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

    200 Howard Ave -, Unit 246 Des Plaines, IL 60018

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Flex space with warehouse and office components, convenient location.

    We can help!

    Listing Contact
    Thomas Gath
    Source: Nmrk

    Listing Agent: Thomas Gath

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

    Learn more

    Overview

    Des Plaines Flex Space Available

    This 5,994 square foot flex space is available for lease. The space is configured with 2,035 square feet of warehouse area and 3,959 square feet of office space. The property is part of a multi-tenant, single-story complex. It features one exterior dock and abundant surface parking. Onsite trailer and truck parking is available. The location is approximately 13 minutes from the Rosemont Entertainment District, 8 minutes from O'Hare terminal, 14 minutes from the South Cargo Entrance, and 4 minutes from I-90. Downtown Chicago is approximately 24 minutes away.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Similar Places Nearby

    DO & CO Chicago Catering, Inc., Sky On Nine

    Map

    City
    Des Plaines
    County
    Cook
    State
    Illinois
    Longitude
    -87.8954
    Latitude
    42.004

    Nearby Similar for Lease

    • Contact for pricing

      Des Plaines Commercial Space Available

      Versatile commercial space with high visibility and flexible zoning.
      110 S Des Pln Riv Rd, Des Plaines, IL 60016
      View Details
    • Contact for pricing
      76,230 SF

      Des Plaines Commercial Space Available

      Office/warehouse space with high visibility and flexible zoning.
      110 S Des Pln Riv Rd, Des Plaines, IL 60016
      View Details
    • Contact for pricing

      Des Plaines Commercial Space Available

      Office and retail space near Metra and new development.
      770 Lee St, Des Plaines, IL 60016
      View Details
    • Contact for pricing

      Des Plaines Office Space Available

      Office space for lease near Metra and new development.
      770 Lee St, Des Plaines, IL 60016
      View Details
    • Contact for pricing

      Des Plaines Commercial Space Available

      Office, retail, or medical space near Metra and downtown.
      770 Lee St, Des Plaines, IL 60016
      View Details
    • Contact for pricing

      Des Plaines Commercial Space Available

      Office and retail space for lease near Metra station.
      770 Lee St, Des Plaines, IL 60016
      View Details
    • $23 SF/Yr
      8,664 SF

      Five-Story Office Building For Rent

      Office building with views, fitness center, and customizable spaces.
      1011 E Touhy Ave, Des Plaines, IL 60018
      View Details
    • $21 SF/Yr
      5,508 SF

      Renovated Office Space Available

      Customizable office spaces with renovated common areas and convenient amenities.
      999 E Touhy Ave, Des Plaines, IL 60018
      View Details
    • Contact for pricing

      Des Plaines Industrial Flex Space

      Industrial/flex space for lease in a convenient Des Plaines location.
      200 Howard Ave -, Des Plaines, IL 60018
      View Details
    • Contact for pricing
      171,600 SF

      Des Plaines Warehouse Space Available

      171,600 SF warehouse near I-90 and O’Hare.
      424 Howard Ave, Des Plaines, IL 60018
      View Details
    • $23 SF/Yr
      31,572 SF

      Multi-Tenant Office Building For Rent

      Five-story office building near O'Hare with customizable spaces.
      1111 E Touhy Ave, Des Plaines, IL 60018
      View Details
    • $13 SF/Yr
      33,270 SF

      Des Plaines Office Building for Lease

      Prime Des Plaines Office Space: Multiple Suites Available
      950 Lee St, Des Plaines, IL 60016
      View Details

    FAQs

    What type of property is this?
    Flex space - Flex space with warehouse and office components, convenient location.
    Where is this flex space located?
    The property is located at 200 Howard Ave -, Unit 246 Des Plaines, IL.
    What are key features of this property?
    This property features: - Proximity to O'Hare terminal (8 mins); - 5,994 SF for Lease, featuring 2,035 SF warehouse and 3,959 SF office space; - Available onsite trailer/truck parking
    (773) 957-1415
    Request Owner's contact information
    200 Howard Ave -, Unit 246 Des Plaines, IL 60018
    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.
    200 Howard Ave -, Unit 246
    Des Plaines, IL 60018
    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
    200 Howard Ave -, Unit 246 Des Plaines, IL 60018
    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
    Thomas Gath
    (773) 957-1415
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.