1575 Ellinwood St Des Plaines, IL 60016
- Retail properties
- 16,680 SF
Current Use by Public Records
- Retail properties
Property Details for 1575 Ellinwood St
- Year built
- 1939
- Property size
- 16,680 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional Des Plaines investment opportunity presents a fully vacant, multi-tenant retail and office building totaling 16,680 square feet, situated on a 0.43-acre lot. The property, comprised of three buildings, boasts five individual suites ranging from 2,500 to 8,200 square feet, offering flexible space for various businesses. Recently renovated in 2024, the property features nine parking spaces and is conveniently located at 1575 Ellinwood Ave, Des Plaines, IL 60016. Its strategic location is adjacent to a new 113-unit luxury apartment complex (Ellison Apartments) and directly across from the Des Plaines Metra Train Station, providing access to 880,000 monthly commuters. The surrounding area demonstrates strong demographics, with a population of 128,372 within a 3-mile radius (49,458 households) and 316,833 within a 5-mile radius (122,916 households). Average household incomes in these areas are $96,831 and $110,110 respectively. The property is zoned C-5 and benefits from Des Plaines' Boost & Growth grant programs offering matching grants for eligible businesses. Built in 1939, this property offers a unique blend of historical charm and modern updates, making it an ideal investment for savvy entrepreneurs seeking a high-traffic location with significant growth potential. The property's APN is 09-17-421-026-0000
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Des Plaines
- County
- Cook
- State
- Illinois
- Longitude
- -87.8845
- Latitude
- 42.0395
