Property profile

1521-1529 Rand Ave Des Plaines, IL 60016

OFF-MARKET
Retail properties & Spaces
3,500 SF
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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

Location

1521-1529 Rand Ave Des Plaines, IL 60016
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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