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

    1300-1326 Lake St Roselle, IL 60172

    • Neighborhood centers
    • 15,639 SF
    For Lease
    View listing
    $18 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 1300-1326 Lake St

    Property size
    15,639 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties

    Description

    Lake View Plaza, a vibrant strip center in DuPage County's desirable Dupage submarket, presents a compelling opportunity for retail and restaurant businesses. This 15,639 square foot center boasts a strong tenant mix, anchored by Wing Stop, Sonny's Italian Kitchen, and Bill Cho's Utkd, ensuring high foot traffic and visibility. Four spaces are currently available, ranging from a minimum of 1,200 square feet to a maximum contiguous space of 3,420 square feet, with a total of 6,675 square feet currently vacant. The property offers excellent access, featuring convenient right-in/right-out access from Lake Street and full access via a signaled intersection at Bryn Mawr, maximizing exposure and ease of access for customers. Ample parking is available, catering to the needs of both tenants and patrons. The property's ideal location and configuration make it suitable for a variety of uses, including retail, restaurant, and medical practices. There's even the potential for an endcap space with drive-thru capabilities or a large patio area, offering unique opportunities for expansion and customization. This prominent location, with its blend of national and local businesses, presents a rare chance to establish a presence in a thriving commercial hub. The hard-signaled intersection ensures high visibility and convenient access for customers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Roselle
    County
    Dupage
    State
    Illinois
    Longitude
    -88.1129
    Latitude
    41.9696

    Comparable in this City

    • Value Estimation
      $725,000
      7,042 SF

      201 Irving Park Rd

      SHOPPING CENTER, STRIP CENTER • 7,042 SF
      201 Irving Park Rd, Roselle, IL 60172-2004
      View Details
    • Value Estimation
      $480,000
      17,864 SF

      340 Irving Park Rd, Unit 2

      SHOPPING CENTER, STRIP CENTER • 17,864 SF
      340 Irving Park Rd, Roselle, IL 60172-2007
      View Details
    • Value Estimation
      $630,000
      27,317 SF

      340 Irving Park Rd, Unit 2

      SHOPPING CENTER, STRIP CENTER • 27,317 SF
      340 Irving Park Rd, Roselle, IL 60172-2007
      View Details
    • Value Estimation
      $325,000
      9,192 SF

      215 Irving Park Rd, Unit 19

      SHOPPING CENTER, STRIP CENTER • 9,192 SF
      215 Irving Park Rd, Roselle, IL 60172-2004
      View Details
    • Value Estimation
      $690,000
      37,040 SF

      610 Irving Park Rd

      SHOPPING CENTER, STRIP CENTER • 37,040 SF
      610 Irving Park Rd, Roselle, IL 60172-2303
      View Details
    • Value Estimation
      $480,000
      13,799 SF

      601 Irving Park Rd

      SHOPPING CENTER, STRIP CENTER • 13,799 SF
      601 Irving Park Rd, Roselle, IL 60172-2361
      View Details

    Similar Nearby for Sale

    • $1,390,000
      0.20 Acres

      Roselle Commercial Building For Sale

      Well-maintained 5,300+ SF building in Roselle, Illinois.
      225 E Irving Park Rd, Roselle, IL 60172
      View Details
    • $3,025,000
      20,655 SF

      Roselle Auto Shop Investment Opportunity

      High-NOI, Fully Leased Auto Center
      1046 Lake St, Roselle, IL 60172
      View Details
    • $294,900

      Meticulously Maintained Townhome with Updates

      Two-story townhome featuring updated kitchen and baths, maintenance-free yard.
      1352 Oxford Cir, Roselle, IL 60172
      View Details
    • $295,000
      1.10 Acres

      Residential Lot in DuPage County

      Expansive 1.1-acre residential lot in unincorporated DuPage County.
      6N160 Garden Ave, Roselle, IL 60172
      View Details
    • $335,000

      Downtown Roselle Luxury Condo

      Luxury condo in downtown Roselle near Metra and amenities.
      225 Main St, Roselle, IL 60172
      View Details
    • $795,000
      3.85 Acres

      Residential Development Land Opportunity

      3.85-acre parcel for residential development in Roselle, Illinois.
      24W459 Lawrence Ave, Roselle, IL 60172
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      15,639 SF

      Lake View Plaza Retail Center

      DuPage County retail space, 4 units available
      1300-1326 Lake St, Roselle, IL 60172
      View Details
    • $12 SF/Yr
      3,750 SF

      Roselle Office Space Available

      Prime Roselle office suites, flexible space.
      100 Irving Park Rd, Roselle, IL 60172
      View Details
    • Contact for pricing
      130,244 SF

      Roselle Retail Space For Lease

      Retail space available in the heart of Roselle, Illinois.
      731 E Nerge Rd, Roselle, IL 60172
      View Details
    • $16 SF/Yr
      1,242 SF

      Roselle Retail Space Available

      Retail space available for lease in Roselle, Illinois.
      620-692 W Lake St, Roselle, IL 60172
      View Details
    • $23 SF/Yr
      1,050 SF

      Roselle Retail Space For Rent

      Retail space in Roselle with ample parking.
      472-478 Lake St, Roselle, IL 60172
      View Details
    • New
      Contact for pricing

      Roselle Commercial Space Available

      Store front and office space available for rent in Roselle.
      463 N Roselle Rd, Roselle, IL 60172
      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.
    1300-1326 Lake St
    Roselle, IL 60172
    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.
    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.