Well-Maintained Bank or Retail
For Sale
Contact for pricing
379 N River Rd, Des Plaines, IL 60016
Well-maintained corner facility on a signalized intersection with commercial zoning and 48,000+ vehicles per day.
Property Size2,500 SF
Price / SF$316
Days on Market195
Property Features for 379 N River Rd
General Information
Standard status
Active
Size
2,500 SF
Property subtype
RETAIL
Listing Agency:
DarwinPW Realty/CORFAC International
(708) 805-1181
Listed By:
Jerry Sullivan
(708) 805-1181
Source:
Moodyscre
Added: Jan 16
Changed: Jul 26
Last Checked: Jul 26 at 12:48AM
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 DarwinPW Realty/CORFAC International
Investment Insights
Based on property information with market context.
Well-maintained facility offered for sale at 379 N River Rd, Des Plaines, IL 60016. The property totals 2,500 square feet and sits on a hard corner at a signalized intersection, supporting straightforward storefront visibility and customer access.
The site is zoned commercial and is positioned within one mile of a full interchange to I-294. Reported traffic counts are 48,000+ vehicles per day, and the property is described as minutes from O’Hare Airport.
The site is zoned commercial and is positioned within one mile of a full interchange to I-294. Reported traffic counts are 48,000+ vehicles per day, and the property is described as minutes from O’Hare Airport.
Key Highlights
- Located on a signalized intersection hard corner
- Commercial zoning
- 48,000+ vehicles per day
Financial Insights For Specialty 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 | $60.0k | $24.00 |
| − Vacancy | −$4.2k | −$1.68 |
| EGI | $55.8k | $22.32 |
| − OpEx | −$14.0k | −$5.58 |
| NOI | $41.9k | $16.74 |
2,500 SF · lease $24.00/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$597.9K
$523.1K – $697.5K
NOI $41,850 @ 7.0% cap · market cap 5.30%
Second Best
Retail
$495.7K
$433.8K – $578.3K
NOI $34,700 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$863.1K
$755.3K – $1.01M
NOI $60,420 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
525
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Bank - Well-maintained corner facility on a signalized intersection with commercial zoning and 48,000+ vehicles per day.
Where is this bank located?
The property is located at 379 N River Rd Des Plaines, IL.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: Located on a signalized intersection hard corner; Commercial zoning; 48,000+ vehicles per day
