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    1555 Ellinwood Ave Des Plaines, IL 60016

    For Lease
    Contact for pricing

    Retail space in mixed-use development near Des Plaines Metra.

    Property size:
    1,379 SF
    Lot size:
    1.33 Acres

    Property Features for 1555 Ellinwood Ave

    General Information

    Size
    1,379 SF
    Lot size
    1.33 Acres

    Source: Mid-America Real Estate Group Agent Liz Krebs

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

    Overview

    Retail Space Near Metra Train

    This retail space is located directly across the street from the Des Plaines Metra train station, which serves over 880,000 commuters monthly. It is part of a mixed-use development that includes 113 residential units located directly above the retail space. The available space measures 1379 square feet. A downtown restaurant district program award from the city is available to restaurant tenants for 2020.
    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 Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Plaines
    County
    Cook
    State
    Illinois
    Longitude
    -87.885709
    Latitude
    42.040025

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      Des Plaines Office Near Metra

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      Des Plaines Commercial Lease Opportunity

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    FAQs

    What type of property is this?
    Retail space - Retail space in mixed-use development near Des Plaines Metra.
    Where is this retail space located?
    The property is located at 1555 Ellinwood Ave Des Plaines, IL.
    What are key features of this property?
    This property features: - Located directly across the street from the Des Plaines Metra train station.; - Mixed-use development with **113 high-end residential units above retail.**; - **High commuter traffic (880,000 monthly) at the Metra station.**
    (630) 954-7300
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    1555 Ellinwood Ave 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
    1555 Ellinwood Ave Des Plaines, IL 60016
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