112 Lk St, Bloomingdale, IL 60108-1127

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.