570 Oakton StDes Plaines, IL 60018
- Retail properties
- 956 SF
Property Details for 570 Oakton St
- Year built
- 1951
- Lot size
- 0.46 AC
- Property size (Sq ft)
- 956 SF
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 09-19-407-014
- APU
- 919407014
Description
This 12,422 square foot strip center in Des Plaines, IL offers a fantastic opportunity for a nail salon business. Located at 570 E Oakton St, this single-tenant space is situated in a high-traffic area on Oakton Avenue and Wolf Street, within a bustling shopping center. The property boasts a prime location in Cook County, with easy access to major transportation routes, including O'Hare Airport, numerous train lines, bus routes, Rand Road, Northwest Highway, and expressways. The 1.05-acre lot features a building constructed in 1980 and zoned C-1. This second-generation nail salon space benefits from existing infrastructure and is surrounded by complementary businesses, including a 7-Eleven, sushi restaurant, pizza place, gyros shop, and smoke shop, ensuring high foot traffic and visibility. Des Plaines's strong commuter base and proximity to Chicago make it an attractive location for businesses. The property offers a unique chance to establish or relocate a thriving nail salon in a well-established and convenient commercial center. The building is a single structure within the larger Wolf Plaza development.
Valuation
by Realmo methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $253,747
- 6.5%
- $234,228
- 7%
- $217,498
-
Comparable approach
- Method
- Valuation
- Relative Method
- $244,582
- Geo Method
- $313,788
-
Alternative Use
- Use
- Valuation
- Residential
- $197,580
- Hospitality
- $180,982
- Educational
- $150,575
- Medical
- $155,754
- Retail
- $234,228
Location Insight
- City
- Des Plaines
- County
- Cook
- State
- Illinois
- Latitude
- 42.0238
- Longitude
- -87.91
- 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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