Bank Building with
For Sale
Contact for pricing
9009 Ogden Ave, Brookfield, IL 60513
Long-term single-tenant bank site with drive-thru, renewed for a 10-year term through 2034.
Property Size18,063 SF
Price / SF$442.89
Days on Market248
Property Features for 9009 Ogden Ave
General Information
Standard status
Active
Size
18,063 SF
Property subtype
RETAIL
Additional Details
Cap Rate
5.7%
Corner Location
Yes
Listing Agency:
NAI Realvest | Orlando
(407) 949-0758
Listed By:
Paul P. Partyka · License #675481
Source:
Moodyscre
Added: Dec 3, 2025
Changed: Aug 8
Last Checked: Aug 8 at 8:35PM
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 NAI Realvest | Orlando
Investment Insights
Based on property information with market context.
This bank property is leased to a national credit tenant that has been in place since 1991. The tenant has an unusually long renewed lease term of 10 years, extending through 2034. Current-year performance is described with a 5.7% cap rate, growing to 6.7%. The lease includes a 2% annual increase on rent plus (2) 5-year renewal options that begin in 2035.
The tenant is described as a national credit institution, the 3rd largest bank holding company in the US with $2+ trillion in assets, and rated Moody’s Aa3 (stable). The site is an endcap-style double corner location, featuring a separate drive-thru parcel. The building is noted as a landmark design by a student of Frank Lloyd Wright, with excellent parking.
The property is within walking distance of the Metra Brookfield and Congress Park stations. The offering memorandum is available by contacting the broker.
The tenant is described as a national credit institution, the 3rd largest bank holding company in the US with $2+ trillion in assets, and rated Moody’s Aa3 (stable). The site is an endcap-style double corner location, featuring a separate drive-thru parcel. The building is noted as a landmark design by a student of Frank Lloyd Wright, with excellent parking.
The property is within walking distance of the Metra Brookfield and Congress Park stations. The offering memorandum is available by contacting the broker.
Key Highlights
- Tenant in place since 1991; renewed 10‑year lease term through 2034
- Current‑year cap rate 5.7% growing to 6.7%
- 2% annual rent increase plus (2) 5‑year renewal options starting in 2035
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
$302,375
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
3.78%
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%
$6,047,500
$6.0M
Cap Rate 7%
$4,319,643
$4.3M
Cap Rate 9%
$3,359,722
$3.4M
Market Conditions
NOI Build-Up for 18,063 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
$433.5K $24.00/SF
− Vacancy
−$30.3K −$1.68/SF
EGI
$403.2K $22.32/SF
− OpEx
−$100.8K −$5.58/SF
NOI
$302.4K $16.74/SF
Area
Cook County, IL
Vacancy
7.00%
Lease Rate
$24.00 /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%
$6,047,500
Cap Rate 7%
$4,319,643
Cap Rate 9%
$3,359,722
Alternative Uses
Best Use
Specialty Retail
$4.32M
$3.78M – $5.04M
NOI $302,375 @ 7.0% cap · market cap 3.78%
Second Best
Retail
$3.58M
$3.13M – $4.18M
NOI $250,717 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$6.24M
$5.46M – $7.28M
NOI $436,543 @ 7.0% cap · market cap 5.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
764
Businesses Nearby
11k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Mobil
Shops & Services
9,676 visits/mo
0.5 miles
REBEL Convenience Store
Shops & Services
1,051 visits/mo
0.5 miles
Demographics for 60513, IL
19,514
Population
8,025
Households
2.4
Avg Household Size
40
Median Age
42%
College-Educated
94%
High-School Grad
3.2 sq mi
ZIP Area
6,098
Density / Sq Mi
$108,527
Median Household Income
$63,410
Median Earnings
$1,334
Median Rent
$314,000
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 - Long-term single-tenant bank site with drive-thru, renewed for a 10-year term through 2034.
Where is this bank located?
The property is located at 9009 Ogden Ave Brookfield, IL.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: Tenant in place since 1991; renewed 10‑year lease term through 2034; Current‑year cap rate 5.7% growing to 6.7%; 2% annual rent increase plus (2) 5‑year renewal options starting in 2035
