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    OFF-MARKET
    Retail properties & Spaces

    1521-1529 Rand Ave, Des Plaines, IL 60016

    3,500 SF
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 3,500 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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