119 Main StWest Dundee, IL 60118

For Sale
$920,000

Downtown West Dundee office building, value-add opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional mixed-use property, located at 119 W Main Street in West Dundee, Illinois, presents a compelling value-add investment opportunity. The two-story, 9,072 square foot building sits on a 0.11-acre lot in the heart of downtown, offering six units across a traditional office layout. Currently, the building boasts 46.99% occupancy with four tenants, generating immediate cash flow. Five of the seven suites are leased, including Edward Jones and Weatherproof Adjusters with longer-term leases. The remaining vacant space, totaling 3,525 square feet, presents significant upside potential through lease-up. The property benefits from a prime location on W Main Street (IL Route 72), a major commercial corridor, with convenient access to public transportation (Pace bus stop directly in front), Metra stations (within a few miles), and major highways (IL Routes 72, 31, 68, 25, and Interstate 90). The building also abuts a municipal parking lot. The B-1 Downtown Business District zoning allows for versatile uses, including retail, restaurants, and residential units (above the first floor). Strong demographics, with over 55,000 people within a 3-mile radius and an average household income exceeding $117,788, further enhance the property's investment appeal. The high daily traffic count of over 30,100 vehicles on W Main Street underscores the property's visibility and accessibility. This property offers a blend of immediate income and substantial future growth potential in a thriving downtown location. The asking price is $920,000, with a price per square foot of $101.41. The building was constructed in 1872 and features one building with two stories. The property is offered fee simple.

Highlights

  • 9,072 SF mixed-use building on a 0.11-acre lot in downtown West Dundee, IL.
  • 46.99% occupancy with four tenants providing immediate cash flow; significant lease-up potential in 3,525 SF of vacant space.
  • B-1 Downtown Business District zoning allows for retail, restaurants, and residential (above first floor).
  • Prime location on W Main Street (IL Route 72), with high daily traffic counts (30,100+ vehicles), convenient access to public transportation (Pace bus), Metra, and major highways.
  • Strong demographics: over 55,000 people within a 3-mile radius, average household income exceeding $117,788.

Property Details for 119 Main St

Property type
Other retail properties, Other office properties
Square Feet
9,072 SF
Year Built
1872
Buildings
1
Stories
2
Lot Size (sq. ft)
4,792 SF
Units
6

Location Insight

City
West Dundee
County
Kane
State
Illinois
Latitude
42.09813901
Longitude
-88.27795114
119 Main St, West Dundee, Illinois

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119 Main St
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