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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

210 Penny Ave East Dundee, IL 60118

10,000 SF 1.5 ac lot Built 1997
Property ID
Property summary
AI-generated overview

This exceptional Class A, single-story Spring Water Retail Center in East Dundee, IL, offers 10,000 square feet of versatile space ideal for medical, executive, or creative office uses, or retail and restaurant businesses. Built in 1997 and extensively renovated in 2022, the property boasts 12-foot ceilings and features six suites, with two available spaces ranging from 1,250 to 2,500 contiguous square feet. A total of 2,500 square feet is currently vacant. The 1.5-acre lot (65,340 square feet) provides ample parking with 55 spaces. Located at 210 Penny Ave, East Dundee, IL 60118, this property benefits from a high historical occupancy rate and excellent visibility, situated near the intersection of Higgins Road (Route 72), experiencing over 30,000 vehicles daily. Its proximity to historic downtown East Dundee and 254 apartment units within a two-mile radius ensures a strong customer base. The property features 220-volt power and benefits from extremely low Kane County taxes ($1.70 per square foot). B-2 zoning allows for a variety of uses. This is a prime opportunity for businesses seeking a well-maintained, conveniently located space in a thriving community.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1997
Total area 10,000 SF
Lot 1.5 ac (65,340 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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