Historic Downtown Office Retail
For Sale
$750,000
118 W Main Street, West Dundee, IL 60118
Landmark 3,402 SF building with soaring ceilings, arched windows, upper-level conference area, and rear entry with full basement.
Property Size3,402 SF
Days on Market158
Property Features for 118 W Main Street
General Information
Standard status
Active
Size
3,402 SF
Property subtype
Retail
Building Details
Building Size
3,402 SF
Year Built
1875
Listing Agency:
SVN | Landmark Commercial Real Estate
Listed By:
Jeff Cadwallader · License #475116201
(630) 254-4734
Source:
Svn
Added: May 17
Changed: Oct 5
Last Checked: Oct 20 at 5:36PM
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 SVN | Landmark Commercial Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Constructed in 1875 as the First National Bank of Dundee, this landmark building has been renovated to combine historic character with modern functionality. Interior highlights include soaring ceilings, original coffered woodwork, expansive arched windows, an integrated sound system, solar panels, and a preserved original bank vault. The layout includes a main floor plus an upper level that overlooks the main area, with a large conference room and office space. Additional improvements include updated restrooms, diamond-plate metal staircases, a full kitchen with high-end cabinetry and stone countertops, and a checkerboard hardwood floor. A full basement provides dedicated storage with a separate entrance.
Located in the heart of downtown West Dundee along Route 72 (Main Street), the property offers strong visibility and connectivity, with quick access to Route 31 and Interstate 90. It sits within West Dundee’s historic business district and is near the Riverwalk, with local dining, boutiques, and service businesses in the surrounding area. An adjacent large public parking lot supports convenient access for visitors and customers.
The building is zoned B-1 and is positioned to serve a range of uses such as boutique retail, professional office, or creative studio environments, depending on tenant needs and approvals.
Located in the heart of downtown West Dundee along Route 72 (Main Street), the property offers strong visibility and connectivity, with quick access to Route 31 and Interstate 90. It sits within West Dundee’s historic business district and is near the Riverwalk, with local dining, boutiques, and service businesses in the surrounding area. An adjacent large public parking lot supports convenient access for visitors and customers.
The building is zoned B-1 and is positioned to serve a range of uses such as boutique retail, professional office, or creative studio environments, depending on tenant needs and approvals.
Key Highlights
- Landmark 3,402 SF building built in 1875, originally constructed as the First National Bank of Dundee
- Historic interior details including soaring ceilings, original coffered woodwork, expansive arched windows, and preserved original bank vault
- Upper level overlooks the main floor and includes a large conference room plus office area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,220
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$944,400
$944.4K
Cap Rate 7%
$674,571
$674.6K
Cap Rate 9%
$524,667
$524.7K
Market Conditions
NOI Build-Up for 3,402 SF
Gross rent
$73.5K $21.60/SF
− Vacancy
−$6.0K −$1.77/SF
EGI
$67.5K $19.83/SF
− OpEx
−$20.2K −$5.95/SF
NOI
$47.2K $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%
$944,400
Cap Rate 7%
$674,571
Cap Rate 9%
$524,667
Alternative Uses
Best Use
Retail
$674.6K
$590.3K – $787.0K
NOI $47,220 @ 7.0% cap · market cap 6.30%
Second Best
Office B
$670.1K
$586.4K – $781.8K
NOI $46,908 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,219 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,017
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 60118, IL
16,342
Population
6,428
Households
2.5
Avg Household Size
44
Median Age
44%
College-Educated
94%
High-School Grad
20.9 sq mi
ZIP Area
782
Density / Sq Mi
$104,572
Median Household Income
$57,622
Median Earnings
$1,532
Median Rent
$340,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- And All the Angels — 647 Dundee Ave, Barrington, IL 60010
- Little Leaf Inc. — 106 W Main St, Barrington, IL 60010
- Barrington Flower Shop — 201 S Cook St, Barrington, IL 60010
Frequently Asked Questions
What type of property is this?
Storefront property - Landmark 3,402 SF building with soaring ceilings, arched windows, upper-level conference area, and rear entry with full basement.
Where is this storefront property located?
The property is located at 118 W Main Street West Dundee, IL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Landmark 3,402 SF building built in 1875, originally constructed as the First National Bank of Dundee; Historic interior details including soaring ceilings, original coffered woodwork, expansive arched windows, and preserved original bank vault; Upper level overlooks the main floor and includes a large conference room plus office area
