Mixed-Use Property with Auto
For Sale
$949,000
915 Oakton St, Des Plaines, IL 60016
Combined commercial, residential, and automotive space supports a live-work configuration under one roof.
Property Size6,428 SF
Price / SF$147.64
Days on Market42
Property Features for 915 Oakton St
General Information
Standard status
Active
Size
6,428 SF
Zoning
C-3
Site & Location
Traffic Count
20,400 vehicles/day
Road Access
Yes
Amenities
automotive lift
on-site parking
Building Details
Year Built
1940
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
HomeSmart Connect LLC
Listed By:
Emilio Bartucci · License #475127821
(847) 495-5000
Source:
Liveliferealty
Added: Aug 25
Changed: Sep 28
Last Checked: Oct 4 at 12:17PM
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 HomeSmart Connect LLC
Investment Insights
Based on property information with market context.
This mixed-use property combines approximately 6,500 SF of commercial, residential, and automotive space within one building. The layout includes a 7.5-car garage with an automotive lift, two storefront commercial spaces, and two apartments. The configuration accommodates substantial vehicle, equipment, and material storage alongside business and residential areas.
Located at 915 Oakton Street in Des Plaines, the property benefits from Oakton Street exposure, approximately 20,400 vehicles per day, convenient access, and on-site parking. Brick construction and a 1940 build date are additional physical characteristics of the asset. The property is suited to an owner-user or investor seeking an integrated combination of garage, storefront, and apartment space.
Located at 915 Oakton Street in Des Plaines, the property benefits from Oakton Street exposure, approximately 20,400 vehicles per day, convenient access, and on-site parking. Brick construction and a 1940 build date are additional physical characteristics of the asset. The property is suited to an owner-user or investor seeking an integrated combination of garage, storefront, and apartment space.
Key Highlights
- Approximately 6,500 SF mixed‑use building
- 7.5‑car garage equipped with an automotive lift
- Two storefront commercial spaces and two apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,670
Cap Rate
2.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,400
$553.4K
Cap Rate 7%
$395,286
$395.3K
Cap Rate 9%
$307,444
$307.4K
Market Conditions
NOI Build-Up for 6,428 SF
Gross rent
$41.7K $6.48/SF
− Vacancy
−$2.1K −$0.33/SF
EGI
$39.5K $6.15/SF
− OpEx
−$11.9K −$1.84/SF
NOI
$27.7K $4.30/SF
Area
Cook County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,400
Cap Rate 7%
$395,286
Cap Rate 9%
$307,444
Alternative Uses
Best Use
Mixed Use
$1.55M
$1.36M – $1.81M
NOI $108,473 @ 7.0% cap · market cap 11.43%
Second Best
Retail
$1.27M
$1.12M – $1.49M
NOI $89,222 @ 7.0% cap · market cap 9.40%
Theoretical Best
Office A
$2.22M
$1.94M – $2.59M
NOI $155,351 @ 7.0% cap · market cap 16.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
20,400 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
598
Businesses Nearby
Explore this area
Business Placement
Demographics for 60016, IL
61,888
Population
25,613
Households
2.4
Avg Household Size
42
Median Age
43%
College-Educated
89%
High-School Grad
12.1 sq mi
ZIP Area
5,115
Density / Sq Mi
$84,044
Median Household Income
$50,180
Median Earnings
$1,406
Median Rent
$300,700
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Combined commercial, residential, and automotive space supports a live-work configuration under one roof.
Where is this mixed-use property located?
The property is located at 915 Oakton St Des Plaines, IL.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Approximately 6,500 SF mixed‑use building; 7.5‑car garage equipped with an automotive lift; Two storefront commercial spaces and two apartments
