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    795 Center St Des Plaines, IL 60016

    Sponsored
    For Sale
    $5,850,000

    Three-story school building, 45,220 SF

    Property size:
    45,220 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a three-story, 45,220-square-foot school building situated on a 1.03-acre lot in Des Plaines, Illinois. Located at 795 Center Street, this property boasts a prime location, a short walk from downtown Des Plaines. The building, currently used as St. Mary Catholic School, is constructed of masonry and offers significant potential for redevelopment or repurposing. The property features 266 feet of frontage on Center Street and 170 feet on E. Prairie Avenue. Des Plaines is a vibrant community, just 17 miles northwest of downtown Chicago, offering easy access to O'Hare International Airport and major transportation routes, including interstates and rail lines. The area is known for its diverse population and rich heritage, providing a strong foundation for future development. The property is zoned R-4, and its assessed property number (APN) is 09-20-201-002(3)(4)(5)-0000. The asking price for this unique property is $5,850,000. This presents a rare chance to acquire a substantial property in a thriving location with significant upside potential.

    Property Features for 795 Center St

    General Information

    Property type
    Schools
    Square Feet
    45,220 SF
    Lot Size
    44,867 SF

    Building Details

    Stories
    3

    HighLights

    • Sale Price: $5,850,000
    • Special Purpose Property
    • 45,220 Square Foot Building
    Property Profile Location Intelligence

    Current Use by Public Records

    St. Benedict Technology ... Non-Profit Organization St Mary Pads ... Homeless Shelter

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Des Plaines
    County
    Cook
    State
    Illinois
    Longitude
    -87.888237
    Latitude
    42.0386933

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    FAQs

    What type of property is this?
    School - Three-story school building, 45,220 SF
    Where is this school located?
    The property is located at 795 Center St Des Plaines, IL.
    What is the asking price?
    The asking price for this property is $5,850,000.
    What are key features of this property?
    This property features: Sale Price: $5,850,000; Special Purpose Property; 45,220 Square Foot Building
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    795 Center St Des Plaines, IL 60016
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