Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    701 Lake St Streamwood, IL 60107

    Sponsored
    For Sale
    $850,000
    Property size:
    32,670 SF
    Added:
    Dec 11, 2024
    Days on Market:
    404

    Property Features for 701 Lake St

    General Information

    Property type
    Individual retail properties
    Square Feet
    32,670 SF

    We can help!

    Listing Contact
    Albert Lindeman
    Albert Lindeman

    Learn more

    Property Insight Report

    HighLights

    • 32,670 SF site.
    • I‑2 General Industrial PUD zoning.
    • On‑site utilities.
    • Signalized intersection with high visibility.
    • Billboards generating $18,000 annual income, increasing $1,500 every five years.
    • Lake Street curb cut.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Streamwood
    County
    Cook
    State
    Illinois
    Longitude
    -88.165977627191
    Latitude
    41.9951886204

    Nearby Comparable

    • $850,000
      32,670 SF

      Streamwood Development Opportunity on Lake

      Shovel-ready site with high visibility and income potential.
      701 E Lake St, Streamwood, IL 60107
      View Details
    • $595,000
      0.66 Acres

      2630 Lake St

      Land • 0.66 Acres
      2630 Lake St, Hanover Park, IL 60133
      View Details
    • $550,000
      0.66 Acres

      Hanover Park Commercial Land

      Prime land with existing car wash, redevelopment potential.
      2630 Lake St W, Hanover Park, IL 60133
      View Details
    • $249,900
      1,100 SF

      Charming Bartlett Home with Upgrades

      Customized 3-bedroom home near downtown and Metra station.
      178 Stephanie Ct, Bartlett, IL 60103
      View Details
    • $530,000
      5 SF

      Streamwood Warehouse with Freezer

      5,577 SF industrial condo with freezer for sale.
      107 Sangra Ct, Streamwood, IL 60107
      View Details
    • $337,900

      Upgraded End Unit Home

      Move-in ready home with modern upgrades and flexible living space.
      1630 Dogwood Ln, Hanover Park, IL 60133
      View Details
    • $420,000
      0.12 Acres

      Mixed-Use Commercial Building Near Metra

      Historic mixed-use building in downtown Bartlett, ideal for owner-users.
      111 W Railroad Ave, Bartlett, IL 60103
      View Details
    • $420,000
      0.12 Acres

      Mixed-Use Commercial Building Near Metra

      Historic mixed-use building in downtown Bartlett, ideal for investors.
      111 W Railroad Ave NW, Bartlett, IL 60103
      View Details
    • $989,500
      6,600 SF

      Hanover Park Medical/Office Building

      6,600 SF building with move-in ready dental space.
      2071 Irving Park Rd, Hanover Park, IL 60133
      View Details
    • $99,900
      0.02 Acres

      Turn-Key Restaurant in Hanover Park

      Fully equipped seafood restaurant with liquor license on Barrington Road.
      6602 N Barrington Rd, Hanover Park, IL 60133
      View Details
    • $675,000
      6,140 SF

      Bartlett Office Building - $675K

      Multi-tenant office, 6,140 SF, 100% occupied.
      301 Railroad Ave, Bartlett, IL 60103
      View Details
    • $2,750,000

      Streamwood Two-Story Commercial Building

      Two-story building with commercial kitchen on 2.37 acres.
      1300 E Irving Park Rd, Streamwood, IL 60107
      View Details

    Nearby Similar for Sale

    • $2,750,000

      Streamwood Two-Story Commercial Building

      Two-story building with commercial kitchen on 2.37 acres.
      1300 E Irving Park Rd, Streamwood, IL 60107
      View Details
    • $530,000
      5 SF

      Streamwood Warehouse with Freezer

      5,577 SF industrial condo with freezer for sale.
      107 Sangra Ct, Streamwood, IL 60107
      View Details
    • Contact for pricing
      4,829 SF

      Streamwood Retail Property For Sale

      Retail property in Streamwood, Illinois, with 4,829 square feet building.
      151 E Irving Park Rd, Streamwood, IL 60107
      View Details
    • Contact for pricing
      2,640 SF

      Retail Space on Busy Corner

      Retail property at a highly visible, busy intersection.
      1 S Sutton Rd, Streamwood, IL 60107
      View Details
    • $700,000
      2,700 SF

      Streamwood Retail Corner Property

      High-traffic corner lot, excellent visibility.
      1000 Bartlett Rd, Streamwood, IL 60107
      View Details

    FAQs

    Where is this individual retail property located?
    The property is located at 701 Lake St Streamwood, IL.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: 32,670 SF site.; I-2 General Industrial PUD zoning.; On-site utilities.
    Request Owner's contact information
    701 Lake St Streamwood, IL 60107
    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.
    701 Lake St
    Streamwood, IL 60107
    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
    701 Lake St Streamwood, IL 60107
    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

    We can help!
    Listing Contact
    Albert Lindeman
    Albert Lindeman
    Real Estate License ID: IL 471015537
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.