Add Listing
    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

    9 Mary St Des Plaines, IL 60016

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $18 SF/Yr

    Rare industrial/office space for lease in Des Plaines, Illinois.

    Property Features for 9 Mary St

    General Information

    Standard status
    Active

    Building Details

    Year built
    1969

    We can help!

    Listing Contact
    Kerry Levin
    Source: Corcoran

    Listing Agency: LEVIN ASSOCIATES Listing Agent: Kerry Levin

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

    Learn more

    Overview

    Industrial/Office Space with Loading Bay

    This property offers a rare industrial and office space available for lease in Des Plaines, Illinois. The location provides convenient access and delivery options, situated near I-90 and I-294, close to the intersection of Golf and River Roads. The space includes 1,100 square feet of office area, featuring three separate offices, a reception area, and two private bathrooms. A loading bay is available in a common area, providing direct access to the warehouse with a common staging area in between. The space is clean and spacious. The tenant is responsible for utilities.
    Location Intelligence

    Current Use by Public Records

    Creative Soundz Inc Tech Support Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Plaines
    County
    Cook
    State
    Illinois
    Longitude
    -87.8897882
    Latitude
    42.0538001

    Nearby Similar for Lease

    • $1,490 /Mo

      Professional Office Space Available

      Well-maintained office space in Des Plaines for professional service businesses.
      917 E Oakton St, Des Plaines, IL 60018
      View Details
    • Contact for pricing

      Des Plaines Prime Office Space

      Convenient office space near downtown Des Plaines with ample parking.
      19 N Broadway St, Des Plaines, IL 60016
      View Details
    • Contact for pricing

      Professional Office Space Available

      Well-maintained office space in Des Plaines, ideal for professional services.
      917 E Oakton St, Des Plaines, IL 60018
      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

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

      IL, Des Plaines - River Rd

      Discover many ways to work your way in Boise Downtown
      2340 River Rd, Des Plaines, IL 60018
      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
      6,568 SF

      Community Center with Anchor Tenants

      155,152 SF community center with high traffic counts.
      767 West Golf Rd, Des Plaines, IL 60016
      View Details
    • $8 SF/Yr
      28,851 SF

      Des Plaines Flex Space Available

      Flex space near O’Hare Airport with drive-in doors.
      100-180 Touhy Ct, Des Plaines, IL 60018
      View Details
    • Contact for pricing
      32,595 SF

      Community Center Retail Space Available

      Retail space in a major community center with high traffic.
      1515 Lee St, Des Plaines, IL 60018
      View Details
    • $27 SF/Yr
      1,295 SF

      New Retail Space Available

      Recently constructed retail space with ample parking and high visibility.
      9000 W Ballard Rd, Des Plaines, IL 60016
      View Details
    • $25 SF/Yr
      1,800 SF

      Downtown Des Plaines Commercial Building

      1,800 SF commercial building in downtown Des Plaines.
      1577 Ellinwood Ave, Des Plaines, IL 60016
      View Details

    FAQs

    What type of property is this?
    Flex space - Rare industrial/office space for lease in Des Plaines, Illinois.
    Where is this flex space located?
    The property is located at 9 Mary St Des Plaines, IL.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - Rare industrial/office space with loading bay; - Convenient location near I90 and 294, close to Golf and River Roads; - Includes **1,100 sq ft of office space** with three separate offices and reception area
    (847) 297-1121
    Request Owner's contact information
    9 Mary St Des Plaines, IL 60016
    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.
    9 Mary St
    Des Plaines, IL 60016
    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
    9 Mary St Des Plaines, IL 60016
    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
    Kerry Levin
    (847) 297-1121 (847) 275-4243
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!