Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    1111 E Touhy Ave Des Plaines, IL 60018

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1111 E Touhy Ave Des Plaines, IL 60018

    View on Map
    • Office buildings
    • 5.26 lot acres
    For Lease
    $23 SF/Yr
    View Listing →
    Multi-Tenant Office Building For Rent For Lease
    $23 SF/Yr
    31,572 SF

    Multi-Tenant Office Building For Rent

    Five-story office building near O'Hare with customizable spaces.

    1111 E Touhy Ave, Des Plaines, IL
    View Listing
    Property ID
    US28-0752207
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • National Insurance Crime Training Academy / Training Center
    • Health Insurance - Rick Yale / Insurance Agency
    • Main Line Benefits - Jeff Horn / Insurance Agency
    • Great Lakes Representatives / Corporate Office
    • Kellermeyer Godfryt Hart / Architect / Structural Engineer

    Property Details for 1111 E Touhy Ave

    Year built
    1976
    Lot size
    5.26 lot acres
    Property type
    Office buildings
    APN
    09-32-101-021
    APU
    932101021

    Description

    This exceptional five-story executive office building, located at 1111 E Touhy Avenue in Des Plaines, Illinois, offers a diverse range of premium office spaces for lease. The building boasts a total of 148,000 square feet, encompassing nine individual suites, providing flexibility for businesses of various sizes. Units range from a minimum of 760 square feet to a maximum contiguous space of 31,572 square feet, catering to both small startups and large corporations. Currently, there are 67,394 square feet of vacant space available, presenting a unique opportunity for immediate occupancy. Situated in Cook County, with easy access via the address 1111 E Touhy Ave, Des Plaines, IL 60018, this property benefits from a highly desirable location. The building's multiple tenancy structure ensures a vibrant and collaborative environment. This is an ideal opportunity to establish or expand your business in a modern, well-maintained, and conveniently located executive office setting. The building's strategic location offers excellent accessibility and visibility, making it an attractive option for businesses seeking a prominent presence in the Des Plaines market. Contact us today to learn more about the available spaces and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Des Plaines
    County
    Cook
    State
    Illinois
    Longitude
    -87.8959
    Latitude
    42.0084
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $546,194
    $802,074
    $1,320,593
    $2,122,667
    -
    $3,208,296
    $5,282,372
    $8,490,668

    Comparable in this City

    • Value Estimation by Request
      4.77 Acres

      1400 Touhy Ave

      OFFICE BUILDING (MULTI-STORY) • 4.77 Acres
      1400 Touhy Ave, Des Plaines, IL 60018-3305
      View Details
    • Value Estimation by Request
      2.48 Acres

      9700 Higgins Rd

      OFFICE BUILDING (MULTI-STORY) • 2.48 Acres
      9700 Higgins Rd, Rosemont, IL 60018-4796
      View Details
    • Value Estimation
      $545,000
      2.81 Acres

      9377 Higgins Rd

      OFFICE BUILDING (MULTI-STORY) • 2.81 Acres
      9377 Higgins Rd, Rosemont, IL 60018-4973
      View Details
    • Value Estimation by Request

      9575 Higgins Rd

      OFFICE BUILDING (MULTI-STORY)
      9575 Higgins Rd, Rosemont, IL 60018-4915
      View Details
    • Value Estimation by Request
      1.44 Acres

      10275 Higgins Rd

      OFFICE BUILDING (MULTI-STORY) • 1.44 Acres
      10275 Higgins Rd, Rosemont, IL 60018-5625
      View Details
    • Value Estimation
      $555,000
      1.23 Acres

      10275 Higgins Rd

      OFFICE BUILDING (MULTI-STORY) • 1.23 Acres
      10275 Higgins Rd, Rosemont, IL 60018-5625
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Class A Office Building

      Four-story office building with Class A amenities and strong transit access.
      5500 Pearl St, Rosemont, IL 60018
      View Details
    • Contact for pricing

      Class A Office Property

      Two-building Class A office property near O'Hare with modern amenities.
      10255 W Higgins Rd, Rosemont, IL 60018
      View Details
    • $11,823,460
      107,486 SF

      Des Plaines Warehouse with Crane

      Warehouse with crane, heavy power, and office upgrades for sale.
      555 Santa Rosa Dr, Des Plaines, IL 60018
      View Details
    • $575,000
      4,700 SF

      Rosemont Office Condo - 4700 SF

      Modern Office Suite, Prime Rosemont Location
      10700 Higgins Rd, Rosemont, IL 60018
      View Details
    • $150,000
      39,173 SF

      10700 Higgins Rd, Rosemont, IL 60018

      Office properties & Spaces • 39,173 SF
      10700 Higgins Rd, Rosemont, IL 60018
      View Details
    • $250,000
      1.45 Acres

      Professional Office Suite in Rosemont

      Well-maintained office suite with conference and break rooms.
      10700 W Higgins Rd, Rosemont, IL 60018
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      8,664 SF

      Five-Story Office Building For Rent

      Office building with views, fitness center, and customizable spaces.
      1011 E Touhy Ave, Des Plaines, IL 60018
      View Details
    • Contact for pricing

      Des Plaines Office Building For Rent

      Office building in Des Plaines with highway visibility.
      2720 S River Rd, Des Plaines, IL 60018
      View Details
    • Contact for pricing

      O'Hare Corporate Towers Office Space

      Office space for rent near O'Hare in Rosemont, Illinois.
      10400 W Higgins Rd, Rosemont, IL 60018
      View Details
    • Contact for pricing

      Des Plaines Office Building For Rent

      Office building with atrium, conference room, lounge, and parking.
      2800 S River Rd, Des Plaines, IL 60018
      View Details
    • Contact for pricing

      Prime Office Space Available

      350,000 sq ft office space with lake view.
      2200 E Devon Ave, Des Plaines, IL 60018
      View Details
    • Contact for pricing

      Class A Office Building

      Four-story office building with Class A amenities for rent.
      5500 Pearl St, Rosemont, IL 60018
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1111 E Touhy Ave
    Des Plaines, IL 60018
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!