with retail space, warehouse, and redevelopment potential.

Where is this mixed-use property located?

The property is located at 625 Bridgeport Terrace Lindenhurst, IL.

What is the asking price?

The asking price for this property is $1,520,000.

What are key features of this property?

This property features: Expansive 6,500 SF main room with **14’ clear height**.; 1,000 SF warehouse with **10’ overhead drive‑in door** and triple basin.; Ample parking with a 36‑vehicle capacity.