Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    509 Main St West Dundee, IL 60118

    Sponsored
    For Sale
    $410,000

    Prime location, high rental income.

    Property size:
    2,248 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This attractive mixed-use property, located at 509 W Main St, West Dundee, IL 60118, presents a compelling investment opportunity. The 2,248 square foot building, constructed in 1891 and renovated in 2017, sits on a 0.21-acre lot and boasts 18 parking spaces. Zoned for general commercial use, it offers a blend of residential and commercial space. The first floor encompasses 1,124 square feet of office space, currently generating $2,700 per month in rental income (or suitable for owner-occupancy). The second floor features apartments generating $1,550 per month in short-term rental income. The property's high visibility on Route 72/Main Street, adjacent to Grafelman Park Tennis Courts, ensures strong tenant demand. For owner-occupied purchases, SBA 504 financing is available. The estimated monthly payment (PITI), including principal, interest, taxes, and insurance, is approximately $3,003 (with an approximate $2,300 P&I payment, $561 in property taxes, and $142 in insurance). This two-story building offers a unique chance to combine business operations with lucrative rental income streams, making it an ideal investment for both owner-users and investors. The property features one building with a total of 2,248 square feet of net rentable space.

    Property Features for 509 Main St

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,248 SF
    Lot Size
    9,148 SF

    Building Details

    Year Built/Renovated
    1891/2017
    Buildings
    1
    Stories
    2

    HighLights

    • SBA 504 financing available for owner‑occupied purchase.
    • Mixed‑use property with high visibility on Route 72/Main Street in West Dundee, IL, near Grafelman Park Tennis Courts.
    • First‑floor office space: 1,124 square feet, potential for $2,700/month rental income.
    • Second‑floor apartments generate $1,550/month in short‑term rental income.
    • Estimated PITI: $3,003/month.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    West Dundee
    County
    Kane
    State
    Illinois
    Longitude
    -88.2832136
    Latitude
    42.0978577

    Nearby Comparable

    • $985,000
      5,788 SF

      West Dundee Creative Office Building

      Prime West Dundee Office, 5,788 SF, 100% Occupied
      180 8 St, West Dundee, IL 60118
      View Details
    • Contact for pricing
      10,418 SF

      Spring Hill Executive Suites For Sale

      Spring Hill Executive Suites For Sale
      600 Spring Hill Ring Road, West Dundee, IL 60118
      View Details
    • $3,300,000
      15,000 SF

      Spring Hill Executive Suites

      15,000 SF Office/Retail Investment
      600 Spg Hl Ring Rd, West Dundee, IL 60118
      View Details
    • $675,000
      6,000 SF

      Contractor Yard with Steel Building

      6,000 SF steel building on 1.13 acres for sale.
      1050 Tamarac Dr, Carpentersville, IL 60110
      View Details
    • $675,000
      6,000 SF

      Prime Contractor Yard - Carpentersville, IL

      Spacious 6,000 SF building, 1.13-acre lot, great potential.
      1050 Tamarac Dr, Carpentersville, IL 60110
      View Details
    • Contact for pricing
      15.00 Acres

      Canterfield Corporate Campus Land

      Prime Industrial Land, I-90 Access
      31 & I-90 Rte, Carpentersville, IL 60118
      View Details
    • $2,000,000

      Prime Carpentersville Commercial Land

      12.935 Acres, High Traffic, C-2 Zoning
      0 Swc Huntly Rd & Longmeadow Pkwy, Carpentersville, IL 60110
      View Details
    • $150,000
      1.92 Acres

      Route 31 Carpentersville Commercial Land

      1.92 Acres, C-1 Zoning, High Traffic
      0 State Rte 31, Carpentersville, IL 60110
      View Details
    • Contact for pricing
      150.00 Acres

      Prime East Dundee Data Center Land

      150-acre site, abundant utilities
      1011 Main St, East Dundee, IL 60118
      View Details

    Nearby Similar for Sale

    • $985,000
      8,438 SF

      West Dundee Office/Retail Investment

      5,788 SF office/retail building with full basement for sale.
      180 South 8 St, West Dundee, IL 60118
      View Details
    • Contact for pricing
      255,142 SF

      West Dundee Industrial Building

      255,142 SF industrial building with convenient access to I-90.
      4101 Canterfield Pkwy E, West Dundee, IL 60118
      View Details
    • $1,250,000
      8,161 SF

      Turnkey Restaurant with River Views

      Fully equipped restaurant in downtown West Dundee with scenic views.
      98 W Main St, West Dundee, IL
      View Details
    • Contact for pricing
      50,000 SF

      Multi-Tenant Trucking Center For Sale

      56-acre trucking center with repair, parking, and fueling stations.
      West Dundee, IL 60123
      View Details
    • $985,000
      8,438 SF

      West Dundee Office Building For Sale

      8,438 SF office building in prime West Dundee location.
      180 S 8 St, West Dundee, IL
      View Details
    • $985,000
      5,788 SF

      West Dundee Creative Office Building

      Prime West Dundee Office, 5,788 SF, 100% Occupied
      180 8 St, West Dundee, IL 60118
      View Details
    • Contact for pricing
      10,418 SF

      Spring Hill Executive Suites For Sale

      Spring Hill Executive Suites For Sale
      600 Spring Hill Ring Road, West Dundee, IL 60118
      View Details
    • $3,300,000
      15,000 SF

      Spring Hill Executive Suites

      15,000 SF Office/Retail Investment
      600 Spg Hl Ring Rd, West Dundee, IL 60118
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Prime location, high rental income.
    Where is this multifamily property located?
    The property is located at 509 Main St West Dundee, IL.
    What is the asking price?
    The asking price for this property is $410,000.
    What are key features of this property?
    This property features: SBA 504 financing available for owner-occupied purchase.; Mixed-use property with high visibility on Route 72/Main Street in West Dundee, IL, near Grafelman Park Tennis Courts.; First-floor office space: 1,124 square feet, potential for $2,700/month rental income.
    Request Owner's contact information
    509 Main St West Dundee, IL 60118
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    509 Main St
    West Dundee, IL 60118
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    509 Main St West Dundee, IL 60118
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.