1515 Lee St Des Plaines, IL 60018
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Lifestyle centers
Property Details for 1515 Lee St
- Property size
- 137,880 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Des Plaines
- County
- Cook
- State
- Illinois
- Longitude
- -87.8918
- Latitude
- 42.0244
