Office Building with Underground
For Sale
Contact for pricing
1350 East Touhy Avenue Des, Des Plaines, IL 60018
Office building offering heated underground parking and a tenant amenity package including a fitness center, cafe, and conference room.
Days on Market37
Property Features for 1350 East Touhy Avenue Des
General Information
Standard status
Active
Property subtype
Office
Amenities
heated underground parking
fitness center with locker rooms and showers
cafe with black iron
conference room
Listing Agency:
Newmark | Chicago
(812) 340-2047
Listed By:
Derek Fohl
(812) 340-2047
Source:
Nmrk
Added: Jun 24
Changed: Jul 23
Last Checked: Jul 30 at 5:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark | Chicago
Investment Insights
Based on property information with market context.
1350 Touhy Plaza is an attractive value-add office property in the Chicago suburbs’ O’Hare submarket, featuring a comprehensive tenant amenity package. The offering includes heated underground parking, a fitness center with locker rooms and showers, a cafe, and a conference room.
The property is currently generating in-place rents that are described as 28% below Class A asking rents in the O’Hare submarket and 29% below its competitive set. The building is positioned for buyers seeking an income-oriented office asset with substantial on-site amenities.
The combination of enclosed parking and built-in common amenities supports day-to-day convenience for tenants while providing a foundation for repositioning efforts consistent with the stated value-add strategy.
The property is currently generating in-place rents that are described as 28% below Class A asking rents in the O’Hare submarket and 29% below its competitive set. The building is positioned for buyers seeking an income-oriented office asset with substantial on-site amenities.
The combination of enclosed parking and built-in common amenities supports day-to-day convenience for tenants while providing a foundation for repositioning efforts consistent with the stated value-add strategy.
Key Highlights
- In‑place rents at 1350 Touhy Plaza are 28% below Class A asking rents in the O'Hare submarket
- Tenant amenities include heated underground parking
- On‑site fitness center with locker rooms and showers
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
755
Businesses Nearby
Explore this area
Business Placement
Demographics for 60018, IL
30,051
Population
10,350
Households
2.9
Avg Household Size
40
Median Age
26%
College-Educated
82%
High-School Grad
16.6 sq mi
ZIP Area
1,810
Density / Sq Mi
$85,415
Median Household Income
$40,194
Median Earnings
$1,174
Median Rent
$302,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Office building offering heated underground parking and a tenant amenity package including a fitness center, cafe, and conference room.
Where is this office building located?
The property is located at 1350 East Touhy Avenue Des Des Plaines, IL.
What are key features of this property?
This property features: In‑place rents at 1350 Touhy Plaza are 28% below Class A asking rents in the O'Hare submarket; Tenant amenities include heated underground parking; On‑site fitness center with locker rooms and showers
