38 N Broadway Street #3, Des Plaines, IL 60016
Well-maintained office space near transportation, available July 1, 2026.
- Added:
- May 18, 2026
- Days on Market:
- 29
- Last Refresh:
- May 18 at 8:57 pm
Property Features for 38 N Broadway Street #3
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1962
Listing agent MARY CHILDERS
Listing office KELLER WILLIAMS THRIVE (847) 241-2200
Listing date May 18, 2026
Source Corcoran
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 KELLER WILLIAMS THRIVE
HighLights
- Across from Des Plaines - Cumberland METRA station.
- Updated interior.
- Nearly 2000 square foot building.
- Two washrooms and kitchenette.
- Front and side entrances.
- On PACE bus route.
Overview
Local Financial Insights For Office B
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 | $49.0k | $24.48 |
| − Vacancy | −$12.2k | −$6.10 |
| EGI | $36.8k | $18.38 |
| − OpEx | −$9.2k | −$4.60 |
| NOI | $27.6k | $13.79 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Des Plaines
- County
- Cook
- State
- Illinois
- Longitude
- -87.9100199
- Latitude
- 42.0522233
