For Lease
$26/SF/YR

1575 Ellinwood StDes Plaines, IL 60016

Prime Retail/Office Space, Des Plaines, IL

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
104
This exceptional Des Plaines investment opportunity presents a fully vacant, multi-tenant retail and office building totaling 16,680 square feet, situated on a 0.43-acre lot. The property, comprised of three buildings, boasts five individual suites ranging from 2,500 to 8,200 square feet, offering flexible space for various businesses. Recently renovated in 2024, the property features nine parking spaces and is conveniently located at 1575 Ellinwood Ave, Des Plaines, IL 60016. Its strategic location is adjacent to a new 113-unit luxury apartment complex (Ellison Apartments) and directly across from the Des Plaines Metra Train Station, providing access to 880,000 monthly commuters. The surrounding area demonstrates strong demographics, with a population of 128,372 within a 3-mile radius (49,458 households) and 316,833 within a 5-mile radius (122,916 households). Average household incomes in these areas are $96,831 and $110,110 respectively. The property is zoned C-5 and benefits from Des Plaines' Boost & Growth grant programs offering matching grants for eligible businesses. Built in 1939, this property offers a unique blend of historical charm and modern updates, making it an ideal investment for savvy entrepreneurs seeking a high-traffic location with significant growth potential. The property's APN is 09-17-421-026-0000

Highlights

  • Former Oliveti's Italian Restaurant space available.
  • High-traffic location.
  • Excellent visibility and signage opportunities.
  • Turnkey restaurant space with existing kitchen equipment.
  • Ample parking available.

Property Details for 1575 Ellinwood St

Property type
Other retail properties, Other office properties
RSF (Rentable sq. ft)
16,680 SF
Year Built/Renovated
1939/2024
Buildings
3

Unit(s) available at that property

Space
1st Floor
Size
2,500 SF
Rate per SF
$26
Space
1st Floor
Size
8,200 SF
Rate per SF
$26

Location Insight

City
Des Plaines
County
Cook
State
Illinois
Latitude
42.03954809719
Longitude
-87.884544983759
1575 Ellinwood St, Des Plaines, Illinois

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FAQs

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Contacts

Theron May
Theron May
Ryan Smith
Ryan Smith
Visit Broker Website

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1575 Ellinwood St, Des Plaines, Illinois, 60016

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

1575 Ellinwood St
  • Theron May
    Theron May
  • Ryan Smith
    Ryan Smith
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