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    300-314 Main St Carpentersville, IL 60110

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    For Lease
    Contact for pricing

    Carpentersville, IL retail space available.

    Lot size:
    11,814 SF

    Property Features for 300-314 Main St

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,814 SF
    Class
    B
    Total Rate
    11814

    Building Details

    Year Built
    2005
    Buildings
    1

    Spaces For Lease

    at 300-314 Main St, Carpentersville, IL 60110 Contact us
    Unit 302

    $12 /Mo

    Size
    1,786 SF
    Contact us
    Unit 306

    $12 /Mo

    Size
    1,295 SF
    Contact us

    We can help!

    Listing Contact
    Joel Miller, Ccim
    Joel Miller, Ccim

    Listing Agent: Joel Miller, Ccim

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

    Learn more

    Overview

    Main Street Plaza, located at 300-314 W Main St, Carpentersville, IL 60110, offers 11,814 square feet of retail space in a Class B, single-building strip center constructed in 2005. This Kane County property features eight suites, with available spaces ranging from 1,295 to 4,603 contiguous square feet. The center boasts upscale brick construction and high visibility from Main Street (Huntly Rd), benefiting from its prime location across from Spring Hill Mall and Home Depot. Current tenants include Las Quecas Mexican Restaurant, State Farm Insurance, and Royals Cafe, creating a strong tenant mix and established customer base. The property offers convenient access to regional transportation via Main St/Huntley Rd, Route 31, and Route 72. The property's APN is 03-21-227-035. This versatile space is suitable for a variety of retail, office, medical, or spa uses. The property is situated in the Chicago - Northwest submarket cluster, within the Chicago submarket. Two spaces are currently available. This presents a unique opportunity for businesses seeking high visibility and convenient access in a thriving Carpentersville neighborhood.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Carpentersville
    County
    Kane
    State
    Illinois
    Longitude
    -88.2982241
    Latitude
    42.1085251

    Nearby Similar for Lease

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      33,296 SF

      Retail Space on Randall Road

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      2255-2283 Randall Rd, Carpentersville, IL 60110
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      16,582 SF

      Freestanding Manufacturing Facility For Rent

      Well-located 16,582 SF manufacturing facility with I-90 access.
      1013 Tamarac Dr, Carpentersville, IL 60110
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      33,296 SF

      Prime Retail Space, Carpentersville IL

      High-traffic location, multiple suites available.
      2255 Randall Rd, Carpentersville, IL 60110
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      11,390 SF

      Huntley Road Retail Space Available

      Prime Carpentersville retail space, 1,260-2,380 sq ft.
      7000 Huntley Rd, Carpentersville, IL 60110
      View Details

    FAQs

    What type of property is this?
    Neighborhood center - Carpentersville, IL retail space available.
    Where is this neighborhood center located?
    The property is located at 300-314 Main St Carpentersville, IL.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Prime Huntley Road (Main St) location.; High-quality brick construction.; Exceptional street visibility.
    (630) 938-4950 Call to check price and availability
    Request Owner's contact information
    300-314 Main St Carpentersville, IL 60110
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    Carpentersville, IL 60110
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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
    300-314 Main St Carpentersville, IL 60110
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    Contact for Pricing
    Please call us for current price
    and status of this listing Joel Miller, Ccim
    Joel Miller, Ccim
    Real Estate License ID: 475152032
    (630) 938-4950 (630) 270-6949
    Learn more
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