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Property profile & analytics
OFF-MARKET
Retail space

1262 Lee St Des Plaines, IL 60018-1513

1,681 SF 0.27 ac lot Built 1971
Entity Owned Free & Clear
Property ID
US28-0314412
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1971
Total area 1,681 SF
Lot 0.27 ac (11,699 SF)
APN 09-20-301-066
UPID US28-0314412
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Mr Pup . Americana Sub. Restaurant
  • ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Arna3 LLC
Arna3 LLC
since 2026
Last sale
$235,000
7 recorded transactions
2026
Price N/A
2025
$235,000
2022
$445,000
2022
Price N/A
2004
$220,000
1997
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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