Property profile

1423 Ellinwood St Des Plaines, IL 60016

OFF-MARKET
Retail properties & Spaces
190,000 SF Built 2022
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Property summary

AI-generated overview

This exceptional Class A, six-story, 190,000-square-foot retail and office development in Des Plaines, Illinois, offers unparalleled opportunities. Located at 1423 Ellinwood St, 60016, this new 2022 construction sits on a 2.21-acre lot and is part of a vibrant mixed-use complex including 212 luxury apartments and extensive amenities. The property features multiple tenancy options, with spaces ranging from a minimum of 1,500 square feet to a maximum contiguous space of 3,000 square feet. The building is ideally suited for a variety of uses, including creative office, medical office, executive office, traditional office, coworking, storefront, and street retail. One unit of approximately 12,916 square feet is currently available, featuring dedicated mechanical ductwork for kitchen exhaust. Build-to-suit options are available for qualified tenants. This prime location offers high visibility in the heart of Des Plaines' downtown transit-oriented district, directly across from the Metra station, providing convenient access to public transportation and major highways. The surrounding area boasts additional residential developments, ensuring a strong customer base. Business assistance grant programs from the City of Des Plaines offer incentives up to $100,000. Ample on-site and garage parking is available. This is an exceptional opportunity to establish a presence in a thriving, easily accessible location.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2022
Total area 190,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1423 Ellinwood St Des Plaines, IL 60016
Des Plaines metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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