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    379 River Rd Des Plaines, IL 60016

    Sponsored
    For Sale
    $899,400

    Vacant Bank Building, 2500 SF, Prime Location

    Property size:
    2,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, located at 379 S River Rd in Des Plaines, Illinois (zip code 60016), presents a unique investment opportunity. The building, encompassing 2,500 square feet, is currently vacant and zoned for commercial use. Previously operating as a bank branch, this property offers a versatile space adaptable to a variety of businesses. The asking price is $899,400, translating to a price per square foot of $359.76. Situated in Cook County, Illinois, the property benefits from a highly visible location along S River Rd. Its convenient access and established commercial zoning make it an ideal site for a range of enterprises. The building's previous use as a bank suggests a solid foundation and potentially desirable features for a variety of businesses. This is a rare opportunity to acquire a well-located, sizable commercial space in a thriving area. The property's size and location offer significant potential for future growth and profitability. Serious inquiries are encouraged to explore the possibilities of this prime commercial real estate offering. The property is ready for immediate occupancy and customization to suit the needs of a new owner. This is a turnkey opportunity to establish a successful business in a high-traffic area.

    Property Features for 379 River Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,500 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Byline Bank Bank

    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
    -87.8850652
    Latitude
    42.0467737

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    FAQs

    What type of property is this?
    Individual retail property - Vacant Bank Building, 2500 SF, Prime Location
    Where is this individual retail property located?
    The property is located at 379 River Rd Des Plaines, IL.
    What is the asking price?
    The asking price for this property is $899,400.
    Request Owner's contact information
    379 River Rd Des Plaines, IL 60016
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    Des Plaines, IL 60016
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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
    379 River Rd Des Plaines, IL 60016
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