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Community Center Retail Space
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1515 Lee Street, Des Plaines, IL 60018

Retail space in a major community center with high traffic.

Space Size1,165 SF - 23,958 SF
Days on Market168

Property Features for 1515 Lee Street

General Information

Standard status Active
Size 1,165 SF - 23,958 SF
Property subtype Retail

Spaces For Lease

at 1515 Lee Street Contact us

Outlot

Size
23,958 SF
Type
Retail
Availability
Available
Outlot
Contact us

1531

Size
1,700 SF
Availability
Available
Contact us

1533

Size
2,250 SF
Availability
Available
Contact us

1537

Size
1,500 SF
Availability
Available
Contact us

1539

Size
1,500 SF
Availability
Available
Contact us

1549

Size
1,165 SF
Type
Retail
Availability
Available
Contact us

1551

Size
1,200 SF
Type
Retail
Availability
Available
Contact us

1579

Size
1,625 SF
Availability
Available
Contact us

1581

Size
2,250 SF
Type
Retail
Availability
Available
Contact us
Listing Agency: CBRE | Chicago
Listed By: Sean McCourt
Source: Cbre
Added: Mar 25 Changed: Sep 8 Last Checked: Jul 16 at 4:30AM

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 CBRE | Chicago

Investment Insights

Based on property information with market context.

This commercial property offers retail space within a major community center encompassing 137,880 square feet. The location benefits from a dense population and high traffic counts, with over 45,000 vehicles per day. The property is positioned as a retail destination, supported by grocery and fitness anchors that contribute to daily traffic generation. The surrounding area features dozens of national chains, enhancing the property's appeal.

Key Highlights

  • Major Community Center boasting 137,880 SF
  • High Traffic Counts, with over 45,000 VPD, ensure excellent visibility
  • Daily Traffic Generation thanks to grocery and fitness anchors

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Big Box & Wholesale Store Spa & Massage Center Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

810
Businesses Nearby
Under-served
Demand for This Use

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 Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Retail space in a major community center with high traffic.
Where is this shopping center located?
The property is located at 1515 Lee Street Des Plaines, IL.
What are key features of this property?
This property features: Major Community Center boasting 137,880 SF; High Traffic Counts, with over 45,000 VPD, ensure excellent visibility; Daily Traffic Generation thanks to grocery and fitness anchors
More about this property
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