Palatine Retail Space For
For Sale
$1,275,000
Pending
1131 East Dundee Road, Palatine, IL 60074
Retail space in Palatine, Illinois, available for purchase.
Property Size5,323 SF
Lot Size0.90 Acres
Days on Market195
Property Features for 1131 East Dundee Road
General Information
Standard status
Pending
Size
5,323 SF
Lot size
0.90 Acres
Property subtype
Retail
Listing Agency:
CBRE | Chicago
Listed By:
Peter Graham
(312) 861-7851
Source:
Cbre
Added: Mar 25
Changed: Sep 27
Last Checked: Oct 4 at 7:36AM
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 CBRE | Chicago
Investment Insights
Based on property information with market context.
The property features a basement with approximately 1,347 square feet and a ground floor with approximately 5,323 square feet. The land size is approximately 0.9 square feet. The PIN number is 02-12-101-041. The 2024 taxes, payable in 2025, are $96,281.
Key Highlights
- +\/-5,323 SF Ground Floor with +\/-1,347 SF Basement: Large building size.
- Substantial Land Size: +\/- 0.9 SF.
- Asking Price $1,275,000: High‑value property.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,884
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,477,680
$1.5M
Cap Rate 7%
$1,055,486
$1.1M
Cap Rate 9%
$820,933
$820.9K
Market Conditions
NOI Build-Up for 5,323 SF
Gross rent
$115.0K $21.60/SF
− Vacancy
−$9.4K −$1.77/SF
EGI
$105.5K $19.83/SF
− OpEx
−$31.7K −$5.95/SF
NOI
$73.9K $13.88/SF
Area
Cook County, IL
Vacancy
8.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,477,680
Cap Rate 7%
$1,055,486
Cap Rate 9%
$820,933
Alternative Uses
Best Use
Retail
$1.06M
$923.6K – $1.23M
NOI $73,884 @ 7.0% cap · market cap 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.84M
$1.61M – $2.14M
NOI $128,645 @ 7.0% cap · market cap 10.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
957
Businesses Nearby
433k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Shops & Services 22%
Superstores 19%
Home Improvements & Furnishings 10%
Walmart
Superstores
82,141 visits/mo
0.1 miles
The Home Depot
Home Improvements & Furnishings
42,789 visits/mo
0.3 miles
McDonald's
Dining
36,188 visits/mo
0.2 miles
Aldi
Groceries
22,350 visits/mo
0.4 miles
Delta Sonic Car Wash
Shops & Services
19,239 visits/mo
0.2 miles
Demographics for 60074, IL
37,705
Population
14,953
Households
2.5
Avg Household Size
38
Median Age
42%
College-Educated
85%
High-School Grad
7.1 sq mi
ZIP Area
5,311
Density / Sq Mi
$81,911
Median Household Income
$45,217
Median Earnings
$1,429
Median Rent
$307,800
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Retail space in Palatine, Illinois, available for purchase.
Where is this retail space located?
The property is located at 1131 East Dundee Road Palatine, IL.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: +\/-5,323 SF Ground Floor with +\/-1,347 SF Basement: Large building size.; Substantial Land Size: +\/- 0.9 SF.; Asking Price $1,275,000: High‑value property.
