Property profile

669-685 Graceland Ave Des Plaines, IL 60016

OFF-MARKET
Lifestyle centers
10,600 SF
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Property summary

AI-generated overview

This exceptional 10,600 square foot shopping center, located in the Des Plaines Business District, presents a prime retail investment opportunity. The property boasts 21 suites in total, with one immediately available space measuring 1,470 square feet. Its prime location on Graceland Avenue ensures excellent visibility and exposure to a high volume of traffic. The center benefits from its adjacency to the Welkin Apartment Building, providing a built-in customer base, and its proximity to the train station, enhancing accessibility for both shoppers and employees. This multi-tenant property offers a diverse range of possibilities for retailers seeking a vibrant and well-connected location. The Cook County location provides access to a large and diverse consumer market. The available space is ideal for a variety of retail uses, and the existing tenant mix offers a synergistic environment. This is a rare opportunity to acquire a well-established retail center in a thriving business district. The property's strong location and existing infrastructure make it an attractive investment for both seasoned and emerging retail operators. The available suite offers a chance to establish a presence in a high-traffic area with significant foot and vehicle traffic. Don't miss this chance to secure a prominent retail space in a desirable location.

Property profile

Verified
Property type Lifestyle centers
Total area 10,600 SF

Cap rate & NOI

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

Location

669-685 Graceland Ave 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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