Three-Suite Storefront
8 S Prospect Avenue, Clarendon Hills, IL 60514
For Sale
$990,000
Pending
B-1-zoned commercial building with multiple suites, basement work areas, and a vacant suite available for occupancy.
Property Size3,528 SF
Days on Market53
Property Features for 8 S Prospect Avenue
General Information
Standard status
Size
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
Compass
Listed By:
Ann Pancotto · License #475121718
(630) 974-6750
Source:
Loncarrealty
Added: Sep 18
Changed: Nov 7
Last Checked: Nov 8 at 3:08PM
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 Compass
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Investment Insights
Based on property information with market context.
Constructed in 1924, this storefront property contains three suites and is zoned B-1. Suites 6 and 8 each provide 1,614 square feet on the first level, along with an equal amount of basement space for storage or work use. Both suites include a bathroom, a small first-floor office, and 12-foot ceilings. Suite 6 is vacant and conveys with the items remaining in place. Suite 6 1/2 includes an office and reception area.
The building is located in downtown Clarendon Hills near the train station. The property is being offered in its existing condition, with the building described as being in good shape. Its combination of storefront suites, first-floor offices, and lower-level work areas supports a range of commercial configurations within the B-1 zoning district.
The building is located in downtown Clarendon Hills near the train station. The property is being offered in its existing condition, with the building described as being in good shape. Its combination of storefront suites, first-floor offices, and lower-level work areas supports a range of commercial configurations within the B-1 zoning district.
Key Highlights
- Three‑suite storefront building in downtown Clarendon Hills
- Suites 6 and 8 each include 1,614 square feet on the first level
- Each of Suites 6 and 8 has equal basement space for storage or work use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,623
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$992,460
$992.5K
Cap Rate 7%
$708,900
$708.9K
Cap Rate 9%
$551,367
$551.4K
Market Conditions
NOI Build-Up for 3,528 SF
Gross rent
$77.5K $21.96/SF
− Vacancy
−$6.6K −$1.87/SF
EGI
$70.9K $20.09/SF
− OpEx
−$21.3K −$6.03/SF
NOI
$49.6K $14.07/SF
Area
DuPage County, IL
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$992,460
Cap Rate 7%
$708,900
Cap Rate 9%
$551,367
Alternative Uses
Best Use
Retail
$708.9K
$620.3K – $827.1K
NOI $49,623 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$962.0K
$841.8K – $1.12M
NOI $67,341 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
448
Businesses Nearby
4k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 62%
Dining 38%
Domino's Pizza
Dining
1,553 visits/mo
0.2 miles
Learning Express
Shops & Services
1,392 visits/mo
0.2 miles
Hallmark
Shops & Services
1,125 visits/mo
0.2 miles
Demographics for 60514, IL
10,320
Population
4,030
Households
2.6
Avg Household Size
41
Median Age
74%
College-Educated
99%
High-School Grad
2.0 sq mi
ZIP Area
5,160
Density / Sq Mi
$114,672
Median Household Income
$75,028
Median Earnings
$1,195
Median Rent
$568,300
Median Home Value
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Market
Properties on Market for Storefront properties in DuPage County
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- The English Garden Flower Shop — 14 S Prospect Ave, Clarendon Hills, IL 60514
Frequently Asked Questions
What type of property is this?
Storefront property - B-1-zoned commercial building with multiple suites, basement work areas, and a vacant suite available for occupancy.
Where is this storefront property located?
The property is located at 8 S Prospect Avenue Clarendon Hills, IL.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Three‑suite storefront building in downtown Clarendon Hills; Suites 6 and 8 each include 1,614 square feet on the first level; Each of Suites 6 and 8 has equal basement space for storage or work use
