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Property profile & analytics
OFF-MARKET Estimated value $515,000
Retail space

2400 Devon Ave Des Plaines, IL 60018-4619

6 ac lot Built 1967
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US28-2494145
Property summary
AI-generated overview

This Des Plaines, Illinois office property, located at 2400 E Devon Ave, offers a diverse range of spaces ideal for various business needs. The three-story, 653,400 square foot Class B building, constructed in 1969 and renovated in 2020, provides traditional, executive, medical, and creative office suites ranging from 959 to 12,791 square feet. Tenants will enjoy features such as high ceilings, new double-glass herculite entry doors, and abundant on-site parking. The property also boasts convenient access to conference and training rooms, and is professionally managed. Its strategic location in the O'Hare submarket of Cook County offers unparalleled connectivity. Situated between I-294, I-90, and I-190, with daily traffic exceeding 170,000 vehicles on I-294 alone, it provides easy access to O'Hare International Airport and major transportation arteries. Public transportation is readily available via Pace Bus Route #230, connecting to the Rosemont CTA Blue Line and Des Plaines Metra stations. The property benefits from a C-7 zoning designation (High Density Campus Commercial), reflecting its prime location near Rivers Casino and O'Hare International Airport. This exceptional location, coupled with modern amenities and flexible space options, makes this property an outstanding opportunity for businesses seeking a thriving and well-connected office environment in the heart of the O'Hare submarket. The zip code is 60018.

Property profile
Verified
Property type Retail space
Use group STORE, RETAIL OUTLET
Year built 1967
Lot 6 ac (261,360 SF)
APN 09-33-401-028
UPID US28-2494145
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
  • Sukgyung AT Industrial Manufacturer Production Facility
  • Market Xchange Building Hotel & Motel
  • Tiger-Midwest Associates Big Box & Wholesale Store
  • IT Expert System, INC Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$515k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$515k
Owner & transaction history
Rsa Properties II LLC · 3 yrs held
Rsa Properties II LLC
since 2022
5 recorded transactions
2022
Price N/A
2019
Price N/A
2017
Price N/A
2013
Price N/A
2008
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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