Turnkey Retail Building on
For Sale
Contact for pricing
Pending
780 S Weber Rd, Romeoville, IL 60446
Modern 3,500 SF retail building in active commercial corridor.
Property Size3,500 SF
Days on Market161
Property Features for 780 S Weber Rd
General Information
Standard status
Pending
Size
3,500 SF
Property subtype
Office, Retail
Zoning
B-3 Highway Regional Shopping District
Investment Type
Value Add
Building Details
Year Built
2020
Buildings
1
Stories
1
Units
1
Listing Agency:
Greysteel Company LLC
Listed By:
Chuck Rich · License #RES.0830184
Source:
Crexi
Added: Mar 3
Changed: Aug 8
Last Checked: Jul 24 at 11:36AM
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 Greysteel Company LLC
Investment Insights
Based on property information with market context.
This 3,500 square foot freestanding retail building, constructed in 2020, is located in a Southwest Chicago suburb. The property offers modern construction with minimal deferred maintenance. Previously operated as an urgent care facility, the property includes a medical build-out with FF&E included in the sale or lease. Situated on Weber Road, the location benefits from high traffic, strong visibility, and convenient access to I-55. The general commercial zoning accommodates a range of retail, medical, service, and food and beverage uses. The municipality has expressed openness to a drive-thru installation, subject to traffic review. This location is suitable for an owner-user, investor, or national operator. The property is located at 780 S Weber Rd, Romeoville, IL 60446.
Key Highlights
- Like‑new 3,500 SF freestanding retail building built in 2020.
- High‑traffic location on Weber Road with outstanding visibility.
- General commercial zoning allows for a wide range of uses.
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
$47,408
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
3.16%
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%
$948,160
$948.2K
Cap Rate 7%
$677,257
$677.3K
Cap Rate 9%
$526,756
$526.8K
Market Conditions
NOI Build-Up for 3,500 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
$90.3K $25.80/SF
− Vacancy
−$11.3K −$3.23/SF
EGI
$79.0K $22.58/SF
− OpEx
−$31.6K −$9.03/SF
NOI
$47.4K $13.55/SF
Area
Will County, IL
Vacancy
12.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
40.00%
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%
$948,160
Cap Rate 7%
$677,257
Cap Rate 9%
$526,756
Alternative Uses
Best Use
Healthcare Medical
$677.3K
$592.6K – $790.1K
NOI $47,408 @ 7.0% cap · market cap 3.16%
Second Best
Office B
$600.7K
$525.6K – $700.8K
NOI $42,046 @ 7.0% cap · market cap 2.80%
Theoretical Best
Office A
$793.8K
$694.6K – $926.1K
NOI $55,566 @ 7.0% cap · market cap 3.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
Explore this area
Business Placement
Demographics for 60446, IL
40,465
Population
13,986
Households
2.9
Avg Household Size
36
Median Age
23%
College-Educated
84%
High-School Grad
19.5 sq mi
ZIP Area
2,075
Density / Sq Mi
$99,461
Median Household Income
$41,908
Median Earnings
$1,894
Median Rent
$245,100
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Modern 3,500 SF retail building in active commercial corridor.
Where is this retail space located?
The property is located at 780 S Weber Rd Romeoville, IL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Like‑new 3,500 SF freestanding retail building built in 2020.; High‑traffic location on Weber Road with outstanding visibility.; General commercial zoning allows for a wide range of uses.
