Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9570 Potter Rd Des Plaines, IL 60016

    • Neighborhood centers
    • 6,600 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Extra value food & Liquor / (Bike/Boat/Book/etc) Store / Wine and Liquor Store

    Property Details for 9570 Potter Rd

    Property size
    6,600 SF
    Property type
    Neighborhood centers
    Property subtype
    Community centers

    Description

    This exceptional retail opportunity presents a 6,600 square foot neighborhood center situated at the highly visible, signalized intersection of Golf Road and Potter Road in Des Plaines, Illinois. The single-story building comprises five individual suites, with 900 square feet currently available for lease. This presents a unique chance for expansion or new tenancy within a thriving commercial area. The property boasts excellent visibility and accessibility, being conveniently located just half a mile from I-294 and a little over a mile from Milwaukee Avenue. The strategic location benefits from proximity to major retail anchors, including the Golf Mill Shopping Center and an adjacent Walmart, ensuring high foot traffic and strong consumer demographics. The property's location at a lighted intersection further enhances its visibility and accessibility for potential customers. The total building size is 6,600 square feet, offering a variety of options for businesses seeking retail space in a high-traffic area of Cook County. This is an ideal location for businesses seeking exposure to a large customer base in a well-established commercial area. The available 900 square feet provides flexibility for various retail concepts. The property's strong location and high traffic counts make it an attractive investment opportunity. The zip code is 60016.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Des Plaines
    County
    Cook
    State
    Illinois
    Longitude
    -87.8605
    Latitude
    42.0532

    Comparable in this City

    • Value Estimation by Request
      10,600 SF

      669-685 Graceland Ave

      Lifestyle centers • 10,600 SF
      669-685 Graceland Ave, Des Plaines, IL 60016
      View Details
    • Value Estimation by Request

      615-699 Wolf Rd

      Neighborhood centers
      615-699 Wolf Rd, Des Plaines, IL 60016
      View Details
    • Value Estimation
      $7,550,000
      0.58 Acres

      8630 Golf Rd

      MINI-MALL • 0.58 Acres
      8630 Golf Rd, Des Plaines, IL 60016
      View Details
    • Value Estimation by Request
      0.91 Acres

      955 Elmhurst Rd

      MINI-MALL • 0.91 Acres
      955 Elmhurst Rd, Des Plaines, IL 60016-5606
      View Details
    • Value Estimation by Request
      0.75 Acres

      656 Algonquin Rd

      MINI-MALL • 0.75 Acres
      656 Algonquin Rd, Des Plaines, IL 60016-5760
      View Details
    • Value Estimation
      $2,165,000
      0.21 Acres

      611 Golf Rd

      MINI-MALL • 0.21 Acres
      611 Golf Rd, Des Plaines, IL 60016-2462
      View Details

    Similar Nearby for Sale

    • $795,000
      0.62 Acres

      Des Plaines Retail Redevelopment Opportunity

      1,700 SF Storefront, High Traffic Location
      864 Rand Rd, Des Plaines, IL 60016
      View Details
    • $688,000
      1,775 SF

      Des Plaines Restaurant - $688K

      Prime Des Plaines restaurant, high traffic location.
      1290 Northwest Hwy, Des Plaines, IL 60016
      View Details
    • $899,400
      2,500 SF

      Des Plaines Bank Building - For Sale

      Vacant Bank Building, 2500 SF, Prime Location
      379 River Rd, Des Plaines, IL 60016
      View Details
    • $925,000
      2,800 SF

      Turn-Key Restaurant with Drive-Thru

      2,800 SF turn-key restaurant with drive-thru and ample parking.
      20 W Golf Rd, Des Plaines, IL 60016
      View Details
    • Contact for pricing

      Secured Storage Site For Sale

      Fenced and lit site with covered storage, ideal for retail.
      1000 Lee St, 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

    Similar Nearby for Lease

    • $13 SF/Yr
      10,600 SF

      Des Plaines Retail Center Opportunity

      High-traffic retail space available.
      669-685 Graceland Ave, Des Plaines, IL 60016
      View Details
    • Contact for pricing
      3,229 SF

      Des Plaines Retail Space Available

      Three retail spaces, high visibility, strong traffic.
      603 Golf Rd, Des Plaines, IL 60016
      View Details
    • Contact for pricing
      1,080 SF

      Rayyan Plaza IV: Retail Space Available

      Prime retail space in high-traffic location.
      615-699 Wolf Rd, Des Plaines, IL 60016
      View Details
    • $24 SF/Yr
      5,200 SF

      Des Plaines Office/Retail Gem

      Prime Des Plaines location, flexible space.
      682 Lee St, Des Plaines, IL 60016
      View Details
    • $20 SF/Yr
      17,144 SF

      Des Plaines Retail Space Available

      Retail property available for lease in Des Plaines, Illinois.
      1552 Rand Rd, Des Plaines, IL 60016
      View Details
    • Contact for pricing
      1,712 SF

      Community Center Retail Space Available

      Community center with high traffic and strong anchor tenants.
      721-785 W Golf Rd, Des Plaines, IL 60016
      View Details
    Request Owner's contact information
    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.
    9570 Potter 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 Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.