Storefront Property with
For Sale
$1,000,000
10709 N Main Street, Richmond, IL 60071
An existing storefront lease runs through October 2030, and the property is offered only with the neighboring storage asset.
Property Size8,258 SF
Price / SF$121.09
Days on Market268
Property Features for 10709 N Main Street
General Information
Standard status
Active
Size
8,258 SF
Property subtype
Commercial
Zoning
INDUS
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$9,015
Amenities
handicapped-accessible bathrooms
large on-site parking lot
expansive open garage space
middle office
back-office area
private upstairs office
Building Details
Building Size
8,258 SF
Year Built
1960
Stories
1
Units
4
Listing Agency:
Platinum Partners Realtors
Listed By:
Sabrina Glover · License #475168174
(630) 435-3500
Source:
Fishmangroup
Added: Feb 5
Changed: Oct 28
Last Checked: Oct 29 at 9:29PM
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 Platinum Partners Realtors
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Investment Insights
Based on property information with market context.
This 8,258-square-foot storefront property in Richmond includes a customer-facing retail area, an open garage with high ceilings, and a large on-site parking lot. Office space is arranged in the middle and rear of the building, with an additional private office upstairs. Four bathrooms are accessible to people with disabilities. The property was built in 1960 and is zoned INDUS.
A storefront business occupies the property under a signed five-year lease ending in October 2030. The current owners use the rear office in connection with the adjacent ABC Storage business. The storefront is being sold only as part of a package with that neighboring property; it is not offered separately.
A storefront business occupies the property under a signed five-year lease ending in October 2030. The current owners use the rear office in connection with the adjacent ABC Storage business. The storefront is being sold only as part of a package with that neighboring property; it is not offered separately.
Key Highlights
- 8,258‑square‑foot storefront property
- Signed five‑year lease ends in October 2030
- Open garage with high ceilings and a large on‑site parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,686
Cap Rate
7.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,593,720
$1.6M
Cap Rate 7%
$1,138,371
$1.1M
Cap Rate 9%
$885,400
$885.4K
Market Conditions
NOI Build-Up for 8,258 SF
Gross rent
$123.9K $15.00/SF
− Vacancy
−$10.0K −$1.22/SF
EGI
$113.8K $13.79/SF
− OpEx
−$34.2K −$4.14/SF
NOI
$79.7K $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 Rate 5%
$1,593,720
Cap Rate 7%
$1,138,371
Cap Rate 9%
$885,400
Alternative Uses
Best Use
Retail
$1.14M
$996.1K – $1.33M
NOI $79,686 @ 7.0% cap · market cap 7.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.85M
$2.49M – $3.33M
NOI $199,578 @ 7.0% cap · market cap 19.96%
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
Location Intelligence
Trade Area within ½ mile
202
Businesses Nearby
47k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 79%
Shops & Services 12%
Home Improvements & Furnishings 8%
Hotels & Casinos 1%
McDonald's
Dining
24,075 visits/mo
0.2 miles
Taco Bell
Dining
9,372 visits/mo
0.1 miles
Dollar General
Shops & Services
5,167 visits/mo
0.1 miles
Jc Licht Ace Richmond
Home Improvements & Furnishings
3,501 visits/mo
0.1 miles
SUBWAY
Dining
2,147 visits/mo
0.2 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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - An existing storefront lease runs through October 2030, and the property is offered only with the neighboring storage asset.
Where is this storefront property located?
The property is located at 10709 N Main Street Richmond, IL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 8,258‑square‑foot storefront property; Signed five‑year lease ends in October 2030; Open garage with high ceilings and a large on‑site parking lot
