Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1401 Oakton St Des Plaines, IL 60018-2171
    Back to Search
    Property profile & analytics

    1401 Oakton St, Des Plaines, IL 60018-2171

    View on Map
    • Retail residential properties
    • 0.48 lot acres
    Off-Market
    Last Sale Nov 21, 2022
    $625,000
    Property ID
    US28-1665244
    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
    $650,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Barefoot Hawaiian Inc / Theater & Performing Art Venue / Nightclub
    • Care Insurance Services Inc / Insurance Agency
    • Des Plaines Limo Service / Limousine Service
    • Ann M. Collins, DC / Alternative Medicine Practice
    • Dr. Linda L Zange DC / Alternative Medicine Practice

    Property Details for 1401 Oakton St

    Year built
    1968
    Lot size
    0.48 lot acres
    Property type
    Retail residential properties
    APN
    09-29-206-024
    APU
    929206024

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 21, 2022 $625,000 Athans Oakton LLC 1401 Oakton LLC Warranty Deed —
    Mar 25, 2019 — 1401 Oakton LLC Farrell Mary J Correction Deed · related —
    May 1, 2018 — 1401 Oakton LLC Farrell,mary J Grant Deed · related —
    — — George J Kazakis — Deed Of Trust · related $228k · Wmc Mortgage Corp

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $675,000
      ML approach
      $670,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Plaines
    County
    Cook
    State
    Illinois
    Longitude
    -87.8891
    Latitude
    42.0238
    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
    $24,746
    $29,225
    $66,947
    $96,172
    -
    $292,250
    $669,470
    $961,720

    Comparable in this City

    • Value Estimation
      $585,000
      9,520 SF

      1792 Oakton St

      STORES & APARTMENTS
      1792 Oakton St, Des Plaines, IL 60018-2110
      View Details
    • Value Estimation by Request
      0.07 Acres

      1475 Oakton St

      STORES & APARTMENTS
      1475 Oakton St, Des Plaines, IL 60018-2166
      View Details
    • Value Estimation by Request
      0.07 Acres

      1475 Oakton St

      STORES & APARTMENTS
      1475 Oakton St, Des Plaines, IL 60018-2166
      View Details
    • Value Estimation by Request
      0.07 Acres

      1475 Oakton St

      STORES & APARTMENTS
      1475 Oakton St, Des Plaines, IL 60018-2166
      View Details
    • Value Estimation by Request
      0.63 Acres

      1855-1881 Oakton St

      Automotive properties
      1855-1881 Oakton St, Des Plaines, IL 60018
      View Details
    • Value Estimation
      $585,000
      4.46 Acres

      9500 Bryn Mawr Ave

      OFFICE BUILDING (MULTI-STORY)
      9500 Bryn Mawr Ave, Rosemont, IL 60018-5211
      View Details

    Similar Nearby for Sale

    • $1,200,000
      0.84 Acres

      Redevelopment Site in Des Plaines

      Prime 0.84-acre corner lot in booming Des Plaines.
      1629 E Touhy Ave, Des Plaines, IL 60018
      View Details
    • $1,200,000
      0.84 Acres

      Redevelopment Land in Des Plaines

      Prime 0.84-acre redevelopment site in booming Des Plaines.
      1641 E Touhy Ave, Des Plaines, IL 60018
      View Details
    • $150,000
      39,173 SF

      10700 Higgins Rd, Rosemont, IL 60018

      Office Spaces
      10700 Higgins Rd, Rosemont, IL 60018
      View Details
    • $850,000
      0.69 Acres

      Des Plaines Land For Sale

      Land available in Des Plaines, Illinois.
      1596 Oxford Rd, Des Plaines, IL 60018
      View Details
    • $559,000
      3,000 SF

      Auto Repair Facility For Sale

      Well-established auto repair facility in a high-traffic location.
      1580 S Cora St, Des Plaines, IL 60018
      View Details
    • Contact for pricing
      2,818 SF

      Freestanding Raising Cane's Restaurant

      Single-tenant Raising Cane's on NNN ground lease.
      2777 Mannheim Rd, Des Plaines, IL 60018
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Des Plaines Office Space Available

      Office space for lease with private offices and abundant parking.
      200 Howard Ave -, Des Plaines, IL 60018
      View Details
    • Contact for pricing

      Industrial Flex Space Available

      Industrial flex space for lease near O'Hare and I-90.
      200 Howard Ave -, Des Plaines, IL 60018
      View Details
    • Contact for pricing

      Des Plaines Flex Space Available

      Flex space with warehouse and office components, convenient location.
      200 Howard Ave -, Des Plaines, IL 60018
      View Details
    • Contact for pricing

      Prime Location Near O'Hare Airport

      Convenient access to airport, entertainment, convention center, and major highways.
      9450 W Bryn Mawr Ave, Rosemont, IL 60018
      View Details
    • Contact for pricing

      Des Plaines Industrial/Flex Space

      Industrial/flex space near O'Hare Airport and major transportation arteries.
      200 Howard Ave -, Des Plaines, IL 60018
      View Details
    • Contact for pricing

      Prime Office Space For Rent

      350,000 sq ft office space near O'Hare Airport.
      2200 E Devon Ave, Des Plaines, IL 60018
      View Details
    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.
    1401 Oakton St
    Des Plaines, IL 60018-2171
    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

    Thank You for Inquiry
    1401 Oakton St, Des Plaines, IL, 60018
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!