47 Dundee RdWheeling, IL 60090

Property Details for 47 Dundee Rd

Year built

1976

Lot size

0.67 AC

Property type

Retail space

Property subtype

Storefront properties

APN

03-02-416-005

APU

302416005

Description

This exceptional 8,800 square foot medical office building, located at 47 W Dundee Rd in Wheeling, Illinois (zip code 60090), presents a compelling investment opportunity. Constructed in 1976, this two-story building sits on a 0.67-acre lot and enjoys a prime location near the intersection of Dundee and S Wolf Roads, providing excellent visibility to the approximately 30,000 vehicles that travel Dundee Road daily. The property's strategic position offers convenient access to I-294, enhancing its appeal to both tenants and investors. Currently configured as a multi-tenant facility, the building includes 2,000 square feet of immediately available, fully equipped space ideal for dental or medical practices seeking a turnkey solution. This move-in ready suite represents a significant advantage for owner-users. The property's features make it attractive to a diverse range of medical and office tenants. The sale includes the fee simple interest in the property. This is a rare opportunity to acquire a well-located, established medical office building with immediate occupancy potential in a thriving Illinois community. The building's total square footage is 8,800 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $7,736,104

  6.5%

  $7,141,020

  7%

  $6,630,947

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,456,666

  Geo Method

  $9,566,592

• Alternative Use

  Use

  Valuation

  Residential

  $6,023,718

  Hospitality

  $5,517,692

  Educational

  $4,590,656

  Medical

  $4,748,535

  Retail

  $7,141,020

Location Insight

City

Wheeling

County

Cook

State

Illinois

Latitude

42.1391

Longitude

-87.9174

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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