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

    1185 Elmhurst Rd Des Plaines, IL 60016

    • Specialty properties
    • 1 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • DN Liquors / (Bike/Boat/Book/etc) Store / Wine and Liquor Store
    • GOGO FOOD & LIQUOR / Grocery & Convenience Store
    • George's liquor & tobacco / (Bike/Boat/Book/etc) Store / Wine and Liquor Store

    Property Details for 1185 Elmhurst Rd

    Property size
    1 SF
    Property type
    Specialty properties
    Property subtype
    Retail properties

    Description

    This exceptional opportunity presents a thriving liquor store located at 1185 Elmhurst Road, Des Plaines, IL, 60016, in Cook County. Priced at $199,000, this turnkey business boasts a prime location within a shopping center, benefiting from ample on-site parking and proximity to both residential and commercial districts. The 1-square-foot store enjoys 100% occupancy and operates seven days a week from 11:00 a.m. to 11:00 p.m., generating approximately $50,000-$55,000 in monthly gross sales. All fixtures, features, and equipment are included in the sale, along with the valuable inventory. The current lease is a NNN (Net Lease) agreement with a monthly cost of $3,200, featuring 3 years remaining and a 3-year option. The seller is motivated to sell due to an inability to maintain the long working hours required. This is a fantastic opportunity for an entrepreneur seeking a well-established, profitable business in a high-traffic area with convenient access to public transportation. The business is currently operating under a single tenancy. Serious inquiries only. Please note that the business is for sale only

    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
    -87.9399
    Latitude
    42.0315

    Comparable in this City

    • Value Estimation by Request
      45,220 SF

      795 Center St

      Schools • 45,220 SF
      795 Center 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
      6,600 SF

      9570 Potter Rd

      Neighborhood centers • 6,600 SF
      9570 Potter Rd, Des Plaines, IL 60016
      View Details
    • Value Estimation by Request
      16,680 SF

      1575 Ellinwood St

      Restaurants • 16,680 SF
      1575 Ellinwood St, Des Plaines, IL 60016
      View Details
    • 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
      16,680 SF

      1575 Ellinwood St

      Retail properties • 16,680 SF
      1575 Ellinwood St, Des Plaines, IL 60016
      View Details

    Similar Nearby for Sale

    • $5,850,000
      45,220 SF

      Des Plaines School - $5.85M

      Three-story school building, 45,220 SF
      795 Center St, Des Plaines, IL 60016
      View Details
    • $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

    Similar Nearby for Lease

    • $10 SF/Yr
      75,596 SF

      Des Plaines Office Building for Lease

      75,000+ sqft Office Space Available
      2454 Dempster St, 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

      Des Plaines Commercial Space Available

      Office, retail, or medical space near Metra and downtown.
      770 Lee St, Des Plaines, IL 60016
      View Details
    • $24 SF/Yr
      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
    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.
    1185 Elmhurst 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.