

Strip Center - Northbrook, IL
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
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