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    669-685 Graceland Ave Des Plaines, IL 60016

    Sponsored
    For Lease
    $13 SF/Yr ($11,483 /Mo)

    High-traffic retail space available.

    Lot size:
    10,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 10,600 square foot shopping center, located in the Des Plaines Business District, presents a prime retail investment opportunity. The property boasts 21 suites in total, with one immediately available space measuring 1,470 square feet. Its prime location on Graceland Avenue ensures excellent visibility and exposure to a high volume of traffic. The center benefits from its adjacency to the Welkin Apartment Building, providing a built-in customer base, and its proximity to the train station, enhancing accessibility for both shoppers and employees. This multi-tenant property offers a diverse range of possibilities for retailers seeking a vibrant and well-connected location. The Cook County location provides access to a large and diverse consumer market. The available space is ideal for a variety of retail uses, and the existing tenant mix offers a synergistic environment. This is a rare opportunity to acquire a well-established retail center in a thriving business district. The property's strong location and existing infrastructure make it an attractive investment for both seasoned and emerging retail operators. The available suite offers a chance to establish a presence in a high-traffic area with significant foot and vehicle traffic. Don't miss this chance to secure a prominent retail space in a desirable location.

    Property Features for 669-685 Graceland Ave

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,600 SF
    Total Rate
    11483.33

    Unit(s) available at that property

    Space
    683
    Size
    1,470 SF
    Rate per SF
    $13

    HighLights

    • Retail/Land property totaling 10,600 square feet with 21 suites in Cook County.
    • One 1,470 square foot retail space currently available.
    • Located in the Des Plaines Business District with high visibility on Graceland Avenue.
    • Adjacent to a large apartment building and near a train station.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Plaines
    County
    Cook
    State
    Illinois
    Longitude
    -87.8898941
    Latitude
    42.0409343

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    FAQs

    What type of property is this?
    Lifestyle center - High-traffic retail space available.
    Where is this lifestyle center located?
    The property is located at 669-685 Graceland Ave Des Plaines, IL.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: Retail/Land property totaling 10,600 square feet with 21 suites in Cook County.; One 1,470 square foot retail space currently available.; Located in the Des Plaines Business District with high visibility on Graceland Avenue.
    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
    669-685 Graceland Ave Des Plaines, IL 60016
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