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29090101
29090102

2823 Dundee Rd, Northbrook, IL 60062

PB
IL 471002226
Colliers - Rosemont, Illinois
Listed by Colliers - Rosemont, Illinois
$3,100,000
155 days on market
Updated 64 days ago

Strip Center - Northbrook, IL

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 18,782
Units 11
Cap Rate 8.23%
NOI $255,173
Occupancy 94%
Tenancy Multi
Lease Type NNN
Price per SqFt $165
Year Built 1965
Year Renovated 1989
Buildings 1
Stories 1
Investment Type Net Lease

Retail | 8.23% CAP | 18,782 SqFt

Marketing description

Colliers is pleased to introduce this stabilized neighborhood strip center. Dunsten Plaza is a well-positioned retail strip center located at 2823–2855 Dundee Road in Northbrook, Illinois, within the affluent North Shore trade area. The center offers 18,782 SF of gross leasable area on a 1.67-acre site, with a parking ratio of 4.42 spaces per 1,000 SF. The original building was built in 1965. In 1989 the building was expanded and renovated. The property features high visibility along Dundee Road, which sees approximately 32,900 vehicles per day, and benefits from proximity to dense residential neighborhoods and office parks. Current tenants include a mix of national and local operators such as Subway, Rosati’s Pizza, Batteries Plus, L.A. Tan, and specialty service businesses, creating a stable and diversified income stream.

Investment highlights

Strategic Location

• Prime Location: Minutes from I-94 and I-294 in Northbrook·s thriving retail corridor

• Daytime Employment: Strong office and retail presence nearby

• Strong Demographics: Avg household income exceeds $237,000 within 1 mile

Strong Investment Fundamentals

· Tenant Mix & Stability: Long-standing tenants with complementary uses

· Market Conditions: Retail strip centers maintain ~95% occupancy nationally

· Value-Add Potential: Upside through lease renewals

Listing Contacts

PB
IL 471002226
Colliers - Rosemont, Illinois
Listed by Colliers - Rosemont, Illinois

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$255,173.00
$21,264.42/mo

Valuation Metrics

0
DSCR
8.23%
Cap Rate
8.23%
ROI

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Additional Information

Name
Peter Block
License
471002226
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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