Contractor Office with Fenced
427 E Golf Rd Des Plaines, IL 60016
For Sale
Contact for pricing
Updated office building with newly improved exterior, LED lighting, and a fenced rear lot for contractor use.
Property Size1,500 SF
Price / SF$266.67
Days on Market106
Property Features for 427 E Golf Rd
General Information
Standard status
Active
Size
1,500 SF
Property subtype
OFFICE
Listing Agency:
Brown Commercial Group
(847) 775-0354
Listed By:
Jim Pietrarosso · License #475122538
Source:
Moodyscre
Added: Apr 16
Changed: Jul 28
Last Checked: Jul 29 at 3:26PM
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 Brown Commercial Group
Investment Insights
Based on property information with market context.
This well maintained, updated commercial building includes exterior improvements such as tuckpointing and painting, new brick installed on the storefront, and a resealed front parking lot. Interior updates include new paint, new carpeting in one office, and replacement of all existing lights with LED lighting. A fenced rear lot supports contractor-style office and yard use.
The property is located at 427 E Golf Rd in Des Plaines, IL, offering a dedicated fenced area at the rear for equipment staging or related on-site needs while keeping an office environment in place.
The property is located at 427 E Golf Rd in Des Plaines, IL, offering a dedicated fenced area at the rear for equipment staging or related on-site needs while keeping an office environment in place.
Key Highlights
- Updated office building with exterior tuckpointing and new paint
- New brick installed on the storefront
- Front parking lot resealed
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 | $36.7k | $24.48 |
| − Vacancy | −$9.1k | −$6.10 |
| EGI | $27.6k | $18.38 |
| − OpEx | −$6.9k | −$4.60 |
| NOI | $20.7k | $13.79 |
1,500 SF · lease $24.48/SF/yr · vacancy 24.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$295.5K
$258.5K – $344.7K
NOI $20,683 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$517.9K
$453.2K – $604.2K
NOI $36,252 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Updated office building with newly improved exterior, LED lighting, and a fenced rear lot for contractor use.
Where is this office units located?
The property is located at 427 E Golf Rd Des Plaines, IL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Updated office building with exterior tuckpointing and new paint; New brick installed on the storefront; Front parking lot resealed
