Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1112 E Railroad St Sandwich, IL 60548
    Back to Search
    Property profile & analytics

    1112 E Railroad St Sandwich, IL 60548

    View on Map
    • Commercial real estate
    For Sale
    $249,900
    View Listing →
    Retail/Office Space in Sandwich, Illinois For Sale
    $249,900
    2,600 SF

    Retail/Office Space in Sandwich, Illinois

    Retail/office space in high-traffic area with immediate rental income.

    1112 E Railroad Street, Sandwich, IL 60548
    View Listing
    Property ID
    US28-0762700
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Eyecare Center / Physician
    • Spaesthetics / Alternative Medicine Practice / Spa & Massage Center
    • Vanallour Hair Studio / Hair Salon
    • Michael W. Menconi, OD / Physician
    • Horizon Health Spa / Alternative Medicine Practice / Spa & Massage Center

    Property Details for 1112 E Railroad St

    Property type
    Commercial real estate
    APN
    19-36-226-001
    APU
    1936226001

    Description

    This 2,600 square foot retail property located at 1112 E Railroad Street in Sandwich, Illinois presents a compelling investment opportunity. Situated on a busy thoroughfare, this multi-tenant building boasts high visibility and consistent foot traffic, ensuring strong tenant appeal. Currently, the property is fully leased to three independent businesses: two hair salons and a health spa, providing a stable and diversified income stream. Each unit operates independently, minimizing risk and maximizing rental potential. The property's location in the charming town of Sandwich offers the benefits of a close-knit community while remaining conveniently accessible to a wider customer base. The building itself offers 2,600 square feet of well-maintained space, ideal for a variety of retail uses. This turnkey investment requires minimal management, making it an attractive option for both seasoned and novice investors seeking a stable and profitable venture in a desirable location. A non-disclosure agreement is required to access further detailed financial information. This is a rare opportunity to acquire a thriving retail property in a vibrant Illinois community. Don't miss out on this chance to secure a promising return on investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sandwich
    County
    Dekalb
    State
    Illinois
    Longitude
    -88.6069
    Latitude
    41.6457
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,699
    $27,204
    $65,651
    $92,855
    -
    $81,612
    $196,953
    $278,565

    Comparable in this City

    • Value Estimation by Request

      1690 Church St, Unit 13

      COMMERCIAL (GENERAL)
      1690 Church St, Sandwich, IL 60548
      View Details
    • Value Estimation by Request

      1690 Church St, Unit 20

      COMMERCIAL (GENERAL)
      1690 Church St, Sandwich, IL 60548
      View Details
    • Value Estimation by Request

      807 Railroad St

      COMMERCIAL (GENERAL)
      807 Railroad St, Sandwich, IL 60548-1939
      View Details
    • Value Estimation by Request

      10 Mechanic St, Unit B

      COMMERCIAL (GENERAL)
      10 Mechanic St, Sandwich, IL 60548-1616
      View Details
    • Value Estimation by Request
      0.20 Acres

      607 Ash St

      COMMERCIAL (GENERAL) • 0.20 Acres
      607 Ash St, Sandwich, IL 60548-1261
      View Details
    • Value Estimation by Request

      107 Ctr St

      COMMERCIAL (GENERAL)
      107 Ctr St, Sandwich, IL 60548-1603
      View Details

    Similar Nearby for Sale

    • $1,119,000
      13,159 SF

      Prime Sandwich Commercial Building

      High-Visibility, Fully Leased Investment
      207 Church St, Sandwich, IL 60548
      View Details
    • $389,000
      1,600 SF

      Mixed-Use Building in Sandwich, IL

      Three-unit building with retail spaces and upper-level apartment.
      421 E Church St, Sandwich, IL 60548
      View Details
    • $389,000
      1,600 SF

      Mixed-Use Property in Sandwich, IL

      Mixed-use property featuring retail spaces and a residential apartment.
      421 E Church St, Sandwich, IL 60548
      View Details
    • $845,528
      650 SF

      Newer Scooter's Coffee Investment Opportunity

      Recently built Scooter's Coffee with long-term NNN lease.
      1208 E Church St, Sandwich, IL 60548
      View Details
    • $55,000
      1.18 Acres

      Flat 1.18-Acre Building Lot

      Ready for building your dream home in the country.
      15582 Douglas Ave, Sandwich, IL 60548
      View Details
    • $600,000
      10.47 Acres

      Sandwich, IL Land For Sale

      10.47 acres previously a commercial greenhouse and landscaping business.
      17565 Wagner Rd, Sandwich, IL 60548
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail and Office Spaces Available

      Retail, office, and flex spaces for rent in Sandwich, IL.
      207 E Church St, Sandwich, IL 60548
      View Details
    • Contact for pricing
      16,622 SF

      Medical Office Space Available

      16,622 SF medical office space for lease.
      1 E County Line Rd, Sandwich, IL 60548
      View Details
    View Listing
    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.
    1112 E Railroad St
    Sandwich, IL 60548
    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
    1112 E Railroad St, Sandwich, IL, 60548
    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!