Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    308 Glen Ellyn Rd Bloomingdale, IL 60108

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    308 Glen Ellyn Rd Bloomingdale, IL 60108

    View on Map
    • Shopping malls
    • 4,500 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Shopping malls

    Property Details for 308 Glen Ellyn Rd

    Property size
    4,500 SF
    Property type
    Shopping malls
    Property subtype
    Lifestyle centers

    Description

    This exceptional 900-square-foot end cap retail or office space presents a remarkable opportunity in Bloomingdale, Illinois. Located at 308 Glen Ellyn Rd, this property boasts high visibility and accessibility due to its prime corner location at the intersection of Glen Ellyn Road and Edgewater Drive in DuPage County. The space is part of a larger 4,500-square-foot single-story building, offering ample parking and multiple easy ingress/egress points. Benefit from outstanding frontage and excellent visibility, attracting significant daytime traffic and benefiting from a dense residential neighborhood. The property features ample power and is immediately available for occupancy. Its proximity to I-355 Expressway provides convenient access for commuters and customers. This location is ideal for a retailer, office user, or medical practice seeking high exposure and brand recognition. The space offers a strong rental rate and is ready for immediate occupancy. The property is zoned for retail and office use.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bloomingdale
    County
    Dupage
    State
    Illinois
    Longitude
    -88.0639
    Latitude
    41.9409

    Comparable in this City

    • Value Estimation by Request
      50,000 SF

      340 Army Trail Rd

      Lifestyle centers • 50,000 SF
      340 Army Trail Rd, Bloomingdale, IL 60108
      View Details
    • Value Estimation by Request

      369 Army Trail Rd

      Neighborhood centers
      369 Army Trail Rd, Bloomingdale, IL 60108
      View Details
    • Value Estimation
      $9,350,000
      24,948 SF

      440 Army Trl Rd, Unit 50

      SHOPPING CENTER, STRIP CENTER • 24,948 SF
      440 Army Trl Rd, Bloomingdale, IL 60108-1379
      View Details
    • Value Estimation
      $10,145,000
      75,558 SF

      396 Army Trl Rd

      SHOPPING CENTER, STRIP CENTER • 75,558 SF
      396 Army Trl Rd, Bloomingdale, IL 60108-2305
      View Details
    • Value Estimation
      $20,580,000
      156,493 SF

      370 Army Trl Rd

      MINI-MALL • 156,493 SF
      370 Army Trl Rd, Bloomingdale, IL 60108-2359
      View Details
    • Value Estimation by Request
      2.21 Acres

      Lake St

      Land • 6,400 SF
      0 Lake St, Roselle, IL 60108
      View Details

    Similar Nearby for Sale

    • $2,394,000
      3,047 SF

      Freestanding Popeyes Restaurant Investment Opportunity

      NNN leased Popeyes with drive-thru in Chicago MSA.
      405 W Army Trail Rd, Bloomingdale, IL 60108
      View Details
    • Contact for pricing
      7,647 SF

      Bloomingdale Office Building For Sale

      Office building with high occupancy and value-add potential.
      473 Army Trail Rd, Bloomingdale, IL 60108
      View Details
    • Contact for pricing

      NWC Gary Ave & Lawrence Ave, Bloomingdale, IL 60108

      Land
      Nwc Gary Ave & Lawrence Ave, Bloomingdale, IL 60108
      View Details
    • $2,500,000
      4 SF

      Land Near Lake Street

      Land with easy access to I-355 and local amenities.
      321 Edgewater Dr, Bloomingdale, IL 60108
      View Details
    • $379,000
      0.37 Acres

      Bloomingdale Cul-de-Sac Lot

      Residential lot in established subdivision, convenient location.
      308 Felicia Ct, Bloomingdale, IL 60108
      View Details
    • New
      $179,896
      0.32 Acres

      Buildable Lot in Downtown Bloomingdale

      Rare opportunity to build in an established Bloomingdale area.
      115 S 1St St, Bloomingdale, IL 60108
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,178 SF

      Retail Space on Lake Street

      Retail space available in Oakfield Center on Lake Street.
      125 E Lake St, Bartlett, IL 60108
      View Details
    • Contact for pricing
      3,000 SF

      Bloomingdale Retail Space For Rent

      Retail space available in a premier power center in Bloomingdale.
      318-328 W Army Trail Rd, Bloomingdale, IL 60108
      View Details
    • Contact for pricing
      3,000 SF

      Bloomingdale Retail Space For Rent

      Retail space available in premier power center in Bloomingdale, IL.
      300 W Army Trail Rd, Bloomingdale, IL 60108
      View Details
    • Contact for pricing
      1,500 SF

      Bloomingdale Retail Space For Lease

      Retail spaces available in Town Square of Bloomingdale.
      152-166 S Bloomingdale Rd, Bloomingdale, IL 60108
      View Details
    • Contact for pricing
      6,470 SF

      Former Restaurant Space on Army Trail

      Restaurant/Retail space with high traffic and multiple access points.
      391 W Army Trail Rd, Bloomingdale, IL 60108
      View Details
    • Contact for pricing
      4,200 SF

      Retail Space in Bloomingdale Center

      Retail opportunities available in a busy Bloomingdale shopping center.
      156 S Gary Ave, Bloomingdale, IL 60108
      View Details
    Request Owner's contact information
    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.
    308 Glen Ellyn Rd
    Bloomingdale, IL 60108
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!