Mixed-Use Building with Retail and
630 Green Bay Road Kenilworth, IL 60043
630 Green Bay Road, Kenilworth, IL, 60043
$1,900,000
For Sale
$1,900,000
Mixed-use building with ground-floor retail, two loft-style office spaces with ADA-compliant restrooms, and three 2BR apartments.
Property Size9,000 SF
Lot Size0.21 Acres
Price / SF$211.11
Days on Market308
Property Features for 630 Green Bay Road
General Information
- Standard status
- Active
- Size
- 9,000 SF
- Lot size
- 0.21 Acres
Building Details
- Year Built
- 1961
Listing agency
Home One Realty
(708) 214-6425
Listed by
Nicholas Hansen · License #471017504
(708) 214-6425
Source
Compass
Added: Sep 18, 2025 Updated: Jul 21 at 12:50PM Checked: Jul 21 at 12:50PM
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 Home One Realty
Investment Insights
Based on property information with market context.
This mixed-use building includes ground-floor retail space, two loft-style office spaces, and three residential apartments. The three units are 2BR/1BA apartments, and the office spaces feature ADA-compliant restrooms. The building is supported by 10 on-site parking spaces.
The property is located on Green Bay Road in Kenilworth and benefits from direct frontage and access to a major retail corridor. The Metra station is within walking distance, and the surrounding area includes boutique shops, restaurants, and residential neighborhoods.
With multiple income components—retail, office, and residential—the building is designed as a versatile, multi-revenue property.
The property is located on Green Bay Road in Kenilworth and benefits from direct frontage and access to a major retail corridor. The Metra station is within walking distance, and the surrounding area includes boutique shops, restaurants, and residential neighborhoods.
With multiple income components—retail, office, and residential—the building is designed as a versatile, multi-revenue property.
Key Highlights
- 10,925 SF mixed‑use building on a 9,000 SF lot on Green Bay Road in Kenilworth
- Ground‑floor retail/commercial space with flexible layout and room to divide for different tenant uses
- Two loft‑style office spaces, each with ADA‑compliant restrooms
Local Financial Insights For Mixed Use
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 | $270.0k | $30.00 |
| − Vacancy | −$27.0k | −$3.00 |
| EGI | $243.0k | $27.00 |
| − OpEx | −$91.1k | −$10.13 |
| NOI | $151.9k | $16.88 |
9,000 SF · lease $30.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$2.17M
$1.90M – $2.53M
NOI $151,875 @ 7.0% cap · market cap 7.99%
Second Best
Retail
$1.78M
$1.56M – $2.08M
NOI $124,921 @ 7.0% cap · market cap 6.57%
Theoretical Best
Office A
$3.11M
$2.72M – $3.63M
NOI $217,510 @ 7.0% cap · market cap 11.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use building with ground-floor retail, two loft-style office spaces with ADA-compliant restrooms, and three 2BR apartments.
Where is this mixed-use property located?
The property is located at 630 Green Bay Road Kenilworth, IL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 10,925 SF mixed‑use building on a 9,000 SF lot on Green Bay Road in Kenilworth; Ground‑floor retail/commercial space with flexible layout and room to divide for different tenant uses; Two loft‑style office spaces, each with ADA‑compliant restrooms
