Technical
Financial
Distress signals
Property profile

1602 Riv Rd Des Plaines, IL 60018

OFF-MARKET
Gas stations
Property ID
US28-1764652
0.06 ac lot Built 1986
Entity Owned 13-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Des Plaines property, located at 1602 S River Rd, 60018, offers a prime retail opportunity. Currently operating as a Mobil gas station, this site presents significant potential for redevelopment. The asking price is $1,475,000. The substantial lot size allows for a variety of uses beyond its current configuration. A detailed business pro-forma is available upon request, outlining the financial projections for various development scenarios. The property's strategic location in Des Plaines, Illinois, ensures high visibility and accessibility, making it an attractive investment for entrepreneurs and developers alike. The property's high traffic count and prominent positioning along S River Rd offer exceptional exposure to a large customer base. Consider the possibilities of converting this site into a fast-food franchise or exploring other lucrative retail ventures. This is a rare opportunity to acquire a well-situated property with significant upside potential in a thriving market. Further information regarding other similar properties in the Northwest Suburban Chicago area, ranging from $1,700,000 to $3,750,000, is available upon request.

Property profile

Verified
Property type Gas stations
Use group GAS STATION
Year built 1986
Lot 0.06 ac (2,676 SF)
APN 09-28-105-023
UPID US28-1764652

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gas Station
  • Atm

Location

1602 Riv Rd Des Plaines, IL 60018-2252
Des Plaines metro Census 806502 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2013
4 recorded transactions
2021
Price N/A
2013
$675,000
2012
$646,000
2011
$161,500

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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