112 Lk St Bloomingdale, IL 60108-1127
- Commercial land
- 0.61 lot acres
Current Use by Public Records
- Commercial land
Property Details for 112 Lk St
- Lot size
- 0.61 lot acres
- Zone code
- C
- Property type
- Commercial land
- APN
- 02-15-207-004
- APU
- 215207004
Description
This exceptional 24,955-square-foot multi-tenant shopping center in Bloomingdale, Illinois presents a stabilized investment opportunity with a strong 8.75% cap rate and a substantial net operating income (NOI) of $428,569. Currently 100% occupied by a diverse mix of ten tenants, including a discount nutrition store, advocacy group, kitchen and bath showroom, and sports bar, this property offers minimal landlord responsibilities. The center boasts a prime location on East Lake Street, a high-traffic corridor with over 42,844 vehicles per day, and is conveniently situated 1.9 miles from Interstate-355 (142,534 VPD), ensuring exceptional visibility and accessibility. Built in 1978 on a 2.47-acre lot, the property includes 110 parking spaces. The strong demographics of the area, with over 82,358 residents within a three-mile radius and an average household income exceeding $123,300, further enhance its investment appeal. This location benefits from excellent co-tenancy with national retailers such as Sam's Club, Walmart, Home Depot, and more. The asking price is $4,880,000, translating to a price per square foot of $195.55. Significant upside potential exists through mark-to-market rent increases as leases expire. This is a rare opportunity to acquire a well-positioned, high-performing retail asset in a thriving market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bloomingdale
- County
- Dupage
- State
- Illinois
- Longitude
- -88.0714
- Latitude
- 41.9586
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
