Building Details

Year Built 1988

Listing Agency: Century 21 New Heritage West l***@msn.com Show Phone

Listed By: Patrick West · License #475119607 Show Phone

Source: Helenoliveri

Added: Sep 28 Changed: Oct 31 Last Checked: Oct 31 at 2:25PM

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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 Century 21 New Heritage West

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

A 1,700-square-foot retail suite is located in Dundee Mall at 495 Dundee Avenue in East Dundee. The property was built in 1988, and the space was previously used as a salon. Signage is available.

The property is at the corner of Rte 72 and Rte 25, near a new residential development and a fire department. Reported traffic counts are 28,200 cars on Higgins and 23,900 cars on Rte 25.

Key Highlights

• 1,700‑square‑foot retail suite in Dundee Mall
• Corner location at Rte 72 and Rte 25
• Traffic counts: 28,200 cars on Higgins and 23,900 cars on Rte 25

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,596

Suggested Prices Based on Cap Rates

Cap Rate 5%

$471,920 $471.9K

Cap Rate 7%

$337,086 $337.1K

Cap Rate 9%

$262,178 $262.2K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,700 SF

Gross rent

$36.7K $21.60/SF

− Vacancy

−$3.0K −$1.77/SF

EGI

$33.7K $19.83/SF

− OpEx

−$10.1K −$5.95/SF

NOI

$23.6K $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 Rate 5%

$471,920

Cap Rate 7%

$337,086

Cap Rate 9%

$262,178

Alternative Uses

Best Use

Retail

$337.1K

$295.0K – $393.3K (±1% cap)

NOI $23,596 @ 7.0% cap · market cap 124,189.47%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$586.9K

$513.6K – $684.8K (±1% cap)

NOI $41,085 @ 7.0% cap · market cap 216,236.84%

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

Studio M Beauty ... Hair Salon

Suggested Use

Top Pick Plumbing Service Furniture & Home Goods (Bike/Boat/Book/etc) Store Skin Care Clinic Catering Service Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

421

Businesses Nearby

4k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Speedway Shops & Services

4,067 visits/mo 0.4 miles

Demographics for 60118, IL

16,342

Population

6,428

Households

2.5

Avg Household Size

44

Median Age

44%

College-Educated

94%

High-School Grad

20.9 sq mi

ZIP Area

782

Density / Sq Mi

$104,572

Median Household Income

$57,622

Median Earnings

$1,532

Median Rent

$340,000

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Frequently Asked Questions

What type of property is this?

Retail space - The suite offers signage availability and a former salon use.

Where is this retail space located?

The property is located at 495 DUNDEE Avenue East Dundee, IL.

What are key features of this property?

This property features: 1,700‑square‑foot retail suite in Dundee Mall; Corner location at Rte 72 and Rte 25; Traffic counts: 28,200 cars on Higgins and 23,900 cars on Rte 25