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    10 Main St East Dundee, IL 60118

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    For Lease
    Contact for pricing

    Prime location, flexible suites, ample parking.

    Lot size:
    18,290 SF

    Property Features for 10 Main St

    General Information

    Property type
    Retail space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,290 SF
    Class
    B
    Total Rate
    26825.33

    Building Details

    Year Built/Renovated
    1970/1988
    Stories
    2

    Spaces For Lease

    at 10 Main St, East Dundee, IL 60118 Contact us
    Unit 217

    $25 /Mo

    Size
    1,107 SF
    Contact us

    We can help!

    Listing Contact
    Sharon Glasshof
    Sharon Glasshof

    Listing Agency: PREMIER COMMERCIAL REALTY Listing Agent: Sharon Glasshof

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional creative office building, located at 10 E. Main Street in East Dundee, Illinois (zip code 60118), offers a variety of flexible suite options in a highly desirable location. The 18,290 square foot, two-story Class B building sits on a 1.32-acre lot and boasts 8-foot ceilings throughout. Built in 1970 and renovated in 1988, the property features circuit breaker power and is zoned B-2. The building is conveniently situated on busy Route 72 (Higgins Road), just minutes from the I-90 interchange, ensuring high traffic counts and excellent visibility. Ample parking is available with 110 spaces located at the rear of the building. Suite sizes range from a minimum of 162 square feet to a maximum contiguous space of 920 square feet. Several suites are available for lease, with varying sizes and rental rates. First-floor suites range from 231 to 567 square feet, with monthly rents ranging from $500 to $1,200, plus utilities as noted. Second-floor suites range from 175 to 539 square feet, with monthly rents ranging from $350 to $1,000, plus utilities as noted. Specific suite details, including square footage and rental rates, are available upon request. The property offers a unique opportunity for businesses seeking a well-located, versatile office space in a thriving community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    AHI Exteriors Roofing Company My Flavor It! ... Restaurant Complete Formalwear Clothing & Fashion Store simpleFoto Photography Service American Postal Workers ... Advocacy Group

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Spa & Massage Center Dental Office Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    East Dundee
    County
    Kane
    State
    Illinois
    Longitude
    -88.275122667854
    Latitude
    42.098245658742

    Nearby Similar for Lease

    • $25 SF/Yr

      New Retail/Office Space in Dundee

      New construction retail/office space in a vibrant downtown location.
      110 N Riv St, East Dundee, IL 60118
      View Details
    • Contact for pricing

      East Dundee Industrial Land

      12-acre industrial site for lease near I-90.
      900 Christina Dr, East Dundee, IL 60118
      View Details
    • $18 SF/Yr
      25,335 SF

      Elgin Mall Office Space Available

      4,400 SF Office, High Traffic Area
      450 Dundee Ave, East Dundee, IL 60118
      View Details
    • $20 SF/Yr
      6,600 SF

      Prime East Dundee Retail Space

      6,600 SF Retail/Office, 1,400 SF Available
      545 Dundee Ave, East Dundee, IL 60118
      View Details

    FAQs

    What type of property is this?
    Retail space - Prime location, flexible suites, ample parking.
    Where is this retail space located?
    The property is located at 10 Main St East Dundee, IL.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: 18,290 SF Class B office building on 1.32-acre lot in East Dundee, IL (60118).; High-traffic location on Route 72, minutes from I-90.; 110 parking spaces.
    (847) 533-6974 Call to check price and availability
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    10 Main St East Dundee, IL 60118
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    Contact for Pricing
    Please call us for current price
    and status of this listing Sharon Glasshof
    Sharon Glasshof
    Real Estate License ID: 471012471
    (847) 533-6974 (847) 854-2300
    Learn more
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