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    102 Broadview Village Sq Broadview, IL 60155

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    102 Broadview Village Sq Broadview, IL 60155

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    • Neighborhood centers
    • 679,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cosmoprof / (Bike/Boat/Book/etc) Store / Cosmetic Store

    Property Details for 102 Broadview Village Sq

    Property size
    679,000 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    Broadview Village Square, located at 102 Broadview Village Square, Broadview, IL 60155, presents a prime retail opportunity. This single-story strip center boasts a total of 679,000 square feet, offering exceptional visibility and accessibility at the intersection of Cermak and 17th. Currently, there are 29,975 square feet of vacant space available, divisible into units ranging from a minimum of 1,007 square feet to a maximum contiguous space of 6,160 square feet. The property's multiple tenancy structure provides flexibility for businesses of various sizes. Its strategic location in Broadview, Illinois, ensures high foot traffic and exposure to a substantial customer base. This is an ideal location for retailers seeking a prominent presence in a thriving community. The property is easily accessible and offers ample parking for customers and employees. Interested parties are encouraged to inquire about available space and lease terms. The property is classified as a retail strip center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Broadview
    County
    Cook
    State
    Illinois
    Longitude
    -87.8506
    Latitude
    41.8519

    Comparable in this City

    • Value Estimation by Request
      6,000 SF

      17th 19Th St

      Restaurants • 6,000 SF
      17th 19Th St, Broadview, IL 60155
      View Details
    • Value Estimation by Request
      8,036 SF

      2812 17Th Ave

      Individual retail properties • 8,036 SF
      2812 17Th Ave, Broadview, IL 60155
      View Details
    • Value Estimation by Request
      4,700 SF

      1421-1427 Roosevelt Rd

      Individual retail properties • 4,700 SF
      1421-1427 Roosevelt Rd, Broadview, IL 60155
      View Details
    • Value Estimation by Request

      2810 13th Ave

      MINI-MALL
      2810 13th Ave, Broadview, IL 60155
      View Details
    • Value Estimation by Request
      1.24 Acres

      200 Broadview Vlg Sq

      MINI-MALL • 1.24 Acres
      200 Broadview Vlg Sq, Broadview, IL 60155-4878
      View Details
    • Value Estimation by Request
      5.94 Acres

      700 Broadview Vlg Sq

      MINI-MALL • 5.94 Acres
      700 Broadview Vlg Sq, Broadview, IL 60155-4886
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,006 SF

      Retail Space in Broadview Village

      Retail space with high visibility and strong demographics.
      102-700 Broadview Village Sq, Broadview, IL 60155
      View Details
    • $2,950,000
      12,000 SF

      Established Restaurant and Banquet Facility

      Long-standing restaurant and banquet facility with apartments for sale.
      9200 Cermak Rd, Broadview, IL 60155
      View Details
    • Contact for pricing
      1 SF

      Broadview Commercial Outlot For Sale

      1.26 acre commercial outlot in Broadview Village Square.
      800 Broadview Village Sq, Broadview, IL 60155
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space Available For Sale

      Retail space available for sale in Broadview, IL.
      17th 19Th St, Broadview, IL 60155
      View Details
    • $399,000
      0.07 Acres

      Automotive Facility with Equipment Included

      Ready-to-go automotive facility in a prime, high-visibility location.
      1825 S 17Th Ave, Broadview, IL 60155
      View Details
    • $300,000
      3,500 SF

      Medical Office Building For Sale

      Updated medical office building in a high-traffic location.
      2201 W Roosevelt Rd, Broadview, IL 60155
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      23,282 SF

      Prime Retail Space Available

      High-visibility retail space in a well-established shopping center.
      900-1000 Broadview Village Sq, Maywood, IL 60155
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    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Broadview Village Square.
      102 Broadview Village Sq, Broadview, IL 60155
      View Details
    • Contact for pricing
      5,686 SF

      Retail Space with High Visibility

      Retail space offering easy access and strong demographics.
      4000 S 17Th Ave, Broadview, IL 60155
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    • Contact for pricing
      1,452 SF

      Retail Endcap Unit Available

      Retail space available in Broadview, Illinois, with high visibility.
      4842 S 17Th Ave, Broadview, IL 60155
      View Details
    • Contact for pricing

      Warehouse Spaces Near Highways

      Small warehouse spaces with convenient highway access available for rent.
      2020 Parkes Dr, Broadview, IL 60155
      View Details
    • Contact for pricing

      Freestanding Facility with Outdoor Storage

      37,254 SF facility with fenced storage and convenient access.
      2400 S 27Th Ave, Broadview, IL 60155
      View Details
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    Broadview, IL 60155
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    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.

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    102 Broadview Village Sq, Broadview, IL, 60155

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