Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2.1 Confidential Mount Prospect, IL 60056
    Back to Search
    Property profile & analytics

    2.1 Confidential Mount Prospect, IL 60056

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 2.1 Confidential

    Property type
    Retail properties & Spaces
    Property subtype
    Grocery and convenience stores

    Description

    This exceptional owner-user opportunity presents a thriving gas station and convenience store located in Mount Prospect, Illinois (zip code 60056), Cook County. The property, situated on a busy corner with high daily traffic counts, boasts a single-story building encompassing a well-established business. Annual sales figures demonstrate consistent profitability, averaging 500,000 gallons of fuel sold per year and $500,000 in convenience store revenue. The property includes four steel fuel tanks and benefits from a current supply agreement with six years remaining. The asking price of $2,100,000 includes both the real estate and the established business, excluding inventory. The property is zoned for commercial retail use, making it an ideal investment for an owner-operator seeking a turnkey operation in a prime location. This is a rare opportunity to acquire a profitable, established business with significant growth potential. Serious inquiries only. Principals only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mount Prospect
    County
    Cook
    State
    Illinois
    Longitude
    -87.9384
    Latitude
    42.0647

    Comparable in this City

    • Value Estimation by Request
      0.60 Acres

      927 Busse Rd

      GAS STATION • 0.60 Acres
      927 Busse Rd, Mount Prospect, IL 60056-4006
      View Details
    • Value Estimation by Request
      0.65 Acres

      1740 Dempster St

      GAS STATION • 0.65 Acres
      1740 Dempster St, Mount Prospect, IL 60056-4802
      View Details
    • Value Estimation by Request
      0.87 Acres

      1798 Elmhurst Rd

      GAS STATION • 0.87 Acres
      1798 Elmhurst Rd, Mount Prospect, IL 60056-5710
      View Details
    • Value Estimation by Request
      1.20 Acres

      300 Kensington Rd

      GAS STATION • 1.20 Acres
      300 Kensington Rd, Mount Prospect, IL 60056-1134
      View Details
    • Value Estimation by Request
      0.54 Acres

      1201 Central Rd

      GAS STATION • 0.54 Acres
      1201 Central Rd, Mount Prospect, IL 60056-2648
      View Details
    • Value Estimation
      $545,000
      1,248 SF

      1050 Enw Hwy

      GAS STATION • 1,248 SF
      1050 Enw Hwy, Mount Prospect, IL 60056-3445
      View Details

    Similar Nearby for Sale

    • $2,100,000

      Established Gas Station For Sale

      Operating gas station in northwest suburbs with high traffic.
      2.1 Confidential, Mt Prospect, IL 60056
      View Details
    • Contact for pricing
      6,809 SF

      Retail Property in Mount Prospect

      Retail property with strong tenant lineup in Chicago MSA.
      1065-1069 N Elmhurst Rd, Mount Prospect, IL 60056
      View Details
    • Contact for pricing
      9,260 SF

      Randhurst Village Outparcel Opportunity

      Outparcel to super-regional mixed-use center in Chicago MSA.
      102-118 E Kensington Rd, Mt Prospect, IL 60056
      View Details
    • Contact for pricing

      Retail Spaces on Northwest Highway

      Retail spaces with frontage on Northwest Highway.
      2 East Northwest Hwy, Mount Prospect, IL 60056
      View Details
    • Contact for pricing
      16,568 SF

      Mount Prospect Office/Warehouse Building

      16,568 RSF building with office and warehouse space.
      1040 W Northwest Hwy, Mount Prospect, IL 60056
      View Details
    • Contact for pricing
      16,568 SF

      Mount Prospect Office/Warehouse Building

      16,568 SF building with office and warehouse space.
      1040 W Northwest Hwy, Mount Prospect, IL 60056
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      33,414 SF

      Retail Space on Rand Road

      Grocery store space with high visibility and loading dock.
      201-225 W Rand Rd, Mt Prospect, IL 60056
      View Details
    • Contact for pricing
      1,225 SF

      Mount Prospect Retail Space Available

      Retail space in a grocery and soft-goods anchored shopping center.
      940-1100 E Rand Rd, Mount Prospect, IL 60056
      View Details
    • Contact for pricing
      2,750 SF

      Drive-Thru Restaurant Opportunity

      2,900 SF drive-thru restaurant available for lease.
      1518 Elmhurst Rd, Mt Prospect, IL 60056
      View Details
    • Contact for pricing
      4,182 SF

      Retail Space in Mount Prospect

      Retail space available in a busy Mount Prospect shopping center.
      1000-1080 S Elmhurst Rd, Mount Prospect, IL 60056
      View Details
    • Contact for pricing
      1,497 SF

      Retail Space in Randhurst Village

      Open-air mixed-use center with retail, cinema, office, and hotel.
      125-157 Randhurst Village Dr, Mt Prospect, IL 60056
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space on Golf Road

      Retail space available for lease on Golf Road.
      1710-1790 W Golf Rd, Mt Prospect, IL 60056
      View Details
    Request Owner's contact information
    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.
    2.1 Confidential
    Mount Prospect, IL 60056
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2.1 Confidential, Mount Prospect, IL, 60056
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!