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at 151 E Irving Park Rd Contact us

151 E Irving Park Rd AVAILABLE, Now

Floor 1

Size 2,000 SF

Type RETAIL

Lease Type NNN

Sublease No

- Flexible demising scenarios or single tenant occupancy depending on square footage needs: - 4,829 SF - full building - 2,000 - 2,829 SF - demised - Incredible endcap with drive-thru opportunity - Located in Jewel-Osco anchored center - Strong daytime population and high area household income - Lease Rates: $28-$32 PSF NNN

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151 E Irving Park Rd AVAILABLE, Now

Floor 1

Size 2,829 SF

Type RETAIL

Lease Type NNN

Sublease No

- Flexible demising scenarios or single tenant occupancy depending on square footage needs: - 4,829 SF - full building - 2,000 - 2,829 SF - demised - Incredible endcap with drive-thru opportunity - Located in Jewel-Osco anchored center - Strong daytime population and high area household income - Lease Rates: $28-$32 PSF NNN

Contact us

Listing Agency: Baum Realty Show Phone

Listed By: Sarah Aiyash · License #481010804 Show Phone

Source: Moodyscre

Added: Jan 13, 2025 Changed: Oct 25 Last Checked: Oct 28 at 5:55AM

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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 Baum Realty

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This commercial property features a building with approximately 4,829 square feet of space, situated on a plot of land that is approximately 0.8 acres in size. The property benefits from a traffic count of 24,600. The property's pin number is 06-26-111-014. The 2021 taxes, payable in 2022, were $126,170.38.

Key Highlights

• Substantial Building Size: +/- 4,829 SF
• Large Land Size: +/- 0.8 Acres
• High Traffic Count: 24,600

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$27,760

Cap Rate

3.17%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$555,200 $555.2K

Cap Rate 7%

$396,571 $396.6K

Cap Rate 9%

$308,444 $308.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,000 SF

Gross rent

$43.2K $21.60/SF

− Vacancy

−$3.5K −$1.77/SF

EGI

$39.7K $19.83/SF

− OpEx

−$11.9K −$5.95/SF

NOI

$27.8K $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%

$555,200

Cap Rate 7%

$396,571

Cap Rate 9%

$308,444

Alternative Uses

Best Use

Retail

$396.6K

$347.0K – $462.7K (±1% cap)

NOI $27,760 @ 7.0% cap · market cap 3.17%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$690.5K

$604.2K – $805.6K (±1% cap)

NOI $48,336 @ 7.0% cap · market cap 5.52%

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

Chase ATM Atm

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Barber Shop Restaurant Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

366

Businesses Nearby

102k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Groceries 38% Dining 36% Shops & Services 25%

Jewel-Osco Groceries

38,779 visits/mo 0.2 miles

McDonald's Dining

23,573 visits/mo 0.3 miles

7-Eleven Shops & Services

11,633 visits/mo 0.2 miles

Burger King Dining

9,767 visits/mo 0.1 miles

Pet Supplies Plus Shops & Services

6,233 visits/mo 0.1 miles

Demographics for 60107, IL

39,535

Population

13,476

Households

2.9

Avg Household Size

39

Median Age

29%

College-Educated

87%

High-School Grad

7.7 sq mi

ZIP Area

5,134

Density / Sq Mi

$101,017

Median Household Income

$45,032

Median Earnings

$1,849

Median Rent

$258,300

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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3,788 SF

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Drive-Through Restaurant Building

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Freestanding Industrial Building

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Frequently Asked Questions

What type of property is this?

Retail space - Retail building on 0.8 acres with high traffic count.

Where is this retail space located?

The property is located at 151 E Irving Park Rd Streamwood, IL.

What is the asking price?

The asking price for this property is $875,000.

What are key features of this property?

This property features: Substantial Building Size: +/- 4,829 SF; Large Land Size: +/- 0.8 Acres; High Traffic Count: 24,600