Property summary
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
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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