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    82 Dundee Rd Wheeling, IL 60090

    Sponsored
    For Lease
    $15 SF/Yr

    High-traffic location, multiple spaces available

    Lot size:
    16,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 16,000-square-foot property at 82-106 E Dundee Road in Wheeling, Illinois, presents a unique investment opportunity. The building, zoned for retail use, offers a flexible layout suitable for various commercial ventures, including retail, industrial, and restaurant uses. Currently, there are two available spaces ranging from 2,000 to 5,500 square-foot, totaling 7,500 square feet of vacant space. The property sits on a 4-acre lot and includes 75 parking spaces, ensuring ample convenience for customers and employees. Annual property taxes are $4 per square foot. Benefit from the high-traffic location on Dundee Road, boasting approximately 30,000 vehicles per day. The property enjoys excellent demographics, with a population of 39,645 within a 2-mile radius and 249,502 within a 5-mile radius. Average household incomes in these areas are $104,436 and $137,947, respectively. Strategically located three blocks west of Milwaukee Avenue and one block east of Wolf Road, this property offers unparalleled accessibility. The Wheeling Train Station is conveniently located just 0.7 miles away, providing easy access to public transportation. This property is ideal for businesses seeking high visibility and a strong customer base in a thriving community.

    Property Features for 82 Dundee Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,000 SF
    Total Rate
    20266.67

    Unit(s) available at that property

    Space
    Available Space 2
    Size
    0 SF
    Rate per SF
    $15
    Space
    Available Space 1
    Size
    2,000 SF
    Rate per SF
    $15

    HighLights

    • High‑bay warehouse units with rear loading capabilities.
    • Newly renovated in 2024.
    Property Profile Location Intelligence

    Current Use by Public Records

    NAPA Auto Parts ... Auto Parts Store Kalwaria Furniture Furniture Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Wheeling
    County
    Cook
    State
    Illinois
    Longitude
    -87.913701169694
    Latitude
    42.139574444439

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    FAQs

    What type of property is this?
    Restaurant - High-traffic location, multiple spaces available
    Where is this restaurant located?
    The property is located at 82 Dundee Rd Wheeling, IL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: High-bay warehouse units with rear loading capabilities.; Newly renovated in 2024.;
    Request Owner's contact information
    82 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
    82 Dundee Rd Wheeling, IL 60090
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