2454 Dempster StDes Plaines, IL 60016

Property Details for 2454 Dempster St

Year built

1976

Lot size

0.39 AC

Property type

Office buildings

APN

09-15-306-025

APU

915306025

Description

This exceptional four-story office building, totaling 75,596 square feet, presents a unique leasing opportunity in Des Plaines, Illinois. Located at 2454 E Dempster St, this Class B property, renovated in 2022, offers a variety of spaces, ranging from 800 square feet to 5,775 square feet, suitable for executive, traditional, medical, or creative office uses. The building features ample parking and professional management. Its strategic location offers convenient access to major transportation arteries, including the Tri-State Tollway (I-294), just one block away, and Pace bus routes 240 and 250, providing easy commutes to O'Hare Airport, Golf Mill, Cumberland, and the Davis CTA station. The property's proximity to Advocate Lutheran General Hospital, a major regional medical center, makes it particularly attractive for medical practices. The building boasts one elevator and is situated on a 3.1-acre lot in Cook County (zip code 60016). Multiple tenants are welcome. This is an excellent opportunity to secure prime office space in a thriving location with convenient access to transportation and essential services. The building is comprised of 12 available spaces. The property is situated approximately half a mile from Advocate Lutheran General Hospital, including its children's hospital, a significant regional referral center. The building is also located one block west of Maine East High School.

• CAP approach

  CAP return

  Valuation

  6%

  $5,093,200

  6.5%

  $4,701,415

  7%

  $4,365,600

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,203,830

  Geo Method

  $2,203,830

• Alternative Use

  Use

  Valuation

  Residential

  $5,829,754

  Hospitality

  $5,340,024

  Educational

  $4,442,837

  Medical

  $4,595,633

  Retail

  $6,911,080

Location Insight

City

Des Plaines

County

Cook

State

Illinois

Latitude

42.0397

Longitude

-87.8635

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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