1521-1529 Rand Ave, Des Plaines, IL 60016
This exceptional retail property, located at 1521-1529 Rand Avenue in Des Plaines, Illinois (zip code 60016), presents a unique investment opportunity. The newly constructed building boasts 3,500 square feet of space situated on a generous 27,000-square-foot lot. Its prime location at the major traffic light intersection of Rand Road and River Road ensures tremendous visibility and exposure for any business. The building features floor-to-ceiling windows, high ceilings, and epoxy floors, along with a loading overhead garage door. Ample parking is available with over 40 spaces, providing convenient access for customers and employees. Currently configured as an EV car dealership, this versatile space is suitable for a variety of retail uses. The property is surrounded by other retailers, including Dunkin' Donuts, and enjoys easy access to major interstates. The asking price is $1,999,000. The property is currently vacant and offered as a NNN lease at $10,000 per month (plus insurance and real estate taxes). The 2023 annual real estate tax was approximately $30,000. This corner lot offers multiple points of access and exceptional visibility.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.