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    1877 N Neltnor Blvd W Chicago, IL

    For Sale
    $14,205,000

    Income-producing retail center with long-term leases and attractive rent increases.

    Property size:
    100,242 SF
    Lot size:
    13.52 Acres

    Property Features for 1877 N Neltnor Blvd W

    General Information

    Size
    100,242 SF
    Lot size
    13.52 Acres

    Source: Northmarq | Chicago (East Wacker Dr) Agent BJ Feller

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

    Overview

    Redeveloped Retail Center with Upside

    This stabilized, income-producing investment property is a recently redeveloped retail center. The property is 98.60% occupied and features attractive rent increases and long-term anchor leases. Located in Dupage County within the Chicago MSA, the area boasts strong, affluent demographics, including a 5-mile population of over 134,000 and an average household income of $149,000. The property also benefits from being in a desirable, property tax-friendly county. Adjacent to the center is a buildable lot, offering the potential for up to 45,000 square feet of retail, self-storage, or residential development, subject to municipal approval. Additionally, there is a 20,000 square foot buildable lot adjacent to Old Time Pottery. The property has below-market rents.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Similar Places Nearby

    Tower Station

    Map

    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6531805
    Latitude
    41.9007097

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    FAQs

    What type of property is this?
    Shopping center - Income-producing retail center with long-term leases and attractive rent increases.
    Where is this shopping center located?
    The property is located at 1877 N Neltnor Blvd W Chicago, IL.
    What is the asking price?
    The asking price for this property is $14,205,000.
    What are key features of this property?
    This property features: - Stabilized, Income-Producing Investment | **98.60% Occupied, Recent Redevelopment**; - Dupage County (Chicago MSA) | Strong, Affluent Demographics: 134K+ 5-mile Population, $149K Avg HHI; - Long-Term Anchor Leases
    (312) 240-0127
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1877 N Neltnor Blvd W Chicago, IL
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