509 W Main St
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509 W Main St
2,248 SF 51% Leased Office Building West Dundee, IL 60118 $575,919 CAD ($256 CAD/SF)
Investment Highlights
- Rental Unit Second Floor
- High traffic area with parking lot and garage for tenants
- Office/Retail Space on the first floor
- Central Business District
Executive Summary
Mixed-Use Property for Sale:
Ideal for Owner-Occupied or Investment Opportunities Located on Route 72 / Main Street in West Dundee, IL, this mixed-use property offers high visibility and is conveniently situated next to the popular Grafelman Park Tennis Courts.
The second-floor apartments are currently listed for short-term rental, generating $1,550 per month in revenue. Meanwhile, the first-floor office space spans 1,124 SF, providing the perfect location for your business or an opportunity to lease the space for additional income of $2,700 per month.
For an owner-occupied purchase, financing through an SBA 504 loan is available. After accounting for an approximate P&I mortgage payment of $2,300, property taxes of $561, and insurance of $142, the estimated monthly payment (PITI) comes to $3,003. This property offers flexibility—operate your business on-site or generate dual income streams through both residential and commercial rentals.
Ideal for Owner-Occupied or Investment Opportunities Located on Route 72 / Main Street in West Dundee, IL, this mixed-use property offers high visibility and is conveniently situated next to the popular Grafelman Park Tennis Courts.
The second-floor apartments are currently listed for short-term rental, generating $1,550 per month in revenue. Meanwhile, the first-floor office space spans 1,124 SF, providing the perfect location for your business or an opportunity to lease the space for additional income of $2,700 per month.
For an owner-occupied purchase, financing through an SBA 504 loan is available. After accounting for an approximate P&I mortgage payment of $2,300, property taxes of $561, and insurance of $142, the estimated monthly payment (PITI) comes to $3,003. This property offers flexibility—operate your business on-site or generate dual income streams through both residential and commercial rentals.
Taxes & Operating Expenses (Actual - 2022) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Taxes |
$9,994
|
$4.45
|
| Operating Expenses |
$7,023
|
$3.12
|
| Total Expenses |
$17,018
|
$7.57
|
Taxes & Operating Expenses (Actual - 2022)
| Taxes (CAD) | |
|---|---|
| Annual | $9,994 |
| Annual Per SF | $4.45 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $7,023 |
| Annual Per SF | $3.12 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $17,018 |
| Annual Per SF | $7.57 |
Property Facts
Sale Type
Owner User
Property Type
Office
Property Subtype
Building Size
2,248 SF
Building Class
B
Year Built/Renovated
1891/2017
Price
$575,919 CAD
Price Per SF
$256 CAD
Percent Leased
51%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,124 SF
Building FAR
0.25
Land Acres
0.21 AC
Zoning
B-3 - Business/Residential
Parking
6 Spaces (2.67 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Kitchen
- Storage Space
- Basement
- Central Heating
- Natural Light
- Recessed Lighting
- Hardwood Floors
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Floor
- 1,100 SF
- Office
- Full Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 1,100 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 1,100 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
Walk Score ®
Very Walkable (85)
PROPERTY TAXES
| Parcel Number | 03-22-456-003 | Total Assessment | $121,873 CAD (2023) |
| Land Assessment | $49,868 CAD (2023) | Annual Taxes | $9,994 CAD ($4.45 CAD/SF) |
| Improvements Assessment | $72,005 CAD (2023) | Tax Year | 2022 Payable 2023 |
PROPERTY TAXES
Parcel Number
03-22-456-003
Land Assessment
$49,868 CAD (2023)
Improvements Assessment
$72,005 CAD (2023)
Total Assessment
$121,873 CAD (2023)
Annual Taxes
$9,994 CAD ($4.45 CAD/SF)
Tax Year
2022 Payable 2023
-
Sergio Lopez -
Keller Williams Commercial
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