1530 Lee StDes Plaines, IL 60018
- Retail properties
- 0.95 AC
Property Details for 1530 Lee St
- Year built
- 1988
- Lot size
- 0.95 AC
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 09-20-305-046
- APU
- 920305046
Description
This exceptional 6,000-square-foot retail, office, or flex space presents a remarkable opportunity in Des Plaines, IL. Located at 1530 Lee Street, this single-tenant building boasts a prime end-cap corner location within a thriving retail district. The property benefits from exceptional visibility and accessibility, shadow-anchored by a Jewel-Osco supermarket and situated near a diverse range of national and regional retailers including Butera Market, Dollar Tree, AutoZone, O'Reilly's Auto Parts, Sherwin-Williams, Aldi, Chase Bank, and Bank of America. Numerous restaurants such as McDonald's, Wendy's, KFC, and Starbucks are also in close proximity. The building itself features a 12-foot ceiling height and ample parking with 55+ spaces. Its C-4 Regional Shopping Center zoning allows for a variety of commercial uses. The high traffic count on Lee Street (18,100 average daily traffic) and Oakton Street (21,900 average daily traffic) ensures significant exposure. This location benefits from strong neighborhood demographics and a diverse commercial and residential base, making it an ideal location for a variety of businesses. The property is a one-story building with a single tenancy. The address is 1530 Lee St, Des Plaines, IL 60018, and is conveniently located near the intersection of Lee Street and Oakton Street. The property is also near an Illinois Secretary of State DMV facility.
Valuation
by Realmo methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $15,491,586
- 6.5%
- $14,299,925
- 7%
- $13,278,502
-
Comparable approach
- Method
- Valuation
- Relative Method
- $12,443,457
- Geo Method
- $13,568,372
-
Alternative Use
- Use
- Valuation
- Residential
- $12,062,522
- Hospitality
- $11,049,205
- Educational
- $9,192,809
- Medical
- $9,508,964
- Retail
- $14,299,925
Location Insight
- City
- Des Plaines
- County
- Cook
- State
- Illinois
- Latitude
- 42.0249
- Longitude
- -87.8952
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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