Retail Space with Barber
For Sale
Contact for pricing
630 W Algonquin Road, Des Plaines, IL 60016
The established shop includes its equipment, with several barbers willing to continue working there.
Property Size2,000 SF
Price / SF$12.50
Days on Market405
Property Features for 630 W Algonquin Road
General Information
Standard status
Active
Size
2,000 SF
Property subtype
COMMERCIAL
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Business Included
Yes
Building Details
Building Size
2,000 SF
Listing Agency:
Keller Williams ONEChicago
(312) 216-2422
Listed By:
Joseph Marella · License #471010653
(847) 692-5889
Source:
Wenzelselectproperties
Added: Sep 24, 2025
Changed: Nov 1
Last Checked: Nov 1 at 3:20PM
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 Keller Williams ONEChicago
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,000-square-foot retail space is occupied by a barber shop whose owner is stepping back from operating the business. The equipment remains with the shop, and several barbers, including the owner, are willing to stay and assist with its operation. A long-term lease is included.
The space is located in a business center and has on-site parking. The property address is 630 W Algonquin Road, Des Plaines, Illinois 60016.
The space is located in a business center and has on-site parking. The property address is 630 W Algonquin Road, Des Plaines, Illinois 60016.
Key Highlights
- 2,000‑square‑foot retail space operating as a barber shop
- Shop equipment is included
- Several barbers, including the owner, are willing to remain
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,760
Suggested Prices Based on Cap Rates
Cap Rate 5%
$555,200
$555.2K
Cap Rate 7%
$396,571
$396.6K
Cap Rate 9%
$308,444
$308.4K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$43.2K $21.60/SF
− Vacancy
−$3.5K −$1.77/SF
EGI
$39.7K $19.83/SF
− OpEx
−$11.9K −$5.95/SF
NOI
$27.8K $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%
$555,200
Cap Rate 7%
$396,571
Cap Rate 9%
$308,444
Alternative Uses
Best Use
Retail
$396.6K
$347.0K – $462.7K
NOI $27,760 @ 7.0% cap · market cap 111.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$690.5K
$604.2K – $805.6K
NOI $48,336 @ 7.0% cap · market cap 193.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
956
Businesses Nearby
50k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Shops & Services 46%
Hotels & Casinos 6%
Mobil
Shops & Services
9,637 visits/mo
0.2 miles
Taco Bell
Dining
8,542 visits/mo
0.4 miles
Burger King
Dining
6,972 visits/mo
0.5 miles
SUBWAY
Dining
5,209 visits/mo
0.4 miles
PNC Bank
Shops & Services
3,653 visits/mo
0.3 miles
Demographics for 60016, IL
61,888
Population
25,613
Households
2.4
Avg Household Size
42
Median Age
43%
College-Educated
89%
High-School Grad
12.1 sq mi
ZIP Area
5,115
Density / Sq Mi
$84,044
Median Household Income
$50,180
Median Earnings
$1,406
Median Rent
$300,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - The established shop includes its equipment, with several barbers willing to continue working there.
Where is this retail space located?
The property is located at 630 W Algonquin Road Des Plaines, IL.
What are key features of this property?
This property features: 2,000‑square‑foot retail space operating as a barber shop; Shop equipment is included; Several barbers, including the owner, are willing to remain
