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Dunsten Plaza 2823-2855 Dundee Rd 18,782 SF 94% Leased Retail Building Northbrook, IL 60062 $3,100,000 ($165.05/SF) 8.23% Cap Rate
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
18,782 SF
Building Class
B
Year Built/Renovated
1965/1989
Price
$3,100,000
Price Per SF
$165.05
Cap Rate
8.23%
NOI
$255,173
Percent Leased
94%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
1.67 AC
Parking
83 Spaces (4.42 Spaces per 1,000 SF Leased)
Frontage
362’ on Dundee Rd
AMENITIES
- Pylon Sign
- Restaurant
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Former pialites studio restroom, office, storage.
| Space | Size | Space Use | Position | Available |
| 2847 | 1,116 SF | Office/Retail | - | Now |
2847
| Size |
| 1,116 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
2847
| Size | 1,116 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
Former pialites studio restroom, office, storage.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 04-08-201-038-0000 | Improvements Assessment | $329,754 |
| Land Assessment | $408,246 | Total Assessment | $738,000 |
PROPERTY TAXES
Parcel Number
04-08-201-038-0000
Land Assessment
$408,246
Improvements Assessment
$329,754
Total Assessment
$738,000
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Dunsten Plaza | 2823-2855 Dundee Rd
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