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Retail Space with Shared Parking
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770 Lee Street, Des Plaines, IL 60016

Commercial Lease, Des Plaines, IL

Space SizeContact for details
Lot Size0.35 Acres
Days on Market2

Property Features for 770 Lee Street

General Information

Property type Commercial Lease
Property subtype Other
Zoning COMMR
Directions between Thacker St. and Miner St. Across from New Town homes.
Subdivision Des Plaines
Standard status Active
Lot size 0.35 Acres

Additional Details

Utilities Included in Rent heating, garbage

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 42496

Utilities

Cooling system Central Air

Building Details

Year built 1967
Floors in Building 2
Number of units 7
Flooring type Carpet
Building materials Brick
Listing Agency: HomeSmart Connect LLC · HomeSmart International
Listed By: Rosa Pena · License #475141934
Added: Oct 31 Last Checked: Nov 1 at 4:06AM
MLS# 12798620

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.

Rey
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Investment Insights

Based on property information with market context.

This brick retail property at 770 Lee Street offers larger and smaller spaces, with build-to-suit work available under a three-year lease. The building dates to 1967 and has carpet flooring and central air conditioning. Shared parking accommodates 25 vehicles.

The property is about 1.5 blocks from the Des Plaines Metra station and within walking distance of downtown Des Plaines. O’Hare International Airport is 6.9 miles away, and the Rosemont Convention Center is 6.0 miles away. Lease inclusions cover heating, light janitorial service three days per week, and garbage collection. The tenant is responsible for a portion of property taxes, electricity, air conditioning, and insurance for the office space.

Key Highlights

  • 25 shared parking spaces
  • About 1.5 blocks from the Des Plaines Metra station
  • 6.9 miles from O’Hare Airport and 6.0 miles from Rosemont Convention Center

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

D Lamb Gate ... Home Health Care Service Dr. Louis Sorto Physician Fichera & Miller P.C. Law Firm Dr. Lisa Levick ... Physician Steven M. Pesenko, ... Physician

Suggested Use

Top Pick Real Estate Agency Daycare Center Barber Shop (Bike/Boat/Book/etc) Store Acupuncture Tattoo & Piercing Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,509
Businesses Nearby
2k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Public Storage Shops & Services
1,666 visits/mo 0.4 miles

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Des Plaines, IL

$17.67 /SF/Yr
Avg Asking Price
$13–$25 /SF/Yr
Price Range
2,348 SF
Avg Space Size

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Retail space - Lease terms include heat, light janitorial service, and garbage collection.
Where is this retail space located?
The property is located at 770 Lee Street Des Plaines, IL.
What are key features of this property?
This property features: 25 shared parking spaces; About 1.5 blocks from the Des Plaines Metra station; 6.9 miles from O’Hare Airport and 6.0 miles from Rosemont Convention Center
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