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    840 Main St Glen Ellyn, IL 60137

    Sponsored
    For Sale
    $5,650,000

    High-traffic Walgreens, strong NOI, excellent location.

    Property size:
    14,543 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 14,543 square foot Walgreens located at 840 N Main St, Glen Ellyn, IL 60137, a thriving Chicago suburb. Boasting a 7.43% cap rate and a strong NOI of $420,000, this property offers significant return potential. The single-tenant, net-leased property features a Walgreens corporate guarantee, ensuring consistent rental income through March 31, 2030, with seven, five-year extension options. Situated on a 1.549-acre lot at a signalized corner of St. Charles Road and Main Street, this location benefits from high visibility and over 20,000 vehicles daily. The affluent area boasts a 5-mile population exceeding 302,000, with a median household income of $118,208. Proximity to four hospitals within a 15-minute radius further enhances the property's value by supporting prescription demand. The convenient drive-thru lane adds to the property's appeal and operational efficiency. Built in 2004, this Walgreens offers a combination of strong financial performance, a secure lease, and a prime location in a high-growth market, making it an ideal investment for discerning buyers.

    Property Features for 840 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    14,543 SF
    Lot Size
    67,474 SF

    Building Details

    Year Built
    2004

    HighLights

    • $5,650,000 asking price, 7.43% cap rate, $420,000 NOI.
    • High‑traffic corner lot in Glen Ellyn, IL (St. Charles Rd & Main St), over 20,000 vehicles daily, 5‑mile population over 302,000.
    • Four hospitals within 15 minutes, driving prescription demand.
    • Affluent Glen Ellyn, IL location (median household income $118,208), 24 miles west of downtown Chicago, 10 miles southwest of O'Hare.
    • Walgreens corporate‑guaranteed lease, including a drive‑thru lane.
    Property Profile Location Intelligence

    Current Use by Public Records

    Drug stores

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Glen Ellyn
    County
    DuPage
    State
    Illinois
    Longitude
    -88.064047357342
    Latitude
    41.890294978056

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic Walgreens, strong NOI, excellent location.
    Where is this individual retail property located?
    The property is located at 840 Main St Glen Ellyn, IL.
    What is the asking price?
    The asking price for this property is $5,650,000.
    What are key features of this property?
    This property features: $5,650,000 asking price, 7.43% cap rate, $420,000 NOI.; High-traffic corner lot in Glen Ellyn, IL (St. Charles Rd & Main St), over 20,000 vehicles daily, 5-mile population over 302,000.; Four hospitals within 15 minutes, driving prescription demand.
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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
    840 Main St Glen Ellyn, IL 60137
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