For Sale
$1,590,000

729-751 Dundee RdWheeling, IL 60090

High-yield multi-tenant retail property.

Overview

Added:
Dec 11, 2024
Days on market:
124
This exceptional investment opportunity presents a 14,400 square foot, multi-tenant retail center located at 729-751 W Dundee Rd, Wheeling, IL 60090. The property, built in 1965, sits on a 0.96-acre lot and boasts a 6.48% cap rate at an asking price of $1,590,000. Currently housing a diverse range of established tenants including a sushi restaurant, massage salon, vape shop, hair salon, acupuncture clinic, dental office, and Mexican restaurant, this Class C property offers significant potential for future growth. The building features two points of access and ample parking for over 40 cars, providing a 2.78 parking ratio per 1,000 square feet. Its prime location along Milwaukee Avenue, at the edge of a major business and industrial district, benefits from high visibility and significant foot traffic, nestled between two major retail corridors and near national retailers, large shopping centers, and densely populated residential areas. The property is zoned B-3, Wheeling, and its APN is 03-03-400-035-0000. This single-story building offers a stable income stream and strong potential for appreciation, making it an attractive investment for discerning buyers. The property's Walk Score of 76 indicates a very walkable location. This is a stabilized, multi-tenant retail center with long-term tenants in a high-traffic area. Don't miss this chance to acquire a well-positioned retail investment.

Highlights

  • Price: $1,590,000
  • Property Type: Retail, Freestanding Building
  • Building Class: C
  • Investment Sale: 6.48% Cap Rate
  • Lot Size: 0.96 Acres
  • Gross Leasable Area: 14,400 Square Feet

Property Details for 729-751 Dundee Rd

Property type
Retail properties
Square Feet
14,400 SF
Class
C
Year Built
1965
Stories
1
Lot Size (sq. ft)
41,818 SF

Location Insight

City
Wheeling
County
Cook
State
Illinois

FAQs

What type of property is this?
Retail property - High-yield multi-tenant retail property.
Where is the retail property located?
The property is located at 729-751 Dundee Rd Wheeling, IL.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: Price: $1,590,000; Property Type: Retail, Freestanding Building; Building Class: C
How can I contact the broker?
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729-751 Dundee Rd
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