Redevelopment Opportunity on High-Traffic
For Sale
Contact for pricing
Pending
2700 E Sauk Trail, Sauk Village, IL 60411
Vacant 2,980 SF building on 0.75 acres for sale.
Property Size2,980 SF
Lot Size0.75 Acres
Days on Market182
Property Features for 2700 E Sauk Trail
General Information
Standard status
Pending
Size
2,980 SF
Lot size
0.75 Acres
Property subtype
Retail
Zoning
c-2
Investment Type
Owner/User
Building Details
Year Built
1982
Buildings
1
Stories
1
Units
1
Listing Agency:
Infiniti Properties Inc
(708) 859-7846
Listed By:
Ned Malley · License #IL 471007341
Source:
Crexi
Added: Feb 19
Changed: Aug 8
Last Checked: Jul 26 at 8:47AM
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 Infiniti Properties Inc
Investment Insights
Based on property information with market context.
This vacant 2,980-square-foot building, situated on 0.75 acres, presents a redevelopment opportunity. The property is located at the southeast corner of Torrence Avenue and Sauk Trail, a signalized intersection with high visibility and easy access, seeing over 26,500 vehicles per day. It is suitable for redevelopment as a gas station, convenience or grocery store, quick-service restaurant, or general retail space. The surrounding area is densely populated, with 118,000 residents within a 5-mile radius, and features a mix of local, national, and franchise businesses, including Dunkin' Donuts, Sharks Fish & Chicken, Family Dollar, an auto repair shop, US Bank, and Walgreens. The property was formerly a 7 Eleven and TitleMax.
Key Highlights
- Strategic corner location at a signalized intersection (SE corner of Torrence Ave & Sauk Trl) with high visibility and easy access.
- High traffic volume: Over 26,500 vehicles per day.
- Suitable for redevelopment: Ideal for gas station, convenience store, QSR, retail, or restaurant.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,363
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$827,260
$827.3K
Cap Rate 7%
$590,900
$590.9K
Cap Rate 9%
$459,589
$459.6K
Market Conditions
NOI Build-Up for 2,980 SF
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.
Gross rent
$64.4K $21.60/SF
− Vacancy
−$5.3K −$1.77/SF
EGI
$59.1K $19.83/SF
− OpEx
−$17.7K −$5.95/SF
NOI
$41.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$827,260
Cap Rate 7%
$590,900
Cap Rate 9%
$459,589
Alternative Uses
Best Use
Retail
$590.9K
$517.0K – $689.4K
NOI $41,363 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$900.3K – $1.20M
NOI $72,020 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
161
Businesses Nearby
21k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 79%
Dining 21%
Dollar Tree
Shops & Services
10,716 visits/mo
0.2 miles
Dunkin' Donuts
Dining
4,290 visits/mo
0.1 miles
U.S. Bank
Shops & Services
3,365 visits/mo
0.0 miles
Advance Auto Parts
Shops & Services
2,446 visits/mo
0.1 miles
Demographics for 60411, IL
53,515
Population
21,382
Households
2.5
Avg Household Size
36
Median Age
22%
College-Educated
87%
High-School Grad
30.7 sq mi
ZIP Area
1,743
Density / Sq Mi
$56,627
Median Household Income
$35,995
Median Earnings
$1,156
Median Rent
$148,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Vacant 2,980 SF building on 0.75 acres for sale.
Where is this retail space located?
The property is located at 2700 E Sauk Trail Sauk Village, IL.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Strategic corner location at a signalized intersection (SE corner of Torrence Ave & Sauk Trl) with **high visibility and easy access**.; High traffic volume: Over 26,500 vehicles per day.; Suitable for redevelopment: **Ideal for gas station, convenience store, QSR, retail, or restaurant.**
