Property profile

1515 Lee St Des Plaines, IL 60018

OFF-MARKET
Retail properties & Spaces
137,880 SF 0.55 ac lot
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Property summary

AI-generated overview

The Oaks, located at 1515 Lee St, Des Plaines, IL 60018, offers a prime retail opportunity in a bustling location. This multi-tenant commercial property boasts a total of 137,880 square feet, with 32,595 square feet currently vacant and available for lease. The property sits on a 0.55-acre lot and offers flexible space options, with units ranging from a minimum of 1,165 square feet to a maximum contiguous space of 10,000 square feet. Nine individual spaces are currently available for lease, providing a variety of sizes to suit diverse business needs. The property's convenient location in Des Plaines, Illinois, ensures high visibility and accessibility for customers. This is an exceptional opportunity for businesses seeking a well-established retail space in a thriving market. The property's size and layout offer significant potential for growth and expansion. Interested parties are encouraged to inquire about available spaces and lease terms. The property is categorized as retail commercial and is ideal for a variety of retail uses.

Property profile

Verified
Property type Retail properties & Spaces
Total area 137,880 SF
Lot 0.55 ac (23,958 SF)

Cap rate & NOI

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

Location

1515 Lee St Des Plaines, IL 60018
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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