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    1500 Lee St Des Plaines, IL 60018

    Sponsored
    For Lease
    Contact for pricing

    Grocery-anchored center; two spaces available.

    Lot size:
    3,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Oak Leaf Commons presents a prime retail opportunity in Cook County's vibrant Oakton/Mannheim/Lee retail district. This grocery-anchored center boasts excellent visibility, situated just north of the bustling intersection of Lee Street and Oakton Street. Two retail spaces are currently available, ranging in size from 1,200 to 2,400 square feet, providing flexibility for various business needs. The property benefits from its location within a thriving retail area, surrounded by numerous national retailers, ensuring high foot traffic and strong brand recognition potential. The center is strategically positioned to capitalize on the robust demographics of the surrounding neighborhood. This is an exceptional chance to establish or expand a business in a high-demand, well-established retail environment. The property's prime location and strong tenant mix make it an attractive investment for businesses seeking a successful retail presence. The available spaces offer the ideal platform for businesses to thrive in a bustling commercial hub. Interested parties are encouraged to inquire for further details and leasing information. The property is a multiple-tenancy retail center, specifically a grocery-anchored center, offering a stable and attractive environment for potential tenants.

    Property Features for 1500 Lee St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,600 SF

    Unit(s) available at that property

    Space
    Space 1462
    Size
    2,400 SF
    Space
    Space 1460
    Size
    1,200 SF

    HighLights

    • Retail property in Cook County, IL.
    • Grocery‑anchored center with two available spaces ranging from 1,200 to 2,400 square feet.
    • Located in a high‑traffic area near the intersection of Lee Street and Oakton Street, offering excellent visibility.
    • Situated in the Oakton/Mannheim/Lee retail district with numerous national retailers.
    • Strong demographics in the surrounding neighborhood.
    Property Profile Location Intelligence

    Current Use by Public Records

    ATM Atm higi Medical Clinic Redbox Movie Rental Kiosk Jewel-Osco Deli Deli FedEx OnSite Mailing Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Plaines
    County
    Cook
    State
    Illinois
    Longitude
    -87.894689447892
    Latitude
    42.026374477481

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    FAQs

    What type of property is this?
    Retail property - Grocery-anchored center; two spaces available.
    Where is this retail property located?
    The property is located at 1500 Lee St Des Plaines, IL.
    What are key features of this property?
    This property features: Retail property in Cook County, IL.; Grocery-anchored center with two available spaces ranging from 1,200 to 2,400 square feet.; Located in a high-traffic area near the intersection of Lee Street and Oakton Street, offering excellent visibility.
    Request Owner's contact information
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    Des Plaines, IL 60018
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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
    1500 Lee St Des Plaines, IL 60018
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