Mixed-Use Building For
1650 Willow Road Northfield, IL 60093
1650 Willow Road, Northfield, IL, 60093
$510,000
For Sale
$510,000
Retail space with apartments in a good location.
Property Size2,500 SF
Price / SF$204
Days on Market375
Property Features for 1650 Willow Road
General Information
- Standard status
- Active
- Size
- 2,500 SF
Building Details
- Year Built
- 1952
Listing Agency
Partners 4U Realty Inc.
(773) 719-4211
Listed by
Paul Kim · License #475149169
(773) 719-4211
Source
Compass
Added: Jul 10, 2025 Checked: Jul 19 at 4:44 am
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 Partners 4U Realty Inc.
Investment Insights
Based on property information with market context.
This mixed-use property features a retail space on the first floor and two one-bedroom apartments on the second floor. The property is approximately 2500 square feet. The first-floor retail space is currently occupied by a cleaner, who will vacate the premises prior to closing. The property is located in a good location.
Key Highlights
- Good location
- Two 1‑bedroom apartments on the 2nd floor
- 1st floor cleaners
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.0k | $21.60 |
| − Vacancy | −$4.4k | −$1.77 |
| EGI | $49.6k | $19.83 |
| − OpEx | −$14.9k | −$5.95 |
| NOI | $34.7k | $13.88 |
2,500 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$495.7K
$433.8K – $578.3K
NOI $34,700 @ 7.0% cap · market cap 6.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$863.1K
$755.3K – $1.01M
NOI $60,420 @ 7.0% cap · market cap 11.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
East Willow Cleaners
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail space with apartments in a good location.
Where is this retail space located?
The property is located at 1650 Willow Road Northfield, IL.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Good location; Two 1‑bedroom apartments on the 2nd floor; 1st floor cleaners
