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Entity Owned Property summary
This 1,700 sq ft free-standing restaurant building is situated on a 12,000 sq ft lot at 1262 Lee Street in Des Plaines, Illinois, 60016. The property enjoys a high-traffic location on Lee Street/Mannheim Road, between Algonquin Road and Forest Avenue, near Van Buren Street. Its strategic placement provides excellent visibility and accessibility, with double in-and-out access points. The building is surrounded by major retailers, including Aldi, banks (US Bank, Chase, and Fifth Third Bank),… and popular restaurants such as KFC and Burger King, ensuring high foot traffic and brand recognition. The property includes all equipment and fixtures. Ample parking is available for customers. The building offers strong street presence and is conveniently located near Elk Grove, Mount Prospect, Rolling Meadows, Arlington Heights, and Rosemont, with easy access to O'Hare Airport and major roads and interstates. The 2023 annual real estate taxes were $24,500. The property is currently vacant and available for immediate occupancy. Note that no business financial information is available. This is a fantastic opportunity for a restaurant owner or investor seeking a well-located, established property in a thriving commercial area. The asking price is $449,000. Gross lease type.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Oct 2026Realmo valuation models over county records and 5 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 16 properties nearbyComparable nearby
Similar in This City for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 1,681 SF
- Lot area
- 0.27 ac
- Year built
- 1971
- Stories
- 1
- APN
- 09-20-301-066
- Assessed value · 2022
- $92,268
- Annual tax · 2022
- $23,742
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Signals, scores & lead lists
- 1500 owner contacts a month
- 150 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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