1855-1881 Oakton St Des Plaines, IL 60018

Property Details for 1855-1881 Oakton St

Lot size

0.63 lot acres

Property size

1,500 SF

Property type

Retail properties

Property subtype

Mixed-use properties

Description

This exceptional 0.63-acre commercial property, located at 1855-1881 E Oakton Street in Des Plaines, Illinois, presents a compelling value-add investment opportunity. The property features a 1,500 square foot single-tenant building currently vacant, offering flexibility for owner-occupancy, leasing, or redevelopment. Situated on nine contiguous parcels, the property boasts excellent visibility and high traffic counts on E Oakton Street, with over 18,200 vehicles passing daily. Its strategic location is just 300 feet from the intersection with S River Road (US Route 12) and a mile from Lee Street (US Route 45) and the Dee Road Metra Station, providing easy access to Interstates 294 and 90, and Pace bus routes. The C-3 General Commercial zoning allows for diverse uses, maximizing redevelopment potential. The property benefits from a strong consumer base, with over 156,600 people within a 3-mile radius and an average household income exceeding $147,220. Nearby amenities include national retailers, Oakton Community College, and the Allstate Arena, further enhancing its appeal. The property is also situated within a Tax Increment Finance District, offering potential incentives for development. The high traffic counts, strong demographics, and versatile zoning make this a prime location for a variety of commercial ventures. The asking price is $925,000, with a land value of $35 per square foot.