Glen Ellyn Retail
For Sale
Contact for pricing
840 N Main St, Glen Ellyn, IL 60137
Retail space available for sale in Glen Ellyn, Illinois.
Property Size14,543 SF
Price / SF$288.80
Days on Market871
Property Features for 840 N Main St
General Information
Standard status
Active
Size
14,543 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Net Operating Income
$420,000
Building Details
Year Built
2004
Tenancy
Single
Listing Agency:
RE/MAX Plaza
(262) 249-3000
Listed By:
Sean Dimiceli · License #IL 471014812
Source:
Crexi
Added: Apr 3, 2024
Changed: Aug 13
Last Checked: Aug 20 at 12:37PM
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 RE/MAX Plaza
Investment Insights
Based on property information with market context.
A retail space located at 840 N Main St, Glen Ellyn, IL 60137 is available for sale. The property offers 14543 square feet of space.
Key Highlights
- Retail space available for sale.
- Located in Glen Ellyn, Illinois.
- Built in 2004.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$201,859
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,037,180
$4.0M
Cap Rate 7%
$2,883,700
$2.9M
Cap Rate 9%
$2,242,878
$2.2M
Market Conditions
NOI Build-Up for 14,543 SF
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.
Gross rent
$314.1K $21.60/SF
− Vacancy
−$25.8K −$1.77/SF
EGI
$288.4K $19.83/SF
− OpEx
−$86.5K −$5.95/SF
NOI
$201.9K $13.88/SF
Area
DuPage 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,037,180
Cap Rate 7%
$2,883,700
Cap Rate 9%
$2,242,878
Alternative Uses
Best Use
Retail
$2.88M
$2.52M – $3.36M
NOI $201,859 @ 7.0% cap · market cap 4.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.02M
$4.39M – $5.86M
NOI $351,472 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
285
Businesses Nearby
1k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Extra Space Storage
Shops & Services
1,327 visits/mo
0.4 miles
Demographics for 60137, IL
38,985
Population
15,049
Households
2.6
Avg Household Size
41
Median Age
64%
College-Educated
95%
High-School Grad
11.0 sq mi
ZIP Area
3,544
Density / Sq Mi
$131,695
Median Household Income
$68,931
Median Earnings
$1,321
Median Rent
$490,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space available for sale in Glen Ellyn, Illinois.
Where is this retail space located?
The property is located at 840 N Main St Glen Ellyn, IL.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: Retail space available for sale.; Located in Glen Ellyn, Illinois.; Built in 2004.
