Open-Plan Storefront
10400 Main Street, Richmond, IL 60071
For Sale
$950,000
Commercial Sale, Richmond, IL
Property Size7,821 SF
Lot Size0.65 Acres
Price / SF$121.47
Days on Market99
Property Features for 10400 Main Street
General Information
Property type
Property subtype
Zoning
Directions
Subdivision
Standard status
APN
Lot size
Additional Details
Corner Location
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Cooling system
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
RE/MAX Plaza · RE/MAX International
Listed By:
Elise Livingston · License IL #471008028
(815) 385-6770
Added: Aug 4
Changed: Oct 23
Last Checked: Nov 10 at 5:06AM
MLS# 12723883
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 7,821-square-foot storefront property occupies a 0.65-acre site and features an open interior suited to the retail, food, and beverage uses identified for the building. Originally built in 1924, the structure has brick and block construction, tile and concrete flooring, a membrane roof, window-unit cooling, and water available at the property. Zoning is designated COMMR.
The building stands at the corner of Main Street and Mill Street in Richmond, with Main Street carrying US Route 12. The property overlooks Nippersink Creek, while the reported IDOT daily traffic count is 13,200. Its corner placement and open floor area provide a straightforward format for commercial occupancy.
The building stands at the corner of Main Street and Mill Street in Richmond, with Main Street carrying US Route 12. The property overlooks Nippersink Creek, while the reported IDOT daily traffic count is 13,200. Its corner placement and open floor area provide a straightforward format for commercial occupancy.
Key Highlights
- 7,821‑square‑foot open interior storefront building
- 0.65‑acre corner site at Main Street and Mill Street
- Main Street carries US Route 12; IDOT daily traffic count is 13,200
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,469
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,509,380
$1.5M
Cap Rate 7%
$1,078,129
$1.1M
Cap Rate 9%
$838,544
$838.5K
Market Conditions
NOI Build-Up for 7,821 SF
Gross rent
$117.3K $15.00/SF
− Vacancy
−$9.5K −$1.22/SF
EGI
$107.8K $13.79/SF
− OpEx
−$32.3K −$4.14/SF
NOI
$75.5K $9.65/SF
Area
McHenry County, IL
Vacancy
8.10%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,509,380
Cap Rate 7%
$1,078,129
Cap Rate 9%
$838,544
Alternative Uses
Best Use
Retail
$1.08M
$943.4K – $1.26M
NOI $75,469 @ 7.0% cap · market cap 7.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.13M
$1.87M – $2.49M
NOI $149,283 @ 7.0% cap · market cap 15.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
13,200 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
231
Businesses Nearby
41k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 90%
Shops & Services 10%
McDonald's
Dining
24,075 visits/mo
0.3 miles
Taco Bell
Dining
9,372 visits/mo
0.4 miles
BP
Shops & Services
3,903 visits/mo
0.4 miles
SUBWAY
Dining
2,147 visits/mo
0.3 miles
Papa Saverio's Pizzeria
Dining
1,376 visits/mo
0.3 miles
Demographics for 60071, IL
3,891
Population
2,161
Households
1.8
Avg Household Size
44
Median Age
28%
College-Educated
97%
High-School Grad
24.8 sq mi
ZIP Area
157
Density / Sq Mi
$77,593
Median Household Income
$43,164
Median Earnings
$1,189
Median Rent
$289,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Storefront properties in McHenry County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - Open interior layout is identified for retail, food, and beverage use.
Where is this storefront property located?
The property is located at 10400 Main Street Richmond, IL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 7,821‑square‑foot open interior storefront building; 0.65‑acre corner site at Main Street and Mill Street; Main Street carries US Route 12; IDOT daily traffic count is 13,200
