Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    767 Golf Rd Des Plaines, IL 60016
    Back to Search
    Property profile & analytics

    767 Golf Rd Des Plaines, IL 60016

    View on Map
    • Retail properties & Spaces
    • 155,152 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Binny's Beverage Depot - Des Plaines / (Bike/Boat/Book/etc) Store / Wine and Liquor Store
    • Des Plaines - AllState Agency / Insurance Agency

    Property Details for 767 Golf Rd

    Property size
    155,152 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    Market Place Shopping Center, located at 767 W Golf Rd, Des Plaines, IL 60016, presents a prime retail leasing opportunity. This established center offers a variety of spaces, ideal for businesses seeking high visibility and foot traffic. The property is a multi-tenant retail center with a total building area of 155,152 square feet. Currently, there is 8,360 square feet of vacant space available, divisible into units ranging from a minimum of 1,712 square feet to a maximum contiguous space of 4,856 square feet. The flexible space options cater to a variety of business needs and sizes. The center's strategic location in Des Plaines, Illinois, ensures excellent accessibility and exposure to a large customer base. This is an exceptional chance to establish or expand your business within a thriving retail environment. The property's convenient location and ample space make it an attractive option for a wide range of retail businesses. Interested parties are encouraged to inquire about available space and lease terms. The property is classified as Retail, with subtypes including Outparcel/Pad, Retail, and In-line.

    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
    -87.9397
    Latitude
    42.0458

    Comparable in this City

    • Value Estimation by Request
      190,000 SF

      1423 Ellinwood St

      Restaurants • 190,000 SF
      1423 Ellinwood St, Des Plaines, IL 60016
      View Details
    • Value Estimation by Request

      New Development Retail Space at The Ellison

      Lease opportunity for retail space at 1555 Ellinwood Street, Des Plaines, IL
      1555 Ellinwood Street Des Plaines, IL 60016, Des Plaines, IL 60016
      View Details
    • Value Estimation by Request
      5,000 SF

      622 Northwest Hwy

      Individual retail properties • 5,000 SF
      622 Northwest Hwy, Des Plaines, IL 60016
      View Details
    • Value Estimation by Request
      0.19 Acres

      1645 Rand Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.19 Acres
      1645 Rand Rd, Des Plaines, IL 60016-3551
      View Details
    • Value Estimation by Request
      0.27 Acres

      1430 Thacker St

      RETAIL STORES (PERSONAL SERVICES) • 0.27 Acres
      1430 Thacker St, Des Plaines, IL 60016-6460
      View Details
    • Value Estimation by Request
      0.10 Acres

      822 Elmhurst Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.10 Acres
      822 Elmhurst Rd, Des Plaines, IL 60016
      View Details

    Similar Nearby for Sale

    • 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
    • $399,900
      0.21 Acres

      Downtown Des Plaines Mixed-Use Property

      Charming mixed-use property in downtown Des Plaines with commercial/residential potential.
      1330 Webford Ave, Des Plaines, IL 60016
      View Details
    • Contact for pricing
      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
    • $399,900
      0.21 Acres

      Mixed-Use Property in Downtown Des Plaines

      Charming mixed-use property with commercial and residential potential.
      1330 Webford Ave, Des Plaines, IL 60016
      View Details
    • $588,000

      Free Standing Building in Des Plaines

      Vacant, renovated building with expansion potential in a great location.
      1157 E Algonquin Rd, Des Plaines, IL 60016
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Des Plaines Commercial Space Available

      Office, retail, or medical space near Metra and downtown.
      770 Lee St, Des Plaines, IL 60016
      View Details
    • Contact for pricing
      1,935 SF

      Retail Space with Highway Access

      Retail space with high visibility and immediate highway access.
      1552-1590 Rand Rd, Des Plaines, IL 60016
      View Details
    • $27 SF/Yr
      1,295 SF

      New Retail Space Available

      Recently constructed retail space with ample parking and high visibility.
      9000 W Ballard Rd, Des Plaines, IL 60016
      View Details
    • $25 SF/Yr
      2,916 SF

      Prime Retail Space Available

      Retail space with business incentives and ample parking.
      1425 Ellinwood St, Des Plaines, IL 60016
      View Details
    • Contact for pricing
      1,349 SF

      Retail Space Near Metra Train

      Retail space in mixed-use development near Des Plaines Metra.
      1555 Ellinwood Ave, Des Plaines, IL 60016
      View Details
    • Contact for pricing
      836 SF

      Retail Space Near Metra Station

      Grocery-anchored retail space with ample parking near public transportation.
      633-657 Market St, 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.
    767 Golf 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

    Thank You for Inquiry
    767 Golf Rd, Des Plaines, IL, 60016
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!