Retail Strip in Des
603 Golf Rd Des Plaines, IL 60016
603 Golf Rd, Des Plaines, IL, 60016
$3,165,000
For Sale
$3,165,000
15,042 SF retail strip in high-traffic Chicago suburb.
Property Size15,042 SF
Price / SF$210.41
Days on Market58
Property Features for 603 Golf Rd
General Information
- Standard status
- Active
- Size
- 15,042 SF
- Property subtype
- Shopping Strip
Building Details
- Year Built
- 1970
Listing Agency
Marcus & Millichap | Cleveland
(216) 264-2026
Listed by
Scott Wiles · License #License(s): OH: SAL.2005013197
(216) 264-2026
Source
Marcusmillichap
Added: May 21 Checked: Jul 17 at 2:16 am
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 Marcus & Millichap | Cleveland
Investment Insights
Based on property information with market context.
Bainbridge Plaza is a 15,042-square-foot retail strip center located in Des Plaines, Illinois. The property features 11 tenant spaces. It is situated in a high-traffic area within an infill suburban Chicago location. The surrounding area has a dense residential base, with over 1,000 units located amidst several neighboring apartment communities. The property is located approximately three miles from Elk Grove Business Park, which encompasses over 62 million square feet and is considered the largest industrial park in the United States. Additionally, the property is approximately three miles from O’Hare International Airport.
Key Highlights
- High‑traffic location in Des Plaines, Illinois.
- Strong infill demographics: affluent area with high population density.
- Located near Elk Grove Business Park, the largest industrial park in the US.
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 | $324.9k | $21.60 |
| − Vacancy | −$26.6k | −$1.77 |
| EGI | $298.3k | $19.83 |
| − OpEx | −$89.5k | −$5.95 |
| NOI | $208.8k | $13.88 |
15,042 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.98M
$2.61M – $3.48M
NOI $208,785 @ 7.0% cap · market cap 6.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.19M
$4.54M – $6.06M
NOI $363,532 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bainbridge Plaza
Shopping Center & Mall
Chad Bauer
Physician
Beltone Hearing Care ...
Audiologist
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FAQs
What type of property is this?
Strip mall - 15,042 SF retail strip in high-traffic Chicago suburb.
Where is this strip mall located?
The property is located at 603 Golf Rd Des Plaines, IL.
What is the asking price?
The asking price for this property is $3,165,000.
What are key features of this property?
This property features: High‑traffic location in Des Plaines, Illinois.; Strong infill demographics: affluent area with high population density.; Located near Elk Grove Business Park, the largest industrial park in the US.
