Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    2720 River Rd Des Plaines, IL 60016

    Sponsored
    For Sale
    Contact for pricing

    Prime O'Hare location, 108,125 SF office building

    Property size:
    108,125 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5.59-acre site at 2720 S River Rd, Des Plaines, IL 60016, offers a unique redevelopment opportunity. The existing 108,125 square foot Class C office building, currently 86% occupied, presents a compelling investment. With over 90% of tenancy expiring by the end of 2024, developers can leverage short-term leases and existing termination clauses to facilitate various redevelopment options. The property boasts a highly visible location with over 550 feet of frontage on the Tri-State Tollway (I-294), providing exceptional access to O'Hare International Airport, Rivers Casino, and a thriving office submarket. The site's abundant parking (over 375 spaces) and a lower level ideal for amenity space offer significant advantages. Des Plaines' developer-friendly environment and the potential for C-PACE financing further enhance the appeal. Considered uses include multi-family residential, hospitality, senior living, or research and development. The existing building's footprint can significantly reduce development costs. This is a rare chance to acquire infill acreage in a prime Chicagoland location.

    Property Features for 2720 River Rd

    General Information

    Property type
    Office space
    Square Feet
    108,125 SF
    Class
    C
    Lot Size
    243,500 SF

    HighLights

    • High‑visibility 5.59‑acre site on I‑294 (Tri‑State Tollway) near O'Hare International Airport.
    • Existing 108,125 SF Class C office building, 86% occupied, with significant lease expirations by end of 2024, allowing for redevelopment.
    • Opportunity to utilize C‑PACE financing for energy‑efficient improvements.
    • Ideal location for multifamily, hospitality, senior living, or R&D; over 375 parking spaces and lower‑level amenity space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ridgeland Partners Consultant CSN LLC Steel Distributor First Midwest Insurance ... Auto Insurance Agency RAM Communications Inc Telecommunications Service Provider . Club

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Plaines
    County
    Cook
    State
    Illinois
    Longitude
    -87.8664071
    Latitude
    42.003281

    Nearby Similar for Sale

    • $555,000
      2.12 Acres

      Des Plaines Office/Flex Condos

      Combined office/flex condos with offices, restrooms, conference room, kitchen.
      304 Howard Ave, Des Plaines, IL 60018
      View Details
    • $1,917,000
      1.00 Acre

      Des Plaines Industrial Warehouse/Showroom

      Renovated industrial warehouse with showroom, high traffic location.
      1628 Rand Rd, Des Plaines, IL 60016
      View Details
    • $424,900
      0.21 Acres

      Downtown Des Plaines Mixed-Use Property

      Charming mixed-use property in downtown Des Plaines with commercial/residential potential.
      1330 Webford Ave, Des Plaines, IL 60016
      View Details
    • $424,900
      0.21 Acres

      Downtown Des Plaines Mixed-Use Property

      Charming mixed-use property in downtown Des Plaines with commercial/residential potential.
      1330 Webford Ave, Des Plaines, IL 60016
      View Details
    • $189,000
      0.05 Acres

      Established Liquor Store Business Opportunity

      Profitable liquor store business for sale in Des Plaines.
      1185 Elmhurst Rd, Des Plaines, IL 60016
      View Details
    • Contact for pricing

      Established Barber Shop For Sale

      Profitable barber shop with loyal clientele in busy business center.
      630 W Algonquin Rd, Des Plaines, IL 60016
      View Details
    • $1,299,000
      0.35 Acres

      Des Plaines C5 Office Building

      Two-story office building with elevator and 26 parking spaces.
      770 Lee St, Des Plaines, IL 60016
      View Details
    • New
      $945,000
      0.18 Acres

      Des Plaines Multifamily Investment Opportunity

      Six-unit building in desirable location with immediate income and value-add potential.
      8807 Dee Rd, Des Plaines, IL 60016
      View Details
    • $420,000
      2,153 SF

      Meticulously Cared For Lexington Park Townhome

      Move-in ready, 3-story townhome with updates from top to bottom.
      1245 Evergreen Ave, Des Plaines, IL 60016
      View Details
    • $444,990

      Spacious Home with Bonus Room

      Three-bedroom home with bonus room, rear garage, and balcony.
      1550 Times Dr, Des Plaines, IL 60018
      View Details
    • $390,000

      Luxury Condo in Des Plaines

      New construction condo with premium finishes, available summer.
      9396 Landings Ln, Des Plaines, IL 60016
      View Details
    • $360,000

      Luxury Condo in Des Plaines

      New construction, two-bedroom condo with premium finishes, available September.
      9396 Landings Ln, Des Plaines, IL 60016
      View Details

    FAQs

    What type of property is this?
    Office space - Prime O'Hare location, 108,125 SF office building
    Where is this office space located?
    The property is located at 2720 River Rd Des Plaines, IL.
    What are key features of this property?
    This property features: High-visibility 5.59-acre site on I-294 (Tri-State Tollway) near O'Hare International Airport.; Existing 108,125 SF Class C office building, 86% occupied, with significant lease expirations by end of 2024, allowing for redevelopment.; Opportunity to utilize C-PACE financing for energy-efficient improvements.
    Request Owner's contact information
    2720 River Rd Des Plaines, IL 60016
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2720 River Rd
    Des Plaines, IL 60016
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2720 River Rd Des Plaines, IL 60016
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.