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    1000 N Neltnor Blvd West Chicago, IL 60185

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    For Sale
    $2,761,800

    Corporate leased retail property in Chicago MSA with scheduled rent increases.

    Property size:
    3,530 SF
    Lot size:
    2.37 Acres

    Property Features for 1000 N Neltnor Blvd

    General Information

    Size
    3,530 SF
    Lot size
    2.37 Acres

    Source: STREAM Capital Partners Agent Connor Shell

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

    Overview

    West Chicago Retail NNN Lease

    This property features a new 10-year corporate lease with Heartland Dental, a large DSO organization in the U.S. with over 1,800 dental offices across 38 states and $1.2 billion in 2022 revenue. The lease structure is an absolute NNN lease, making the tenant responsible for all maintenance, including the roof, structure, and parking lot, providing completely passive ownership. The lease includes scheduled rent increases of 10% every five years, including option periods. Heartland Dental recently renovated the former bank branch to their specifications. The property is located on IL-59 (Neltnor Blvd), a major North/South thoroughfare with a traffic volume of 29,666 vehicles per day, connecting to IL-64, a major East/West road with a traffic volume of 34,880 vehicles per day running to downtown Chicago. The property is situated in West Chicago, within the Chicago MSA, and benefits from an affluent customer base, with average household incomes of $130,000 within a 1-mile radius. The property size is 3,530 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Samhitha Pasupuleti, DMD Dentist Tasneem R. Azeem, ... Dentist PNC Bank ATM Atm Junction Dental Care Dentist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Chicago
    County
    DuPage
    State
    Illinois
    Longitude
    -88.2031334
    Latitude
    41.9019905

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    FAQs

    What type of property is this?
    Bank - Corporate leased retail property in Chicago MSA with scheduled rent increases.
    Where is this bank located?
    The property is located at 1000 N Neltnor Blvd West Chicago, IL.
    What is the asking price?
    The asking price for this property is $2,761,800.
    What are key features of this property?
    This property features: - New 10-year Absolute NNN Lease with Heartland Dental: Enjoy completely passive ownership.; - Strong Tenant: Leased to Heartland Dental, the largest DSO in the U.S., with substantial revenue.; - Scheduled Rent Increases: Lease includes 10% rental increases every five years, including option periods.
    (312) 899-6664
    Request Owner's contact information
    1000 N Neltnor Blvd West Chicago, IL 60185
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    West Chicago, IL 60185
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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
    1000 N Neltnor Blvd West Chicago, IL 60185
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