1262 Lee St Des Plaines, IL 60018-1513
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.
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Mr Pup . Americana Sub. Restaurant
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ATM Atm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
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Property description
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