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Financial
Distress signals
Property profile

701 Lee St Des Plaines, IL 60016

OFF-MARKET
Office buildings
Property ID
US28-2700542
0.53 ac lot Built 1978
Last sale Jan 1998 · $5,500,000
Individually Owned Owner of record is an individual. 23-yr Hold Held for 23 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$632k
Tax billed · 2022
Assessed value$2.45M
Assessed land$81k
Assessed improvement$2.37M
Effective rate25.73%

Value estimate

· Oct 2026
$8.50M
$7.65M – $9.35M
AI approach$8.50M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$134/SF
County average, outlier-cleaned · 159 recorded sales of this use type
Observed band · Q1–Q3$51 – $273

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCOOK

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency16.7
Daycare Center12.8
Barber Shop11.7

Location

701 Lee St Des Plaines, IL 60016-4539
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file Zoning catalog · not on file

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 nearby
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years. They are neighbours, not transactions.
Comparable nearby
5 properties of the same type nearby
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