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    FOR SALE
    Banks

    379 South River Rd, Des Plaines, IL 60016

    0.48 ac lot Built 2003
    Individually Owned 10-yr Hold Free & Clear
    Property ID
    US28-5746477
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Banks
    Use group FINANCIAL BUILDING
    Year built 2003
    Lot 0.48 ac (20,738 SF)
    APN 09-16-300-076
    UPID US28-5746477
    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
    • Byline Bank Bank Loan Service
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Blend (final) Blend
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    Owner & transaction history
    Byline Bk · 10 yrs held
    Byline Bk
    since 2016
    4 recorded transactions
    2016
    2003
    $750,000
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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