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    Property profile & analytics
    FOR SALE
    Retail space

    840 N Main St, Glen Ellyn, IL 60137

    14,543 SF 1.55 ac lot Built 2004
    Entity Owned 10-yr Hold ~ Est. High Equity
    Property ID
    US28-2799435
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 14,543 square foot Walgreens located at 840 N Main St, Glen Ellyn, IL 60137, a thriving Chicago suburb. Boasting a 7.43% cap rate and a strong NOI of $420,000, this property offers significant return potential. The single-tenant, net-leased property features a Walgreens corporate guarantee, ensuring consistent rental income through March 31, 2030, with seven, five-year extension options. Situated on a 1.549-acre lot at a signalized corner of St. Charles Road and Main Street, this location benefits from high visibility and over 20,000 vehicles daily. The affluent area boasts a 5-mile population exceeding 302,000, with a median household income of $118,208. Proximity to four hospitals within a 15-minute radius further enhances the property's value by supporting prescription demand. The convenient drive-thru lane adds to the property's appeal and operational efficiency. Built in 2004, this Walgreens offers a combination of strong financial performance, a secure lease, and a prime location in a high-growth market, making it an ideal investment for discerning buyers.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 2004
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 14,543 SF
    Lot 1.55 ac (67,518 SF)
    APN 05-02-312-013
    UPID US28-2799435
    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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.24M
    Blend (final) Blend
    $1.87M
    Owner & transaction history
    Mei Realty Ltd · 10 yrs held
    Mei Realty Ltd
    since 2015
    4 recorded transactions
    2019
    2015
    $7.3M
    2006
    $6.5M
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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