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    Streamwood Retail Center For Sale Title is generated by Realmo AI

    647 S Sutton Rd, Streamwood, IL 60107

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    For Sale
    $2,388,000

    7,105 SF retail center anchored by Starbucks.

    Type:Shopping Strip
    Property size:
    7,105 SF
    Price / SF:
    $336/SF
    Added:
    Apr 8, 2026
    Days on Market:
    60
    Last Refresh:
    Apr 8 at 8:00 pm

    Property Features for 647 S Sutton Rd

    General Information

    Standard status
    Active
    Size
    7,105 SF
    Property subtype
    Shopping Strip

    Building Details

    Year Built
    2005

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    Listing Contact
    Mitchell Kiven

    Listing agent Mitchell Kiven License #License(s): IL: 475.164486

    Listing office Marcus & Millichap | Chicago Downtown

    Listing date Apr 8, 2026

    Source Marcusmillichap

    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 Marcus & Millichap | Chicago Downtown

    HighLights

    • Starbucks‑anchored retail center with drive‑thru.
    • Diversified four‑tenant rent roll with strong NNN leases.
    • Long‑term tenants, including Starbucks and UPS, with a history of lease renewals (20+ years).
    • AT&T's recent lease conversion to triple‑net with sizable future annual rent increases.
    • Located at a high‑traffic intersection (50,000+ vehicles per day) with monument signage and access from two thoroughfares.
    • Strong area demographics: 80,000 people within a three‑mile radius and average household incomes over $116,000 annually.

    Overview

    This 7,105 square foot retail center in Streamwood, Illinois, is anchored by a drive-thru Starbucks. The property features a four-tenant rent roll with tenants operating on NNN leases. The tenant mix includes Starbucks, the UPS Store, May’s Gaming, and AT&T Wireless. UPS and Starbucks are original tenants and have renewed their leases at this location for over 20 years. AT&T recently converted their lease to triple-net and agreed to future annual rent increases. The property is located off the signalized intersection of Sutton and Irving Park Road and has monument signage on both streets, with access from both thoroughfares. Traffic counts at this intersection exceed 50,000 vehicles per day. The property is positioned on the morning side of traffic, drawing commuters from the dense subdivisions of Streamwood on their way to Interstate-90. The area has a strong population density, with close to 80,000 people living within a three-mile radius and average household incomes of over $116,000 annually within the same radius. The property is offered at a reasonable acquisition basis.
    Location Intelligence

    Current Use by Public Records

    Starbucks Cafe & Coffee Shop

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

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

    Similar Places Nearby

    • Sutton park shopping center — 1021 S Sutton Rd, Streamwood, IL 60107

    Location Insight

    • Map
    • Local Demand
    City
    Streamwood
    County
    Cook
    State
    Illinois
    Longitude
    -88.2022556
    Latitude
    42.0202606

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    FAQs

    What type of property is this?
    Shopping center - 7,105 SF retail center anchored by Starbucks.
    Where is this shopping center located?
    The property is located at 647 S Sutton Rd Streamwood, IL.
    What is the asking price?
    The asking price for this property is $2,388,000.
    What are key features of this property?
    This property features: Starbucks‑anchored retail center with drive‑thru.; Diversified four‑tenant rent roll with strong NNN leases.; Long‑term tenants, including Starbucks and UPS, with a history of lease renewals (20+ years).
    (312) 624-7006
    We can help!
    Listing Contact
    Mitchell Kiven
    Real Estate License ID: License(s): IL: 475.164486
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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