O’Reilly’s Auto Parts Retail
1500 S Elmhurst Rd, Mt Prospect, IL 60056
For Sale
$5,980,000
The offering comprises the full condominium interest in a retail property leased to O’Reilly’s Auto Parts.
Property Size35,000 SF
Days on Market49
Property Features for 1500 S Elmhurst Rd
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Mid-America Real Estate
Listed By:
George Ghattas · License IL #475135588
(630) 954-7398
Source:
Midamericagrp
Added: Sep 24
Changed: Nov 5
Last Checked: Nov 10 at 5:45AM
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 Mid-America 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.
This retail property at Mount Prospect Center is occupied by O’Reilly’s Auto Parts. The sale offering consists of the complete condominium interest, and the property was built in 1990. The tenant lease is structured as NN, with 13.8 years stated in the listing.
Key Highlights
- Sale includes the 100% condominium interest
- 13.8‑year NN lease with minimal landlord responsibilities
- Built in 1990
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$492,288
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,845,760
$9.8M
Cap Rate 7%
$7,032,686
$7.0M
Cap Rate 9%
$5,469,867
$5.5M
Market Conditions
NOI Build-Up for 35,000 SF
Gross rent
$768.6K $21.96/SF
− Vacancy
−$65.3K −$1.87/SF
EGI
$703.3K $20.09/SF
− OpEx
−$211.0K −$6.03/SF
NOI
$492.3K $14.07/SF
Area
Cook County, IL
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,845,760
Cap Rate 7%
$7,032,686
Cap Rate 9%
$5,469,867
Alternative Uses
Best Use
Retail
$7.03M
$6.15M – $8.20M
NOI $492,288 @ 7.0% cap · market cap 8.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.44M
$11.76M – $15.68M
NOI $940,800 @ 7.0% cap · market cap 15.73%
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
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
804
Businesses Nearby
116k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 39%
Shops & Services 35%
Dining 27%
Kohl's
Apparel
44,608 visits/mo
0.1 miles
BP
Shops & Services
16,684 visits/mo
0.1 miles
Chase Bank
Shops & Services
13,625 visits/mo
0.4 miles
Taco Bell
Dining
8,542 visits/mo
0.2 miles
Burger King
Dining
6,972 visits/mo
0.1 miles
Demographics for 60056, IL
57,177
Population
23,202
Households
2.5
Avg Household Size
41
Median Age
49%
College-Educated
92%
High-School Grad
10.9 sq mi
ZIP Area
5,246
Density / Sq Mi
$104,168
Median Household Income
$54,158
Median Earnings
$1,456
Median Rent
$376,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Retail space in Cook County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - The offering comprises the full condominium interest in a retail property leased to O’Reilly’s Auto Parts.
Where is this retail space located?
The property is located at 1500 S Elmhurst Rd Mt Prospect, IL.
What is the asking price?
The asking price for this property is $5,980,000.
What are key features of this property?
This property features: Sale includes the 100% condominium interest; 13.8‑year NN lease with minimal landlord responsibilities; Built in 1990
