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    600 Spg Hl Ring Rd West Dundee, IL 60118

    For Sale
    $3,300,000

    15,000 SF Office/Retail Investment

    Property size:
    15,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional one-story, 15,000 square foot commercial property, located at 600 Spring Hill Ring Rd, West Dundee, IL 60118, presents a compelling investment opportunity. Built in 1990, this Class B building sits on a 1.01-acre lot and boasts 96.7% occupancy under a modified lease structure with multiple tenants. The property is zoned B-2, allowing for versatile use as office or retail space. Its prime location offers high visibility and easy access to major thoroughfares, attracting significant foot traffic from nearby businesses and residential areas. The asking price is $3,300,000, representing a 7.50% cap rate. The property features ample parking and a modern layout, making it an attractive option for a variety of businesses. This freestanding building offers a strong return on investment in a thriving Kane County location. The property's strategic position ensures consistent traffic and growth potential, making it an ideal acquisition for investors seeking a stable and profitable commercial asset. This multi-tenant property offers a diverse revenue stream and significant upside potential.

    Property Features for 600 Spg Hl Ring Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    15,000 SF
    Class
    B
    Lot Size
    43,996 SF

    Building Details

    Year Built
    1990
    Buildings
    1
    Stories
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Freestanding property

    Map

    City
    West Dundee
    County
    Kane
    State
    Illinois
    Longitude
    -88.30027537876
    Latitude
    42.101722221931

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    FAQs

    What type of property is this?
    Individual retail property - 15,000 SF Office/Retail Investment
    Where is this individual retail property located?
    The property is located at 600 Spg Hl Ring Rd West Dundee, IL.
    What is the asking price?
    The asking price for this property is $3,300,000.
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    600 Spg Hl Ring Rd West Dundee, IL 60118
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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
    600 Spg Hl Ring Rd West Dundee, IL 60118
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