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    47 Dundee Rd Wheeling, IL 60090

    Sponsored
    For Sale
    $1,100,000

    Prime Medical Office, High Visibility

    Property size:
    8,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a two-story, 8,800 square foot Class B medical office building located at 47 W Dundee Rd in Wheeling, Illinois. Built in 1976, the property sits on a 0.68-acre lot and boasts high visibility with exposure to approximately 30,000 vehicles daily on Dundee Road. The building is zoned B3 and offers ample parking. A significant advantage is the inclusion of 2,000 square feet of fully equipped, move-in-ready medical space, ideal for owner-occupiers. The property's strategic location near the intersection of Dundee and S Wolf Roads provides swift access to I-294 and proximity to One Wheeling Town Center, offering various amenities including dining, entertainment, and residential options. The asking price is $1,100,000, translating to $125 per square foot. This presents a compelling opportunity for investors seeking a well-located, established medical office building with significant upside potential. Signage opportunities along Dundee Road further enhance the property's marketing appeal.

    Property Features for 47 Dundee Rd

    General Information

    Property type
    Medical offices
    Square Feet
    8,800 SF
    Class
    B
    Lot Size
    29,621 SF

    Building Details

    Year Built
    1976
    Stories
    2

    HighLights

    • 8,800 SF Class B medical office building with 2,000 SF of move‑in ready medical space.
    • High‑visibility location on Dundee Road, with exposure to 30,000+ vehicles daily, offering excellent signage opportunities.
    • Ample parking.
    • Prime location near I‑294 and One Wheeling Town Center, providing convenient access to amenities.
    • Asking price: $1,100,000 ($125/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Protecta Servicios Financial Planner FJP Insurance Agency Insurance Agency Excel Rehabilitation Services Physical Therapy Clinic Senior Home Health ... Home Health Care Service Alicja Baczyk Ogledzinski Physical Therapist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Wheeling
    County
    Cook
    State
    Illinois
    Longitude
    -87.9173536
    Latitude
    42.1391674

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office, High Visibility
    Where is this medical office located?
    The property is located at 47 Dundee Rd Wheeling, IL.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: 8,800 SF Class B medical office building with 2,000 SF of move-in ready medical space.; High-visibility location on Dundee Road, with exposure to 30,000+ vehicles daily, offering excellent signage opportunities.; Ample parking.
    Request Owner's contact information
    47 Dundee Rd Wheeling, IL 60090
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    Wheeling, IL 60090
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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
    47 Dundee Rd Wheeling, IL 60090
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