Retail Building Across From
515 Park Drive Kenilworth, IL 60043
515 Park Drive, Kenilworth, IL, 60043
$599,000
For Sale
$599,000
Single-story commercial building suitable for retail, office, or service business.
Property Size2,370 SF
Price / SF$252.74
Days on Market243
Property Features for 515 Park Drive
General Information
- Standard status
- Active
- Size
- 2,370 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1949
Listing agency
SVN Chicago Commercial
(312) 529-5791
Listed by
Wayne Caplan · License #475132248
Source
Svnchicago
Added: Nov 21, 2025 Updated: Jul 6 at 8:32AM Checked: Jul 21 at 3:49AM
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 Commercial
Investment Insights
Based on property information with market context.
Located on Park Drive across from the Metra station in Kenilworth, Illinois, this 2,370 square foot single-story commercial building is suitable for retail, office, or service businesses. The property benefits from street parking and visibility. Situated in Kenilworth's B-Business District and the village's TIF district, the current zoning allows for a 3+ story structure. There is potential for assemblage of up to approximately 11,000 square feet of land. Kenilworth is an affluent north shore suburban area of Chicago, approximately 15 miles from downtown. Green Bay Road serves as the major north-south commercial corridor in this area, which includes Winnetka and Wilmette.
Key Highlights
- Located across from the Kenilworth Metra station in an affluent Chicago suburb.
- Flexible B‑Business zoning allows for various uses.
- Potential for assemblage of up to 11,000 SF of land for new development.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.2k | $21.60 |
| − Vacancy | −$4.2k | −$1.77 |
| EGI | $47.0k | $19.83 |
| − OpEx | −$14.1k | −$5.95 |
| NOI | $32.9k | $13.88 |
2,370 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$469.9K
$411.2K – $548.3K
NOI $32,896 @ 7.0% cap · market cap 5.49%
Second Best
—
—
no second resolved use
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Federalist Antiques
Home Decor Store
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Single-story commercial building suitable for retail, office, or service business.
Where is this storefront property located?
The property is located at 515 Park Drive 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: Located across from the Kenilworth Metra station in an affluent Chicago suburb.; Flexible B‑Business zoning allows for various uses.; Potential for assemblage of up to 11,000 SF of land for new development.
