Shopping Center with Updated
For Sale
$4,700,000
10414 Vine Street, Huntley, IL 60142
Shopping center with a September 2022 roof replacement, new air-conditioning units, and established long-term tenancy.
Property Size47,749 SF
Price / SF$252.36
Days on Market178
Property Features for 10414 Vine Street
General Information
Standard status
Active
Size
47,749 SF
Property subtype
Commercial
Zoning
COMMR
Taxes and HOA fees
Annual Taxes
$75,160
Building Details
Building Size
47,749 SF
Year Built
1971
Stories
1
Units
12
Listing Agency:
RE/MAX Plaza
(815) 385-6770
Listed By:
John Daly · License #471019597
(815) 385-6770
Source:
Cavanaghrealty
Added: Feb 20
Changed: Aug 17
Last Checked: Aug 17 at 6:27AM
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 RE/MAX Plaza
Investment Insights
Based on property information with market context.
This shopping center at 10414 Vine Street was built in 1971 and has received significant recent building-system work. A new roof was installed in September 2022, and new air-conditioning units were added. The property is occupied by long-term tenants and includes space available for rent.
The center is situated off Route 47 in Huntley, Illinois, providing access to a recognized regional roadway. Zoning is designated COMMR, supporting the property’s commercial classification.
The center is situated off Route 47 in Huntley, Illinois, providing access to a recognized regional roadway. Zoning is designated COMMR, supporting the property’s commercial classification.
Key Highlights
- New roof installed in September 2022
- New a/c units added
- Long‑term tenants in place
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$179,712
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,594,240
$3.6M
Cap Rate 7%
$2,567,314
$2.6M
Cap Rate 9%
$1,996,800
$2.0M
Market Conditions
NOI Build-Up for 18,624 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$279.4K $15.00/SF
− Vacancy
−$22.6K −$1.22/SF
EGI
$256.7K $13.79/SF
− OpEx
−$77.0K −$4.14/SF
NOI
$179.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,594,240
Cap Rate 7%
$2,567,314
Cap Rate 9%
$1,996,800
Alternative Uses
Best Use
Retail
$2.57M
$2.25M – $3.00M
NOI $179,712 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.43M
$5.63M – $7.50M
NOI $450,101 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60142, IL
29,831
Population
13,194
Households
2.3
Avg Household Size
48
Median Age
39%
College-Educated
96%
High-School Grad
38.9 sq mi
ZIP Area
767
Density / Sq Mi
$87,286
Median Household Income
$55,366
Median Earnings
$1,377
Median Rent
$324,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Shopping center with a September 2022 roof replacement, new air-conditioning units, and established long-term tenancy.
Where is this shopping center located?
The property is located at 10414 Vine Street Huntley, IL.
What is the asking price?
The asking price for this property is $4,700,000.
What are key features of this property?
This property features: New roof installed in September 2022; New a/c units added; Long‑term tenants in place
