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Property profile & analytics
FOR LEASE
Community centers

1 Huntington Ln Wheeling, IL 60090

3.69 ac lot Built 1989
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US28-2736634
Property summary
AI-generated overview

This exceptional Class A retail center, totaling 40,000 square feet on 5 acres, is situated at the highly visible northeast corner of Dundee Road and Huntington Lane in Wheeling, Illinois. The single-story building, renovated in 2021, boasts a 14-foot ceiling height and offers multiple tenancy options ranging from 1,120 to 4,341 square feet (larger spaces may be available). Benefit from a signalized intersection, ample parking (178 spaces), and a prominent lighted monument sign. The property enjoys excellent visibility from Dundee Road and is strategically located within a dense residential and commercial area with strong demographics, supported by US Census projections of significant household growth over the next five years. Conveniently located 2.5 miles east of I-53 and 1.5 miles west of the Wheeling train station, the center is also served by Pace Bus route #234. The property's attractive landscaping and recently installed LED exterior lighting enhance its curb appeal. Wheeling itself is rated highly as a place to live, further solidifying this location's desirability. The zoning is commercial. This is a rare opportunity to secure retail space in a thriving community.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1989
Lot 3.69 ac (160,736 SF)
APN 03-04-400-033
UPID US28-2736634
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
Current use
Occupant on record · Public records
  • Heaven's Barbecue on Earth Restaurant
  • Anthony Garage Doors Hardware & Home Improvement General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.03M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.91M
Owner & transaction history
Klairmont Investments LLC · 5 yrs held
Klairmont Investments LLC
since 2021
Last sale
$1.8M
7 recorded transactions
2021
Price N/A
2018
$1.8M
2017
Price N/A
2015
Price N/A
2013
$600,000
2012
Price N/A
2012
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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