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    47 Dundee Rd Wheeling, IL 60090

    Sponsored
    For Lease
    $15 SF/Yr ($11,000 /Mo)

    8,800 SF, Multi-Tenant, Move-In Ready

    Lot size:
    8,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional 8,800 square foot medical office building, located at 47 W Dundee Rd in Wheeling, Illinois (zip code 60090), presents a compelling investment opportunity. Constructed in 1976, this two-story building sits on a 0.67-acre lot and enjoys a prime location near the intersection of Dundee and S Wolf Roads, providing excellent visibility to the approximately 30,000 vehicles that travel Dundee Road daily. The property's strategic position offers convenient access to I-294, enhancing its appeal to both tenants and investors. Currently configured as a multi-tenant facility, the building includes 2,000 square feet of immediately available, fully equipped space ideal for dental or medical practices seeking a turnkey solution. This move-in ready suite represents a significant advantage for owner-users. The property's features make it attractive to a diverse range of medical and office tenants. The sale includes the fee simple interest in the property. This is a rare opportunity to acquire a well-located, established medical office building with immediate occupancy potential in a thriving Illinois community. The building's total square footage is 8,800 square feet.

    Property Features for 47 Dundee Rd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,800 SF
    Total Rate
    11000

    Building Details

    Year Built
    1976

    Unit(s) available at that property

    Space
    Suite 1N
    Size
    2,000 SF
    Rate per SF
    $25
    Space
    Suite 2SE
    Size
    550 SF
    Rate per SF
    $15
    Space
    Suite 1S
    Size
    1,722 SF
    Rate per SF
    $15

    HighLights

    • 8,800 SF medical office building with 2,000 SF of fully equipped, move‑in ready dental/medical space.
    • Excellent visibility and signage opportunities on Dundee Road, with daily exposure to approximately 30,000 vehicles.
    • Ample parking available.
    • Prime location near I‑294 and One Wheeling Town Center.
    • Move‑in ready dental space available.
    • Attractive rental rates and flexible lease terms.
    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 - 8,800 SF, Multi-Tenant, Move-In Ready
    Where is this medical office located?
    The property is located at 47 Dundee Rd Wheeling, IL.
    What is the lease rate?
    The lease rate is $15-$25 SF/Yr.
    What are key features of this property?
    This property features: 8,800 SF medical office building with 2,000 SF of fully equipped, move-in ready dental/medical space.; Excellent visibility and signage opportunities on Dundee Road, with daily exposure to approximately 30,000 vehicles.; Ample parking available.
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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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