112 Lake StBloomingdale, IL 60108

For Sale
$4,880,000

10-Tenant Shopping Center, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
94
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.

Highlights

  • Stabilized multi-tenant retail investment: 24,955 SF, 100% occupied, minimal landlord responsibilities.
  • Significant rental upside: Mark-to-market opportunities for substantial rental growth.
  • Excellent Bloomingdale, IL location: Strong retail market in tax-advantaged DuPage County.
  • High-traffic visibility: Situated on Lake St. (42,844 VPD), near I-355 (142,534 VPD).
  • Strong demographics: Densely populated area (82,358 residents within 3 miles), high average household income ($123,300+).
  • Excellent co-tenancy: Adjacent to national retailers (Sam's Club, Walmart, Home Depot, etc.).

Property Details for 112 Lake St

Property type
Lifestyle centers, Power centers
Square Feet
24,955 SF
Year Built
1978
Buildings
1
Lot Size (sq. ft)
107,593 SF
Units
10

Location Insight

City
Bloomingdale
County
DuPage
State
Illinois
Latitude
41.958474965671
Longitude
-88.071830587535
112 Lake St, Bloomingdale, Illinois

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112 Lake St
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