Freestanding Retail Building on
For Sale
$3,000,000
2580 E Main St, St Charles, IL 60174
Single-user retail building on 1.73 acre site.
Property Size16,680 SF
Lot Size1.73 Acres
Price / SF$179.86
Days on Market147
Property Features for 2580 E Main St
General Information
Standard status
Active
Size
16,680 SF
Lot size
1.73 Acres
Property subtype
Retail
Building Details
Building Size
16,680 SF
Year Built
1980
Listing Agency:
SVN | Landmark Commercial Real Estate
Listed By:
Neil Johnson · License #471012919
(630) 669-1414
Source:
Svn
Added: May 21
Changed: Oct 3
Last Checked: Oct 12 at 5:30PM
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 SVN | Landmark Commercial Real Estate
Investment Insights
Based on property information with market context.
This freestanding, single-user retail building features two levels and is situated on a 1.73-acre site with frontage on Main Street (Route 64). The total building size is 16,680 square feet, with 8,340 square feet on both the main floor and an upper-level mezzanine. A freight elevator provides access to the second floor. The property presents an opportunity for an owner/user or redevelopment. The location is at the corner of Main Street (Illinois Route 64/North Avenue) and Fieldgate Drive on the east side of St. Charles, Illinois, a community in the Chicago suburbs. It is across from the Foxfield Commons Shopping Center, anchored by ACE Hardware, and Elevations (by Hines). The surrounding area includes a variety of retail, restaurant, office, and service properties. The property is approximately one-half mile from St. Charles East High School and Wredling Middle School. Traffic counts are 26,544 vehicles per day. The demographics within a 5-mile radius include a population of 109,339 and an average household income of $164,150.
Key Highlights
- Prime location on Main St (Rt 64) in St Charles, IL, an upscale Chicago suburb.
- High traffic count: 26,544 vehicles per day.
- Large 1.73 acre site with redevelopment potential.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$201,341
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,026,820
$4.0M
Cap Rate 7%
$2,876,300
$2.9M
Cap Rate 9%
$2,237,122
$2.2M
Market Conditions
NOI Build-Up for 16,680 SF
Gross rent
$300.2K $18.00/SF
− Vacancy
−$12.6K −$0.76/SF
EGI
$287.6K $17.24/SF
− OpEx
−$86.3K −$5.17/SF
NOI
$201.3K $12.07/SF
Area
Kane County, IL
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,026,820
Cap Rate 7%
$2,876,300
Cap Rate 9%
$2,237,122
Alternative Uses
Best Use
Retail
$2.88M
$2.52M – $3.36M
NOI $201,341 @ 7.0% cap · market cap 6.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.76M
$5.04M – $6.72M
NOI $403,119 @ 7.0% cap · market cap 13.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,185
Businesses Nearby
157k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 38%
Dining 35%
Apparel 20%
Home Improvements & Furnishings 3%
Mobil
Shops & Services
22,216 visits/mo
0.4 miles
Taco Bell
Dining
22,138 visits/mo
0.1 miles
Ross Dress for Less
Apparel
20,284 visits/mo
0.5 miles
Chase Bank
Shops & Services
12,434 visits/mo
0.1 miles
Panera Bread
Dining
11,966 visits/mo
0.3 miles
Demographics for 60174, IL
30,958
Population
13,115
Households
2.4
Avg Household Size
42
Median Age
49%
College-Educated
95%
High-School Grad
13.7 sq mi
ZIP Area
2,260
Density / Sq Mi
$102,408
Median Household Income
$51,235
Median Earnings
$1,738
Median Rent
$348,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Storefront property - Single-user retail building on 1.73 acre site.
Where is this storefront property located?
The property is located at 2580 E Main St St Charles, IL.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Prime location on Main St (Rt 64) in St Charles, IL, an upscale Chicago suburb.; High traffic count: 26,544 vehicles per day.; Large 1.73 acre site with redevelopment potential.
