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    Property profile & analytics

    603 Golf Rd Des Plaines, IL 60016

    • Community centers
    • 0.73 lot acres
    For Lease
    View listing
    Last Sale
    Feb 15, 2022
    $2,100,000
    Value Estimations
    $2,175,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-1176529
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bainbridge Plaza / Shopping Center & Mall
    • Chad Bauer / Physician
    • Beltone Hearing Care Center / Hearing Aid Repair Service / Hearing Assistance Earphone Store

    Property Details for 603 Golf Rd

    Year built
    1970
    Lot size
    0.73 lot acres
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    08-13-102-008
    APU
    813102008

    Description

    Bainbridge Plaza offers three exceptional retail spaces for lease, ranging from 795 to 1,410 square feet, situated within a highly visible shopping center in Des Plaines, Illinois. This neighborhood center enjoys a prime location at the bustling intersection of Golf Road and Elmhurst Road, ensuring significant exposure to a large customer base. The property boasts very strong demographics and impressive traffic counts, making it an ideal location for businesses seeking high visibility and foot traffic. Potential tenants will benefit from the availability of pylon signage, enhancing brand recognition and attracting customers. The property is located at 603 W Golf Rd, Des Plaines, IL 60016, within Cook County. The spaces are available for multiple tenants, providing flexibility for various business models. This is a rare opportunity to secure retail space in a thriving commercial area with excellent visibility and strong traffic patterns. The property's strategic location and attractive features make it an exceptional investment for businesses seeking to establish or expand their presence in a high-traffic area. Contact us today to learn more about leasing opportunities at Bainbridge Plaza.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,265,000
      ML approach
      $2,240,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Des Plaines
    County
    Cook
    State
    Illinois
    Longitude
    -87.9368
    Latitude
    42.0473
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $90,855
    $119,580
    $255,454
    $375,034
    -
    $478,320
    $1,021,816
    $1,500,136

    Comparable in this City

    • Value Estimation
      $7,550,000
      0.58 Acres

      8630 Golf Rd

      MINI-MALL • 0.58 Acres
      8630 Golf Rd, Des Plaines, IL 60016
      View Details
    • Value Estimation by Request
      0.91 Acres

      955 Elmhurst Rd

      MINI-MALL • 0.91 Acres
      955 Elmhurst Rd, Des Plaines, IL 60016-5606
      View Details
    • Value Estimation by Request
      0.75 Acres

      656 Algonquin Rd

      MINI-MALL • 0.75 Acres
      656 Algonquin Rd, Des Plaines, IL 60016-5760
      View Details
    • Value Estimation
      $2,165,000
      0.21 Acres

      611 Golf Rd

      MINI-MALL • 0.21 Acres
      611 Golf Rd, Des Plaines, IL 60016-2462
      View Details
    • Value Estimation by Request
      1.48 Acres

      9340 Ballard Rd, Unit 80

      MINI-MALL • 1.48 Acres
      9340 Ballard Rd, Des Plaines, IL 60016-4904
      View Details
    • Value Estimation by Request
      0.81 Acres

      955 Elmhurst Rd

      MINI-MALL • 0.81 Acres
      955 Elmhurst Rd, Des Plaines, IL 60016-5606
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Established Barber Shop For Sale

      Profitable barber shop with loyal clientele in busy business center.
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      View Details
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      Downtown Des Plaines Mixed-Use Property

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      Des Plaines Salon and Spa

      Turnkey salon and spa in high-traffic Des Plaines location.
      8977 Potter Rd, Des Plaines, IL 60016
      View Details
    • New
      $1,917,000
      15,336 SF

      Des Plaines Industrial Warehouse/Showroom

      Renovated industrial warehouse with showroom, high traffic location.
      1628-30 Rand Rd, Des Plaines, IL 60016
      View Details
    • Contact for pricing
      2,800 SF

      Turn-Key Restaurant with Drive-Thru

      2,800 SF turn-key restaurant with drive-thru and ample parking.
      20 W Golf Rd, Des Plaines, IL 60016
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    • Contact for pricing

      Secured Storage Site For Sale

      Fenced and lit site with covered storage, ideal for retail.
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    Similar Nearby for Lease

    • Contact for pricing
      3,229 SF

      Des Plaines Retail Space Available

      Three retail spaces, high visibility, strong traffic.
      603 Golf Rd, Des Plaines, IL 60016
      View Details
    • $13 SF/Yr
      10,600 SF

      Des Plaines Retail Center Opportunity

      High-traffic retail space available.
      669-685 Graceland Ave, Des Plaines, IL 60016
      View Details
    • Contact for pricing
      6,568 SF

      Community Center with Anchor Tenants

      155,152 SF community center with high traffic counts.
      767 West Golf Rd, Des Plaines, IL 60016
      View Details
    • Contact for pricing
      1,106 SF

      Grocery Anchored Retail Space

      Retail space in downtown Des Plaines near Metra station.
      1440-1472 Market St, Des Plaines, IL 60016
      View Details
    • Contact for pricing
      1,024 SF

      Retail Space at Golf Road

      Highly visible shopping center at a busy intersection.
      603-645 W Golf Rd, Des Plaines, IL 60016
      View Details
    • Contact for pricing
      1,673 SF

      Grocery Anchored Retail Space

      Retail space in downtown Des Plaines near Metra station.
      638-660 Metropolitan Way, Des Plaines, IL 60016
      View Details
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    Des Plaines, IL 60016
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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