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    624 W Algonquin Rd Des Plaines, IL 60016

    For Lease
    $15 SF/Yr

    Office - Des Plaines, IL

    Type:Office
    Days on Market:
    470
    Last Refresh:
    Dec 5 at 8:06 am

    Property Features for 624 W Algonquin Rd

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1962
    Architectural style
    Other

    Troy Realty LTD (773) 792-3000 [email protected]

    Listing agent James Cullen (773) 792-3000 License #475158697

    Listing date Aug 23, 2024

    MLS# 12137981 Listing URL

    Copyright © 2025 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.

    Overview

    Des Plaines Remodeled Office Space

    The property is an office space located in Des Plaines, Illinois. It is situated on the second floor and has been recently remodeled. The intended use of the property is for office purposes.
    Location Intelligence

    Current Use by Public Records

    Town Coin Laundry Laundromat

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Plaines
    County
    Cook
    State
    Illinois
    Longitude
    -87.9357426
    Latitude
    42.0305104

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    FAQs

    What type of property is this?
    Office space - Remodeled office space available for rent in Des Plaines.
    Where is this office space located?
    The property is located at 624 W Algonquin Rd Des Plaines, IL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - Newly Remodeled Office Space; - 2nd Floor Location; - Central Air Conditioning
    (773) 792-3000
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    624 W Algonquin Rd Des Plaines, IL 60016
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    Des Plaines, IL 60016
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    Realmo Value Estimation

    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.

    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.

    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
    624 W Algonquin Rd Des Plaines, IL 60016
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