1580 S Cora Street, Des Plaines, IL 60018
COMMERCIAL - Des Plaines, IL
- Added:
- Jan 16, 2026
- Days on Market:
- 165
- Last Refresh:
- Jun 30 at 9:06 am
Property Features for 1580 S Cora Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COMMR
- Standard status
- Active
- APN
- 09204170340000
- Size
- 3,000 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 24249
Utilities
- Cooling system
- Central Air
Building Details
- Floors in Building
- 1
- Building materials
- Brick
Listing agent Mark Ahmad License #471007186 (312) 513-4490
Listing office Century 21 Circle 3372 W Devon Ave, Chicago, IL (773) 465-4200
Listing date Jan 16, 2026
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High‑visibility location at the intersection of Oakton St. and Cora St., next to a high‑traffic gas station.
- Well‑established auto repair facility operating for decades.
- 3,000 sq ft building with 3‑4 bays and 2 drive‑in access.
- Outdoor work/storage area.
- Convenient access to major roadways and multiple interstates.
- Mixed‑use corridor location surrounded by industrial, commercial, and residential properties.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.8k | $21.60 |
| − Vacancy | −$5.3k | −$1.77 |
| EGI | $59.5k | $19.83 |
| − OpEx | −$17.8k | −$5.95 |
| NOI | $41.6k | $13.88 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Midas — 981 E Oakton St, Des Plaines, IL 60018
- Dereks Auto Body — 1744 S River Rd, Des Plaines, IL 60018
- Goddi Repair — 1970 Spruce Ave, Des Plaines, IL 60018
- Quick Service Auto Center — 1688 Lee St, Des Plaines, IL 60018
- Golf Mill Auto Center — 1964 Mannheim Rd, Des Plaines, IL 60018
Location Insight
- Map
- Local Demand
- City
- Des Plaines
- County
- Cook
- State
- Illinois
- Longitude
- -87.8863748
- Latitude
- 42.0246944
