Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Retail properties & Spaces

    1290 Northwest Hwy, Des Plaines, IL 60016

    1,775 SF 0.31 ac lot Built 1985
    Property ID
    Property summary
    AI-generated overview

    This exceptional Class A restaurant, located at 1290 E Northwest Hwy in Des Plaines, IL 60016, is available for $688,000. Boasting 1,775 square feet on a 0.31-acre lot, this vacant property offers a turnkey opportunity for an owner-operator. Built in 1985 and extensively renovated in 2018, the building features a clean interior and is exceptionally well-maintained. The property benefits from a prominent location at the hard corner of Northwest Hwy (Rt 14) and Laurel Ave, with a large pylon sign ensuring high visibility. Ample parking is provided with 16 spaces. The high-traffic location sees nearly 20,000 vehicles pass daily. This area offers significant demographic advantages, with a population of 57,106 within a 2-mile radius and 303,196 within a 5-mile radius, boasting average household incomes of $94,344 and $110,104 respectively. The strong employment base includes nearly 22,000 employees within 2 miles and over 192,000 within 5 miles, primarily in education/health services and trade/transportation/utilities. Conveniently located 0.3 miles from the Des Plaines Metra Train Station (Union Pacific Northwest) and served by Pace Bus route #208, this property enjoys excellent accessibility. The revitalized downtown Des Plaines, with its surge in new apartment development, further enhances the property's appeal. This is a rare opportunity to acquire a well-established restaurant in a thriving location.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1985
    Total area 1,775 SF
    Lot 0.31 ac (13,504 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Los Azares Mexican Grill Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 1290 Northwest Hwy?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    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