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    OFF-MARKET
    Lifestyle centers

    1515 Lee St, Des Plaines, IL 60018

    137,880 SF
    Property ID
    Property summary
    AI-generated overview

    The Oaks Shopping Center presents a compelling investment opportunity in Cook County. This established 137,880 square foot shopping center boasts a prime location within a densely populated area, experiencing high traffic counts exceeding 45,000 vehicles per day. The center features a diverse mix of 27 suites, currently offering 10 available spaces ranging from 1,165 to 5,750 square feet. A significant 20,140 square feet of vacant space provides immediate potential for expansion or new tenant acquisition. The center benefits from strong daily traffic generation, anchored by a grocery store and fitness center, attracting a consistent flow of customers. Its strategic location near numerous national retail chains further solidifies its position as a key retail destination. This is an exceptional opportunity to acquire a well-established shopping center in a high-traffic, densely populated area with significant potential for growth and return on investment. The property's size and established tenant base make it an attractive option for both individual investors and larger portfolio holders seeking a stable and profitable retail investment. The available spaces offer flexibility for a variety of retail uses, catering to a wide range of potential tenants.

    Property profile
    Verified
    Property type Lifestyle centers
    Total area 137,880 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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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