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Property summary
This exceptional Class A office building, located at 701 Lee Street in downtown Des Plaines, offers 174,154 square feet of versatile space. The ten-story building features a variety of office configurations, suitable for executive, traditional, medical, and creative office uses, with 59 spaces currently available, ranging from 20 to 11,900 square feet. Multiple tenancy options are available. The property boasts a convenient location, just half a block from the Metra train station providing… easy access to downtown Chicago via the Union Pacific Northwest line. Public transportation is readily available with Pace Bus routes #226, #230, and #250 servicing the building. On-site amenities include a four-level attached parking garage, high-speed elevators, upgraded common areas, a breakroom, and full ADA accessibility. The building is fully sprinklered for enhanced safety. Des Plaines is highly ranked as a desirable place to live and work, and the downtown area offers a variety of restaurants, retailers, and essential services within walking distance, including the Des Plaines Public Library, City Hall, Police Department, and the USPS. The property enjoys excellent access to major transportation arteries, with O'Hare International Airport a short 10-minute drive away, I-294 (Tri-State Tollway) one mile east, and I-90 (Jane Addams Memorial Tollway) 2.4 miles south. The 0.58-acre site is situated in Cook County.
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.
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
12 properties nearbyComparable nearby
Similar in This City for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- Lot area
- 0.53 ac
- Year built
- 1978
- APN
- 09-17-419-030
- Assessed value · 2022
- $2,454,295
- Annual tax · 2022
- $631,527
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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- Signals, scores & lead lists
- 300 owner contacts a month
- 30 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
Cancel anytime.
- 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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