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    1033 Graceland Ave Des Plaines, IL 60016

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    For Sale
    $625,000

    5,320 SF building on 0.34 AC in Des Plaines.

    Property size:
    5,320 SF
    Lot size:
    0.16 Acres

    Property Features for 1033 Graceland Ave

    General Information

    Size
    5,320 SF
    Lot size
    0.16 Acres

    Source: Transwestern | Rosemont Agent Joe Karmin

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

    Overview

    Des Plaines Flex/Industrial/Office Building

    This masonry building, constructed in 1948 and renovated in 1996, offers approximately 5,320 square feet of flex, industrial, and office space on a 0.34-acre lot. The property features a ceiling height of 12 feet and one drive-in door. Parking is available for approximately 13 cars. The office space accounts for approximately 80% of the building's area but can be scaled back. The property is zoned C-3 (General Commercial).
    Insight Report Location Intelligence

    Current Use by Public Records

    Mair Hill Consulting Consultant Sterile Science Commercial Cleaning Service Data Clean Environmental Consultant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -87.8940592
    Latitude
    42.0343107

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    FAQs

    What type of property is this?
    Flex space - 5,320 SF building on 0.34 AC in Des Plaines.
    Where is this flex space located?
    The property is located at 1033 Graceland Ave Des Plaines, IL.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: - General commercial (C-3) zoning offers a wide range of business possibilities.; - Substantial building size: **±5,320 SF provides ample space for various operations.**; - High percentage of office space: **±80% office space is ideal for businesses needing administrative areas (can be scaled back).**
    (847) 588-5700
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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
    1033 Graceland Ave Des Plaines, IL 60016
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