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    950 Lee St Des Plaines, IL 60016

    Sponsored
    For Lease
    $13 SF/Yr

    Prime Des Plaines Office Space: Multiple Suites Available

    Lot size:
    33,270 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    950 Lee Street offers exceptional office space in downtown Des Plaines. This three-story, Class B building boasts 33,270 square feet of leasable area, with four available suites ranging from 928 to 5,097 square feet, suitable for various office needs including executive, traditional, medical, or creative uses. The building features convenient amenities such as covered parking, a large glass elevator, and prominent exterior signage opportunities. Tenants enjoy a shared break room equipped with vending machines, five-day janitorial service, and a reliable HVAC system. Its central location provides easy access to a wide array of dining options, including Sugar Bowl, Thai Square, Boston Fish Market, and numerous fast-food chains. Commuting is simplified by its proximity to the Metra Northwest Line (a four-block walk from Des Plaines Station) and nearby Pace Bus routes #226 and #250. The building benefits from its location near O'Hare International Airport and within a thriving community. Des Plaines has been recognized for its economic dynamism, ranking as the 10th fastest-growing city in Illinois by NerdWallet and among the 35 best places to live in the USA by MONEY magazine. Its diverse economic base offers a strong foundation for businesses of all sizes. Multiple tenancy options are available to accommodate various business needs and growth strategies. This property presents a unique opportunity to establish a presence in a vibrant and strategically located suburban Chicago community.

    Property Features for 950 Lee St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    33,270 SF
    Class
    B
    Total Rate
    36042.5

    Unit(s) available at that property

    Space
    100
    Size
    1,542 SF
    Rate per SF
    $13
    Space
    108
    Size
    1,645 SF
    Rate per SF
    $13
    Space
    103
    Size
    928 SF
    Rate per SF
    $13
    Space
    110
    Size
    5,097 SF
    Rate per SF
    $13

    HighLights

    • 950 Lee St, Des Plaines, IL: 33,270 SF Class B Office Building with Multiple Tenancies Available.
    • Four suites available, ranging from 928 SF to 5,097 SF.
    • Amenities include covered parking, elevator, exterior signage, common breakroom, and 5‑day janitorial service.
    • Excellent location: Short walk to Metra & Pace bus routes, near O'Hare Airport.
    Property Profile Location Intelligence

    Current Use by Public Records

    Frank J. Baker ... Tax Assessor Daisy fix it Mobile Phone Repair Shop Financial Wize Home ... Assisted Living Facility Georgemiller, Whyte & Associates Psychologist State Farm Insurance Insurance Agency

    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
    -87.8924817
    Latitude
    42.0362459

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    FAQs

    What type of property is this?
    Office space - Prime Des Plaines Office Space: Multiple Suites Available
    Where is this office space located?
    The property is located at 950 Lee St 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: 950 Lee St, Des Plaines, IL: 33,270 SF Class B Office Building with Multiple Tenancies Available.; Four suites available, ranging from 928 SF to 5,097 SF.; Amenities include covered parking, elevator, exterior signage, common breakroom, and 5-day janitorial service.
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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
    950 Lee St Des Plaines, IL 60016
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