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    1800 Oakton St Elk Grove Village, IL 60007

    Sponsored
    For Lease
    Contact for pricing

    Prime Retail Space, High Traffic Area

    Lot size:
    3,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3,500 square foot retail building, constructed in 2024, presents a unique investment opportunity in the thriving Elk Grove Village submarket. Currently fully vacant, the property offers flexible tenancy options, allowing for either a single occupant to utilize the entire space or division into two 1,200+ square foot units. The building boasts a highly desirable location with exceptional visibility and accessibility, situated on a 0.92-acre lot directly facing a planned 100-room Home2 Suites hotel. This prime location ensures high traffic counts from both Oakton Street and Busse Road, providing significant exposure to potential customers. Further enhancing its appeal, the property includes a drive-thru capability, a significant advantage for many retail and restaurant concepts. The single-story building is easily accessible and offers ample space for various business types. Its proximity to O'Hare International Airport adds to its strategic location and potential for attracting a wide customer base. This is an unparalleled chance to establish a thriving business in a high-growth area with excellent visibility and convenient access. The property is ready for immediate occupancy.

    Property Features for 1800 Oakton St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,500 SF

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    3,500 SF

    HighLights

    • 3,500 SF retail building in Elk Grove Village, newly constructed in 2024.
    • Drive‑thru available.
    • Divisible into two 1,200 SF units.
    • High traffic location at Oakton Street and Busse Road.
    • Proximity to O'Hare International Airport and a future 100‑room Home2 Suites hotel.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Hair Salon Wholesale Shop Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elk Grove Village
    County
    Cook
    State
    Illinois
    Longitude
    -87.959774697861
    Latitude
    42.022670517065

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    FAQs

    What type of property is this?
    Restaurant - Prime Retail Space, High Traffic Area
    Where is this restaurant located?
    The property is located at 1800 Oakton St Elk Grove Village, IL.
    What are key features of this property?
    This property features: 3,500 SF retail building in Elk Grove Village, newly constructed in 2024.; Drive-thru available.; Divisible into two 1,200 SF units.
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    1800 Oakton St Elk Grove Village, IL 60007
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    Elk Grove Village, IL 60007
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1800 Oakton St Elk Grove Village, IL 60007
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