379 South River Rd, Des Plaines, IL 60016
This exceptional 3,393 square foot retail property, built in 2003, is situated on a highly visible 0.39-acre lot at 379 S. River Rd in Des Plaines, Illinois (60016), Cook County. Currently vacant, this single-tenant building offers a unique investment opportunity in a prime location. The property's permitted commercial zoning allows for a variety of uses, previously operating as a bank, convenience store, and pharmacy. Its strategic location on a signalized corner boasts exceptional visibility and accessibility, with a daily traffic volume exceeding 21,140 vehicles on S. River Rd. The property benefits from its proximity to major transportation arteries, including O'Hare International Airport and I-294, ensuring convenient access for customers and employees. Furthermore, the surrounding area is anchored by established national brands such as Popeyes, McDonald's, and Dunkin' Donuts, creating a strong retail environment and high foot traffic. The asking price is $899,400, translating to $265.08 per square foot. This presents a compelling opportunity for investors seeking a well-located, versatile retail space with significant potential for growth and return. The property's history as a bank, convenience store, and pharmacy demonstrates its adaptability to various retail concepts.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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