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    1577 Ellinwood Ave Des Plaines, IL 60016

    For Lease
    $25 SF/Yr ($3,750 /Mo)

    1,800 SF commercial building in downtown Des Plaines.

    Property size:
    1,800 SF
    Lot size:
    0.76 Acres

    Property Features for 1577 Ellinwood Ave

    General Information

    Size
    1,800 SF
    Lot size
    0.76 Acres

    Source: Strauss Realty, Ltd. Agent Craig Wolf

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Des Plaines Commercial Building

    This 1,800 square foot commercial building is located in downtown Des Plaines. The interior features a 20-foot ceiling, a mezzanine, and bathrooms. The property includes a front lot and a 50-foot by 80-foot concrete pad suitable for parking or an outdoor patio. The location is surrounded by retailers and residential high-rises. This property is suitable for a restaurant, brewery, or fitness concept.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Plaines
    County
    Cook
    State
    Illinois
    Longitude
    -87.88467
    Latitude
    42.03924

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    FAQs

    What type of property is this?
    Retail space - 1,800 SF commercial building in downtown Des Plaines.
    Where is this retail space located?
    The property is located at 1577 Ellinwood Ave Des Plaines, IL.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: - Prime downtown Des Plaines location amidst retailers and residential buildings.; - Spacious 1,800 SF commercial building with a large front lot.; - Expansive 50’x80’ concrete pad suitable for parking or outdoor patio.
    (847) 989-9653
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    1577 Ellinwood Ave 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
    1577 Ellinwood Ave Des Plaines, IL 60016
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