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    Neighborhood Shopping Center Corner Location Title is generated by Realmo AI

    2710-2720 E Sauk Trail, Sauk Village, IL 60411

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    Value-add retail shopping center with a Family Dollar/Dollar Tree anchor and two available suites for increased occupancy.

    Type:Retail
    Property size:
    51,032 SF
    Lot size:
    5.37 Acres
    Price / SF:
    $9/SF
    Added:
    May 27, 2026
    Days on Market:
    11
    Last Refresh:
    Jun 6 at 3:34 am

    Property Features for 2710-2720 E Sauk Trail

    General Information

    Standard status
    Active
    Size
    51,032 SF
    Lot size
    5.37 Acres
    Property subtype
    Retail

    We can help!

    Listing Contact
    Martha Winter
    Martha Winter

    Listing agent Martha Winter License #471002749

    Listing office Lagestee-Mulder Inc

    Listing date May 27, 2026

    Source Crexi

    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 Lagestee-Mulder Inc

    HighLights

    • 51,032 SF shopping center on 5.37 acres at the southeast corner of Sauk Trail and Torrence Avenue (Sauk Village, IL 60411).
    • 67% leased; anchored by a Family Dollar/Dollar Tree dual‑concept store opened July 2024 (23,171 SF, 45.4% of property) on a 5‑year lease with four 5‑year renewal options.
    • Two available suites totaling 16,600 SF, providing space to increase occupancy.
    • Tenant mix includes Children’s Place Learning Academy, Life in Christ Church, Amy’s Café, and Sharks Fish & Chicken.
    • Capital improvements in 2023 include parking lot replacement and partial roof replacement.
    • Sauk Trail exposure to approx. 10,050 vehicles per day; near Walgreens, Dunkin, I‑394, and Route 30.

    Overview

    Sauk Plaza Shopping Center is a well-established neighborhood retail center comprising 51,032 SF on 5.37 acres. The property sits on a high-visibility southeast corner at Sauk Trail and Torrence Avenue and is anchored by a new Family Dollar/Dollar Tree dual-concept store that opened in July 2024. The anchor occupies 23,171 SF (45.4%) under a 5-year lease with four 5-year renewal options. The tenant mix also includes Children’s Place Learning Academy, Life in Christ Church, Amy’s Café, and Sharks Fish & Chicken. Recent capital improvements include parking lot replacement and partial roof replacement in 2023.

    The center is positioned along Sauk Trail with exposure to approximately 10,050 vehicles per day, supporting consistent day-to-day traffic for the surrounding retail corridor. The property benefits from strong area accessibility and is located near Walgreens, Dunkin, I-394, and Route 30.

    For investors or owner-operators, Sauk Plaza presents leasing-up and retenanting opportunities with two available suites totaling 16,600 SF. With the center currently 67% leased and an anchor with a recent opening and long renewal runway, the remaining space offers a practical path to increasing occupancy while rounding out the center’s neighborhood-oriented tenant roster.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

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

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

    Similar Places Nearby

    • Sauk Plaza Shopping Center — Sauk Village, IL 60411

    Location Insight

    • Map
    • Local Demand
    City
    Sauk Village
    County
    Cook
    State
    Illinois
    Longitude
    -87.551235
    Latitude
    41.491912

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    FAQs

    What type of property is this?
    Shopping center - Value-add retail shopping center with a Family Dollar/Dollar Tree anchor and two available suites for increased occupancy.
    Where is this shopping center located?
    The property is located at 2710-2720 E Sauk Trail Sauk Village, IL.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: 51,032 SF shopping center on 5.37 acres at the southeast corner of Sauk Trail and Torrence Avenue (Sauk Village, IL 60411).; 67% leased; anchored by a Family Dollar/Dollar Tree dual‑concept store opened July 2024 (23,171 SF, 45.4% of property) on a 5‑year lease with four 5‑year renewal options.; Two available suites totaling 16,600 SF, providing space to increase occupancy.
    (708) 333-8338 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Martha Winter
    Martha Winter
    Real Estate License ID: 471002749
    Learn More
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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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