Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2 Main St East Dundee, IL 60118-1322

    • Office Properties & Spaces
    • 3,108 SF
    OFF-MARKET
    Value Estimations
    $275,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-5423789
    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.

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 2 Main St

    Property size
    3,108 SF
    Property type
    Office Properties & Spaces
    APN
    03-23-356-022
    APU
    323356022

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $289,000
      Market price range: $240k - $582k
      AI Estimate
      $236,000
      Market price range: $159k - $495k

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

    Location Insight

    • Map
    • Local Demand
    City
    East Dundee
    County
    Kane
    State
    Illinois
    Longitude
    -88.2756
    Latitude
    42.098
    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
    2022
    $7,339
    $59,167
    $26,423
    $85,590
    -
    $177,501
    $79,269
    $256,770

    Comparable in this City

    • Value Estimation
      $245,000
      909 SF

      825 Vlg Quarter Rda5

      OFFICE (GENERAL) • 909 SF
      825 Vlg Quarter Rda5, West Dundee, IL 60118-2194
      View Details
    • Value Estimation
      $330,000
      1,656 SF

      517 Main St

      OFFICE (GENERAL) • 1,656 SF
      517 Main St, West Dundee, IL 60118-2023
      View Details
    • Value Estimation
      $345,000
      2,059 SF

      602 Main St

      OFFICE (GENERAL) • 2,059 SF
      602 Main St, West Dundee, IL 60118-2026
      View Details
    • Value Estimation
      $355,000
      1,687 SF

      510 Market Loop Ste, Unit 103

      OFFICE (GENERAL) • 1,687 SF
      510 Market Loop Ste, West Dundee, IL 60118-2139
      View Details
    • Value Estimation
      $295,000
      1,272 SF

      825 Vlg Quarter Rd Ste A2

      OFFICE (GENERAL) • 1,272 SF
      825 Vlg Quarter Rd Ste A2, West Dundee, IL 60118-2100
      View Details
    • Value Estimation
      $250,000
      960 SF

      510 Market Loop Ste, Unit 201

      OFFICE (GENERAL) • 960 SF
      510 Market Loop Ste, West Dundee, IL 60118-2140
      View Details

    Similar Nearby for Sale

    • $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
    • $410,000
      2,248 SF

      West Dundee Mixed-Use Building

      Prime location, high rental income.
      509 Main St, West Dundee, IL 60118
      View Details
    • Contact for pricing
      120.00 Acres

      Prime Kane County Development Land

      120 Acres, I-90 Frontage
      0 Sleepy Holw Rd & Boncosky Rd, Dundee Township, 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
    • Contact for pricing
      33,190 SF

      Versatile Warehouse and Office Space

      33,190 SF warehouse and office space for sale.
      205 Alexandra Way, Carol Stream, 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

    Similar Nearby for Lease

    • $3,125 /Mo
      5,278 SF

      Spacious Office Suite For Lease

      Versatile office space with private offices, open workspaces, and amenities.
      804 Roundabout Ct, West Dundee, IL 60118
      View Details
    • Contact for pricing

      Updated Office Space For Rent

      Impressive, fully updated office space in West Dundee, Illinois.
      825 Vlg Quarter Rd, West Dundee, IL 60118
      View Details
    • $17 SF/Yr
      18,290 SF

      East Dundee Creative Office Space

      Prime location, flexible suites, ample parking.
      10 Main St, East Dundee, IL 60118
      View Details
    • $18 SF/Yr
      25,335 SF

      Elgin Mall Office Space Available

      4,400 SF Office, High Traffic Area
      450 Dundee Ave, East Dundee, IL 60118
      View Details
    • Contact for pricing
      43,560 SF

      East Dundee Office Space Available

      3200 SF office space in prime East Dundee location.
      455 E Main St, East Dundee, IL 60118
      View Details
    • $16 SF/Yr
      22,696 SF

      West Dundee Retail Space

      Prime Retail Center, Multiple Units Available
      1925 Huntley Rd, West Dundee, IL 60118
      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 Main St
    East Dundee, IL 60118-1322
    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

    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.