Single-Story Retail/Office
For Sale
Contact for pricing
Pending
515 Park Dr, Kenilworth, IL 60043
Single-story commercial building with strong visibility across from the Kenilworth Metra station.
Property Size2,370 SF
Days on Market906
Property Features for 515 Park Dr
General Information
Standard status
Pending
Size
2,370 SF
Property subtype
RETAIL
Zoning
Flexible B
Building Details
Stories
1
Listing Agency:
SVN | Chicago - Corporate
(312) 676-1866
Listed By:
Wayne Caplan · License #475132248
(312) 529-5791
Source:
Moodyscre
Added: Apr 26, 2024
Changed: Sep 14
Last Checked: Oct 16 at 8:33AM
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 | Chicago - Corporate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This single-story commercial building offers approximately 2,370 square feet of flexible retail, office, and service space. The property is positioned for strong visibility and street-level access, supported by easy street parking.
The building is located across the street from the Kenilworth Metra train station, providing convenient transit adjacency for daytime and commuter traffic. It sits in Kenilworth’s TIF District.
The property is zoned for flexible B Business use, with stated possibilities including retail, residential, office, mixed-use, and a 3+ story structure. The remarks also describe potential for assemblage of up to 11,000 square feet of land.
The building is located across the street from the Kenilworth Metra train station, providing convenient transit adjacency for daytime and commuter traffic. It sits in Kenilworth’s TIF District.
The property is zoned for flexible B Business use, with stated possibilities including retail, residential, office, mixed-use, and a 3+ story structure. The remarks also describe potential for assemblage of up to 11,000 square feet of land.
Key Highlights
- Approx. 2,370 SF single‑story commercial building
- Across the street from the Kenilworth Metra train station
- Easy street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,896
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$657,920
$657.9K
Cap Rate 7%
$469,943
$469.9K
Cap Rate 9%
$365,511
$365.5K
Market Conditions
NOI Build-Up for 2,370 SF
Gross rent
$51.2K $21.60/SF
− Vacancy
−$4.2K −$1.77/SF
EGI
$47.0K $19.83/SF
− OpEx
−$14.1K −$5.95/SF
NOI
$32.9K $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%
$657,920
Cap Rate 7%
$469,943
Cap Rate 9%
$365,511
Alternative Uses
Best Use
Retail
$469.9K
$411.2K – $548.3K
NOI $32,896 @ 7.0% cap · market cap 5.49%
Second Best
Office B
$466.8K
$408.5K – $544.6K
NOI $32,678 @ 7.0% cap · market cap 5.46%
Theoretical Best
Office A
$818.3K
$716.0K – $954.6K
NOI $57,278 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
878
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60043, IL
2,514
Population
815
Households
3.1
Avg Household Size
42
Median Age
92%
College-Educated
100%
High-School Grad
0.6 sq mi
ZIP Area
4,190
Density / Sq Mi
$250,001
Median Household Income
$152,813
Median Earnings
$3,501
Median Rent
$1,409,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - Single-story commercial building with strong visibility across from the Kenilworth Metra station.
Where is this storefront property located?
The property is located at 515 Park Dr Kenilworth, IL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Approx. 2,370 SF single‑story commercial building; Across the street from the Kenilworth Metra train station; Easy street parking
