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    200 Gary Ave, Unit 4 Bloomingdale, IL 60108-2212
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    Property profile & analytics

    200 Gary Ave, Unit 4, Bloomingdale, IL 60108-2212

    View on Map
    • Turn key restaurants
    • 11,195 SF
    • 3.77 lot acres
    Off-Market
    Last Sale Apr 13, 2023
    $4,261,500
    Property ID
    US28-0480076
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $4,050,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 200 Gary Ave

    Year built
    2024
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.77 lot acres
    Zone code
    C
    Property type
    Turn key restaurants
    APN
    02-17-306-005
    APU
    217306005

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 13, 2023 $4,261,500 Fcpt Holdings LLC Dlm Family L L C Special Warranty Deed —
    Jan 17, 2023 — Dlm Family LLC — Deed · related $7.3M · Lakeside Bank
    Dec 21, 2020 — Dlm Family LLC — Deed · related —
    Apr 6, 2020 — Dlm Family LLC — Deed · related —
    Jan 29, 2019 $2,200,000 Dlm Family LLC Chicogo Title Land Trust Co Deed $1.3M · Lakeside Bank
    Apr 19, 2001 $4,200,000 Gary Camden LLC Uptown National Bank Trustee Grant Deed —
    — — Trust 01-103 — Deed Of Trust · related $500k · Bridgeview Bank Group
    — — Chicago Title Land 01-103 Trust — Deed Of Trust · related $1.8M · Northbrook Bank & Trust Co
    — — Dlm Family LLC — Loan Modification · related —
    — — Dlm Family LLC — Loan Modification · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,785,000
      ML approach
      $3,890,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $3,480,000
      Current use
      COMMERCIAL (GENERAL)
      $6,705,000
      Change: +93% Conversion: Easy
      AUTO REPAIR, GARAGE
      $3,960,000
      Change: +14% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bloomingdale
    County
    Dupage
    State
    Illinois
    Longitude
    -88.1214
    Latitude
    41.9461
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $36,234
    $378,460
    $32,989
    $411,449
    -
    $1,135,380
    $98,967
    $1,234,347

    Comparable in this City

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      62 Stratford Dr

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    • Value Estimation
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      2,712 SF

      334 Army Trl Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      334 Army Trl Rd, Bloomingdale, IL 60108-2681
      View Details
    • Value Estimation
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      4,137 SF

      455 Schick Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
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    • Value Estimation by Request
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      355 Army Trl Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      355 Army Trl Rd, Bloomingdale, IL 60108-1385
      View Details
    • Value Estimation
      $505,000
      5,004 SF

      354 Army Trl Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      354 Army Trl Rd, Bloomingdale, IL 60108-2683
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      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
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    • $349,000
      2.30 Acres

      Bloomingdale Land Near Gary Avenue

      2.3 acre commercial land near Stratford Square Mall.
      Gary Ave, 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
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    • Contact for pricing

      High-Visibility Commercial Land Opportunity

      1.25-acre commercial site on heavily-trafficked Lake Street.
      119 W Lake St, 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

    Similar Nearby for Lease

    • Contact for pricing
      39,983 SF

      Retail Space in Bloomingdale Center

      Retail space available in a bustling, grocery-anchored shopping center.
      134-166 E Lake St, 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

      Auto Care Center Retail Space

      Multi-tenant auto care center near Stratford Regional Mall.
      250-349 Gary Ave, Bloomingdale, IL 60108
      View Details
    • Contact for pricing

      Bloomingdale Auto Care Center Lease

      Auto care center for lease in Stratford Square marketplace.
      250 S Gary Ave, Bloomingdale, IL 60108
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      1,500 SF retail space available for rent.
      440 W Army Trail Rd, Bloomingdale, IL 60108
      View Details
    • Contact for pricing

      Retail Space in Bloomingdale Square

      Prime retail location with high visibility and ample parking.
      394 West Army Trail Rd, Bloomingdale, IL 60108
      View Details
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    Bloomingdale, IL 60108-2212
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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.

    More about this property
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