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Grocery-Anchored Neighborhood Shopping Center
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605-771 E Dundee Rd, Palatine, IL 60074

Grocery-anchored neighborhood shopping center shadow-anchored by Target at 605-771 E Dundee Rd in Palatine.

Property Size7,841 SF
Days on Market148

Property Features for 605-771 E Dundee Rd

General Information

Standard status Active
Size 7,841 SF
Property subtype RETAIL
Listing Agency: Kimco Realty - Corporate
Listed By: Rich Bevis
Source: Moodyscre
Added: Mar 4 Changed: Jul 30 Last Checked: Jul 30 at 6:24AM

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 Kimco Realty - Corporate

Investment Insights

Based on property information with market context.

Deer Grove Centre is a grocery-anchored neighborhood shopping center with a Target shadow anchor. The center is positioned at 605-771 E Dundee Rd in Palatine, Illinois.

The property totals 7,841 square feet and is described as being in a densely populated, affluent suburb of Chicago. The tenant line-up is noted for including national big box chains, supporting everyday retail demand for the surrounding area.

Key Highlights

  • 7,841 square feet shopping center
  • Grocery‑anchored retail center
  • Target shadow anchor

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Skin Care Clinic Grocery & Convenience Store Acupuncture Plumbing Service

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

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

719
Businesses Nearby
379k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 28% Superstores 20% Groceries 18% Dining 13%
Target Superstores
76,065 visits/mo 0.1 miles
Jewel-Osco Groceries
46,832 visits/mo 0.2 miles
The Home Depot Home Improvements & Furnishings
42,789 visits/mo 0.4 miles
Hobby Lobby Shops & Services
26,320 visits/mo 0.1 miles
Aldi Groceries
22,350 visits/mo 0.3 miles

Demographics for 60074, IL

37,705
Population
14,953
Households
2.5
Avg Household Size
38
Median Age
42%
College-Educated
85%
High-School Grad
7.1 sq mi
ZIP Area
5,311
Density / Sq Mi
$81,911
Median Household Income
$45,217
Median Earnings
$1,429
Median Rent
$307,800
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
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Similar Off Market Nearby

  • Deer Grove Centre — 679 E Dundee Rd, Palatine, IL 60074
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Frequently Asked Questions

What type of property is this?
Shopping center - Grocery-anchored neighborhood shopping center shadow-anchored by Target at 605-771 E Dundee Rd in Palatine.
Where is this shopping center located?
The property is located at 605-771 E Dundee Rd Palatine, IL.
What are key features of this property?
This property features: 7,841 square feet shopping center; Grocery‑anchored retail center; Target shadow anchor
(248) 592-6222 Call to check price and availability
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