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    Corner End-Cap Retail Suite Title is generated by Realmo AI

    1041 W Reynolds St, Pontiac, IL 61764

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    High-visibility corner end-cap in a neighborhood retail strip center with ample parking, suited for multiple service uses.

    Type:Retail, Special Purpose
    Property size:
    1,300 SF
    Added:
    May 31, 2026
    Days on Market:
    9
    Last Refresh:
    Jun 6 at 3:10 am

    Property Features for 1041 W Reynolds St

    General Information

    Standard status
    Active
    Size
    1,300 SF
    Property subtype
    Retail, Special Purpose

    Spaces For Lease

    at 1041 W Reynolds St Contact us

    We can help!

    Listing Contact
    Moti Gab

    Listing agent Moti Gab License #GABO

    Listing office Egal Enterprises

    Listing date May 31, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Egal Enterprises

    HighLights

    • 1,300 SF corner end‑cap suite available starting October 1, 2026 at 1041 W. Reynolds Street, Pontiac, IL
    • Former Great Clips location in a well‑maintained 5,236 SF neighborhood strip center
    • High‑traffic exposure with approx. 16,457 vehicles per day on W. Reynolds Street
    • Ample parking and prominent signage opportunities on a corner location
    • Lease rate is $25.00 PSF Absolute NNN
    • Suitable for a range of uses including medical, dental, physical therapy, chiropractic, behavioral health, insurance, tax preparation, financial services, and specialty retail

    Overview

    A 1,300 SF corner end-cap retail suite is available for occupancy on October 1, 2026. The space is part of a well-maintained 5,236 SF neighborhood strip center and is configured for storefront-style access and visibility. This listing is positioned for strong marketing presence along the center’s frontage, with prominent signage opportunities discussed in the property materials.

    The suite’s corner placement provides high visibility and frontage exposure on W. Reynolds Street, with the offering noting approximately 16,457 vehicles per day. The center offers ample parking for customer access. The property is described as an established retail location in Pontiac’s commercial corridor, with proximity to Historic Route 66 and I-55 referenced in the remarks.

    Lease terms are quoted at $25.00 PSF absolute triple net (NNN). The owner lists a broad range of suitable uses, including medical and dental office, physical therapy, chiropractic, home health and behavioral health, insurance and financial services, tax preparation, professional office, specialty retail, and service-oriented businesses, as well as check cashing. For tenants seeking a prominent storefront configuration in an established neighborhood center, this corner end-cap presents a straightforward option with clearly identified access and visibility considerations.
    Location Intelligence

    Current Use by Public Records

    Smoke Zone (Bike/Boat/Book/etc) Store Jimmy John's Take-out & Catering T-Mobile Telecommunications Service Great Clips Hair Salon Potric Car Towings (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pontiac
    County
    Livingston
    State
    Illinois
    Longitude
    -88.640528
    Latitude
    40.873694

    FAQs

    What type of property is this?
    Retail space - High-visibility corner end-cap in a neighborhood retail strip center with ample parking, suited for multiple service uses.
    Where is this retail space located?
    The property is located at 1041 W Reynolds St Pontiac, IL.
    What are key features of this property?
    This property features: 1,300 SF corner end‑cap suite available starting October 1, 2026 at 1041 W. Reynolds Street, Pontiac, IL; Former Great Clips location in a well‑maintained 5,236 SF neighborhood strip center; High‑traffic exposure with approx. 16,457 vehicles per day on W. Reynolds Street
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Moti Gab
    Real Estate License ID: GABO
    Learn More
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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.

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