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Property profile & analytics
OFF-MARKET
Gas stations

1602 Riv Rd Des Plaines, IL 60018-2252

0.06 ac lot Built 1986
Entity Owned 13-yr Hold ~ Est. High Equity
Property ID
US28-1764652
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Mobil Gas Station
  • Cardtronics ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Hari LLC · 13 yrs held
Hari LLC
since 2013
4 recorded transactions
2021
Price N/A
2013
$675,000
2012
$646,000
2011
$161,500
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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