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Property profile & analytics
OFF-MARKET Estimated value $585,000
Retail residential properties

1792 Oakton St Des Plaines, IL 60018-2110

9,520 SF 0.27 ac lot Built 1960
Individually Owned 6-yr Hold ~ Est. High Equity
Property ID
US28-1805354
Property summary
AI-generated overview

This Des Plaines, IL property at 1792 E Oakton St offers 3,196 square feet of flexible office space, currently vacant and available for lease. Situated in Des Plaines' original business district, this two-story building boasts a prime location on Oakton Street, just one block west of River Road and conveniently accessible to I-294. The property features a C-3 Commercial zoning designation and includes 11 parking spaces on a 0.26-acre lot. Built in 1960, the building has undergone recent updates, including a new HVAC system. The space is divisible, with a minimum leasable area of 1,441 square feet and a maximum contiguous space of 1,755 square feet. The existing build-out includes features ideal for medical or traditional office use, such as two separate reception areas, fourteen treatment rooms/private offices (eight plumbed), a lab, file room, sterilization room, and four ADA-compliant restrooms. Excellent window lines provide ample natural light. The prominent Oakton Street location offers exceptional signage opportunities for increased business visibility. This property presents a unique opportunity for businesses seeking a well-located, adaptable office space with existing infrastructure and modern amenities.

Property profile
Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 1960
Total area 9,520 SF
Lot 0.27 ac (11,580 SF)
APN 09-21-312-021
UPID US28-1805354
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
  • Presence Medical Group Medical Group
  • Mr. Peter Kiefer Pediatrician Physician
  • Sun Valley HVAC Cooling HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$620k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$585k
Owner & transaction history
Cristian M Nicolaie · 6 yrs held
Cristian M Nicolaie
since 2020
Last sale
$540,000
6 recorded transactions
2020
$540,000
2018
$487,500
2006
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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