Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1628-30 Rand Rd Des Plaines, IL 60016

    Sponsored
    For Sale
    $1,917,000

    COMMERCIAL - Des Plaines, IL

    Property size:
    15,336 SF
    Lot size:
    1.00 Acre
    Days on Market:
    2
    Last Refresh:
    Feb 13 at 6:06 am

    Property Features for 1628-30 Rand Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    APN
    09161040220000
    Size
    15,336 SF
    Lot size
    1.00 Acre

    Utilities

    Cooling system
    Central Air, Zoned

    Building Details

    Year built
    1950
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Sealed, Concrete, Tile, Marble
    Building materials
    Brick
    Roof type
    Rubber

    We can help!

    Listing Contact
    Urszula Topolewicz
    Urszula Topolewicz

    Solution Key Realty LLC dba United Real Estate Elite (708) 598-1144

    Listing agent Urszula Topolewicz (773) 719-2053

    Listing date Feb 12, 2026

    MLS# 12140978

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Des Plaines Industrial Warehouse/Showroom

    This commercial property in Des Plaines, Illinois, offers a total of 15,336 square feet of industrial warehouse space with a large showroom facing the main street. Situated on a 1-acre lot with 300 feet of frontage on a high-profile corner, the property benefits from a 32,000 average daily traffic count. The building, renovated in 2024 and in excellent condition, features newer commercial windows and doors, a 14-foot ceiling height, and three overhead doors. Recent upgrades include a new roof and skylights, new epoxy flooring, and a new HVAC unit. The property is zoned C-3 and is located at the heart of the intersection of Des Plaines, Rand, and River Rd, offering easy access to I-294 and is minutes from O'Hare. The building is subdivided into two potential business spaces or can be combined into one. The current tenants are a trade contractor and a used car dealership, and they require 3 months' notice to move out. The property has two addresses under one pin.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Showrooms

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Public Storage, Self Storage, Thompson's Storage facility, Metro Self Storage - Des Plaines

    Location Insight

    • Map
    • Local Demand
    City
    Des Plaines
    County
    Cook
    State
    Illinois
    Longitude
    -87.8833841
    Latitude
    42.0467291

    Nearby Similar for Sale

    • $555,000
      2.12 Acres

      Des Plaines Office/Flex Condos

      Combined office/flex condos with offices, restrooms, conference room, kitchen.
      304 Howard Ave, Des Plaines, IL 60018
      View Details
    • $424,900
      0.21 Acres

      Downtown Des Plaines Mixed-Use Property

      Charming mixed-use property in downtown Des Plaines with commercial/residential potential.
      1330 Webford Ave, Des Plaines, IL 60016
      View Details
    • $424,900
      0.21 Acres

      Downtown Des Plaines Mixed-Use Property

      Charming mixed-use property in downtown Des Plaines with commercial/residential potential.
      1330 Webford Ave, Des Plaines, IL 60016
      View Details
    • New
      $40,000
      0.48 Acres

      Established Salon & Spa Opportunity

      Turnkey salon and spa in high-traffic Des Plaines location.
      8977 Potter Rd, Des Plaines, IL 60016
      View Details
    • $559,000
      3,000 SF

      Established Auto Repair Facility

      Auto repair facility with excellent visibility in a mixed-use corridor.
      1580 S Cora St, Des Plaines, IL 60018
      View Details
    • $189,000
      0.05 Acres

      Established Liquor Store Business Opportunity

      Profitable liquor store business for sale in Des Plaines.
      1185 Elmhurst Rd, Des Plaines, IL 60016
      View Details
    • Contact for pricing

      Established Barber Shop For Sale

      Profitable barber shop with loyal clientele in busy business center.
      630 W Algonquin Rd, Des Plaines, IL 60016
      View Details
    • $1,299,000
      0.35 Acres

      Des Plaines C5 Office Building

      Two-story office building with elevator and 26 parking spaces.
      770 Lee St, Des Plaines, IL 60016
      View Details
    • New
      $309,000
      0.14 Acres

      Des Plaines Land Opportunity

      Single-family home on a 50x125 lot near downtown Des Plaines.
      1374 Jefferson St, Des Plaines, IL 60016
      View Details
    • $899,900
      0.18 Acres

      Six-Unit Building in Des Plaines

      Six-unit residential building in a desirable location with income potential.
      8807 Dee Rd, Des Plaines, IL 60016
      View Details
    • Contact for pricing
      2,153 SF

      Meticulously Cared For Lexington Park Townhome

      Move-in ready, 3-story townhome with updates from top to bottom.
      1245 Evergreen Ave, Des Plaines, IL 60016
      View Details
    • Contact for pricing

      Spacious Home with Bonus Room

      Three-bedroom home with bonus room, rear garage, and balcony.
      1550 Times Dr, Des Plaines, IL 60018
      View Details

    FAQs

    What type of property is this?
    Warehouse - Renovated industrial warehouse with showroom, high traffic location.
    Where is this warehouse located?
    The property is located at 1628-30 Rand Rd Des Plaines, IL.
    What is the asking price?
    The asking price for this property is $1,917,000.
    What are key features of this property?
    This property features: - High-traffic corner location with 300 ft frontage and 32,000 average daily traffic count.; - Recently renovated in 2024 with new roof, skylights, epoxy flooring, HVAC, windows, and doors.; - Large 15,336 sq. ft. industrial warehouse with showroom on a 1-acre lot.
    (708) 598-1144
    Request Owner's contact information
    1628-30 Rand Rd Des Plaines, IL 60016
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1628-30 Rand Rd
    Des Plaines, IL 60016
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1628-30 Rand Rd Des Plaines, IL 60016
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Urszula Topolewicz
    Urszula Topolewicz
    Real Estate License ID: 471002290
    (708) 598-1144 (773) 719-2053
    Learn more
    Google sign-in failed. Please try again or use another login method.