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    450 Dundee Ave East Dundee, IL 60118

    Sponsored
    For Lease
    $18 SF/Yr

    4,400 SF Office, High Traffic Area

    Lot size:
    25,335 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4,400 square foot commercial space is ideally situated adjacent to the Elgin Mall in the Randall Rd. submarket. The property boasts a Class A rating, single tenancy, and is part of a larger 25,335 square foot building on a 5.5-acre lot. The building features a high ceiling and an existing coin laundry, complete with all plumbing and mechanicals in place. The current owner is willing to remove the laundry equipment to accommodate other retail or service-based businesses. The property offers ample parking with 500 spaces, recently striped and sealed. Its prime location within the high-traffic River Valley Square shopping mall ensures excellent visibility and accessibility. The site benefits from its proximity to downtown Elgin and the river, as well as the high traffic volume of Route 72 and Route 25 (over 41,000 vehicles daily). Further enhancing its appeal are its proximity to Historic Downtown East Dundee and the presence of over 254 apartment units within a two-mile radius. The property is zoned for Retail/Office use and enjoys the benefit of low Kane County taxes. This presents a unique opportunity for businesses seeking a high-visibility location with substantial parking and existing infrastructure. The single-story building offers flexibility for a variety of uses, including traditional office, executive office, coworking, medical office, or creative office spaces. The property's strategic location and amenities make it an attractive investment opportunity.

    Property Features for 450 Dundee Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    25,335 SF
    Class
    A
    Total Rate
    40008.19

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    4,400 SF
    Rate per SF
    $19

    HighLights

    • 4,400 SF of vacant space available in a Class A, single‑tenant retail/office building.
    • Building totals 25,335 SF on 5.5 acres, with 500 parking spaces.
    • Located adjacent to Elgin Mall in the Randall Rd. submarket, offering high visibility and traffic counts exceeding 41,000 vehicles daily.
    • Features an existing coin laundry, with all plumbing and mechanicals in place; owner willing to remove for suitable tenants.
    • Excellent location near downtown Elgin, the Fox River, and I‑90 (3 miles).
    Property Profile Location Intelligence

    Current Use by Public Records

    Seneca Health Center Medical Center Deals of the day Discount Store Stephen Gladdin MD Obstetrician-Gynecologist Dr. Hepsi V. ... Internist Dr. Janice M. ... Internist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    East Dundee
    County
    Kane
    State
    Illinois
    Longitude
    -88.259185092493
    Latitude
    42.097048416399

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    Nearby Similar for Lease

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    FAQs

    What type of property is this?
    Office space - 4,400 SF Office, High Traffic Area
    Where is this office space located?
    The property is located at 450 Dundee Ave East Dundee, IL.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: 4,400 SF of vacant space available in a Class A, single-tenant retail/office building.; Building totals 25,335 SF on 5.5 acres, with 500 parking spaces.; Located adjacent to Elgin Mall in the Randall Rd. submarket, offering high visibility and traffic counts exceeding 41,000 vehicles daily.
    Request Owner's contact information
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    East 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
    450 Dundee Ave East Dundee, IL 60118
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