Des Plaines Redevelopment
For Sale
Contact for pricing
Pending
2720 S River Rd, Des Plaines, IL 60016
5.59-acre site with 108,125 SF building near O’Hare Airport.
Property Size108,125 SF
Lot Size5.59 Acres
Days on Market1474
Property Features for 2720 S River Rd
General Information
Standard status
Pending
Size
108,125 SF
Class
C
Lot size
5.59 Acres
Property subtype
Office
Occupancy
86%
Lease Type
Gross
Investment Type
Redevelopment
Building Details
Tenancy
Multi
Listing Agency:
Transwestern Chicago
Listed By:
Alissa Adler · License #000055930
Source:
Crexi
Added: Aug 9, 2022
Changed: Aug 8
Last Checked: Aug 20 at 9:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Transwestern Chicago
Investment Insights
Based on property information with market context.
Located in Des Plaines, Illinois, the property at 2720 River Road presents a redevelopment opportunity. The site encompasses approximately 5.59 acres and includes a 108,125 square foot office building. The property is suitable for redevelopment into multi-family housing, hospitality, senior living, or research and development facilities. The location offers proximity to O’Hare Airport, Rivers Casino, a strong office submarket, and various entertainment venues. The site benefits from direct visibility and over 550 feet of frontage on the Tri-State Tollway (I-294). The municipality of Des Plaines is considered developer-friendly and receptive to diverse uses. With 90.8% of the current tenancy expiring by the end of 2024, developers can utilize short-term leases and existing termination clauses to facilitate redevelopment options and alternative uses. The existing building features a lower level that could be repurposed for amenity space, and retaining the current footprint may lead to significant savings on development costs. The site includes over 375 surface parking spaces.
Key Highlights
- Ideal redevelopment opportunity on 5.59 acres in Des Plaines.
- Exceptional location near O’Hare Airport, Rivers Casino, and major transportation.
- Direct visibility and 550+ feet of frontage on the Tri‑State Tollway (I‑294).**
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
796
Businesses Nearby
Explore this area
Business Placement
Demographics for 60016, IL
61,888
Population
25,613
Households
2.4
Avg Household Size
42
Median Age
43%
College-Educated
89%
High-School Grad
12.1 sq mi
ZIP Area
5,115
Density / Sq Mi
$84,044
Median Household Income
$50,180
Median Earnings
$1,406
Median Rent
$300,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 5.59-acre site with 108,125 SF building near O’Hare Airport.
Where is this commercial land located?
The property is located at 2720 S River Rd Des Plaines, IL.
What are key features of this property?
This property features: Ideal redevelopment opportunity on 5.59 acres in Des Plaines.; Exceptional location near O’Hare Airport, Rivers Casino, and major transportation.; Direct visibility and 550+ feet of frontage on the Tri‑State Tollway (I‑294).**
