Versatile Lindenhurst Property with
For Sale
Contact for pricing
625 Bridgeport Terrace, Lindenhurst, IL 60046
Mixed-use property with retail space, warehouse, and redevelopment potential.
Property Size9,128 SF
Price / SF$166.52
Days on Market670
Property Features for 625 Bridgeport Terrace
General Information
Standard status
Active
Size
9,128 SF
Class
B
Total Parking Spaces
36
Property subtype
Retail, Office, Hospitality, Mixed Use
Zoning
NB
Building Details
Year Built
2006
Stories
1
Units
36
Listing Agency:
COMPASS
(847) 306-6158
Listed By:
Shamar Brossard · License #IL475184772
Source:
Crexi
Added: Oct 22, 2024
Changed: Aug 15
Last Checked: Aug 21 at 4:19PM
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 COMPASS
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 = 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
$125,860
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
8.28%
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%
$2,517,200
$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
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
$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 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%
$2,517,200
Cap Rate 7%
$1,798,000
Cap Rate 9%
$1,398,444
Alternative Uses
Best Use
Office B
$1.80M
$1.57M – $2.10M
NOI $125,860 @ 7.0% cap · market cap 8.28%
Second Best
Mixed Use
$1.35M
$1.18M – $1.57M
NOI $94,475 @ 7.0% cap · market cap 6.22%
Theoretical Best
Office A
$3.15M
$2.76M – $3.68M
NOI $220,604 @ 7.0% cap · market cap 14.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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.
