Listed by SURMOUNT
Unpriced
Redevelopment Opportunity
Details
Property Type Land
Sub Type Commercial
Acreage 0.920
Ownership Fee Simple
Land | 0.92 acres
Marketing description
Surmount is pleased to present the exclusive listing for a Redevelopment Opportunity parcel located at 622 Dundee Avenue, East Dundee, IL 60118. The site was formerly operated by a national QSR chain and includes a drive-thru. The property consists of roughly 2,910 square feet of building space on an estimated 0.92-acre parcel of land and is situated within one of the most heavily tenanted retail corridors in Chicago's northwest suburbs, making this a compelling ground-up development or build-to-suit opportunity with immediate access to a proven consumer base.
Investment highlights
- Second-Generation Restaurant Conversion | This former restaurant offers an attractive opportunity for operators or investors to leverage existing infrastructure, including a commercial-grade kitchen, plumbing, and established dining layout. The property is well-positioned for immediate lease-up or a retrofit, significantly reducing upfront capital expenditures and accelerating time to market.
- Academic Presence | The subject property benefits from proximity to Roosevelt University's Schaumburg Campus, home to approximately 4,200 students and serving as the primary location for the College of Science, Health, and Pharmacy. This institutional anchor generates consistent daily traffic and supports demand for nearby retail and food service uses.
- Affluent Consumer Base | The surrounding trade area features strong household incomes with an average of $103,928 within three miles and $108,373 within five miles. Total specified consumer spending reaches $618.7M within three miles and $1.8B within five miles, reflecting a deep and active retail market. Over 156,000 residents live within a five-mile radius with steady projected growth through 2029.
- Established Retail Ecosystem | The property is positioned within a dense, convenience-driven retail destination featuring Poplar Prairie Stone Crossing and adjacent power centers. National tenants including Starbucks, Chipotle, Panera Bread, Olive Garden, Jewel-Osco, and Trader Joe's create a synergistic environment that drives repeat visits and cross-shopping, reducing lease-up risk for future development.
Listing Contacts
Listed by SURMOUNT
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