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Financial
Distress signals
Property profile

379 South River Rd Des Plaines, IL 60016

FOR SALE
Banks
Property ID
US28-5746477
0.48 ac lot Built 2003
Last sale Sep 2003 · $750,000
Individually Owned Owner of record is an individual. 10-yr Hold Held for 10 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This former bank building is a 2,500-square-foot facility located on a corner lot at the signalized intersection of River Road and Rand Road. The site includes off-street parking and sits in a high-traffic commercial zone near O’Hare International Airport and I-294 within a suburban business area. The property is positioned in a setting surrounded by single- and multi-family residential neighborhoods and benefits from visibility afforded by its intersection frontage. Nearby transit options…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$44k
Tax billed · 2022
Assessed value$171k
Assessed land$59k
Assessed improvement$113k
Effective rate25.73%

Value estimate

· Oct 2026
$370k
$333k – $407k
AI approach$370k
NOI build-up
Gross scheduled income$60k
Vacancy & credit loss−$4k
Operating expenses−$14k
NOI · 5.30% cap applied$42k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$315/SF
County average, outlier-cleaned · 41 recorded sales of this use type
Observed band · Q1–Q3$133 – $496

Cap rate analysis

How does the asset earn?
5.30%
$42k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCOOK

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency12.1
Daycare Center11.0
Tailor Shop8.9

Location

379 South River Rd Des Plaines, IL 60016
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
300 Market, Des Plaines, IL 60016 $9,800,000 Feb 2026 No data
680 Lee, Des Plaines, IL 60016-4584 $1,250,000 Jan 2026 No data
660 Wolf, Des Plaines, IL 60016-1046 $1,900,000 Jan 2026 No data
710 Lee, Des Plaines, IL 60016 $255,000 Jul 2025 No data
20 Golf Rd, Des Plaines, IL 60016-2471 $875,000 Jul 2025 No data
581 Golf, Des Plaines, IL 60016-2349 $710,000 May 2025 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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