Property summary
This exceptional Class A office building, located at 701 Lee Street in downtown Des Plaines, offers 174,154 square feet of versatile space. The ten-story building features a variety of office configurations, suitable for executive, traditional, medical, and creative office uses, with 59 spaces currently available, ranging from 20 to 11,900 square feet. Multiple tenancy options are available. The property boasts a convenient location, just half a block from the Metra train station providing easy access to downtown Chicago via the Union Pacific Northwest line. Public transportation is readily available with Pace Bus routes #226, #230, and #250 servicing the building. On-site amenities include a four-level attached parking garage, high-speed elevators, upgraded common areas, a breakroom, and full ADA accessibility. The building is fully sprinklered for enhanced safety. Des Plaines is highly ranked as a desirable place to live and work, and the downtown area offers a variety of restaurants, retailers, and essential services within walking distance, including the Des Plaines Public Library, City Hall, Police Department, and the USPS. The property enjoys excellent access to major transportation arteries, with O'Hare International Airport a short 10-minute drive away, I-294 (Tri-State Tollway) one mile east, and I-90 (Jane Addams Memorial Tollway) 2.4 miles south. The 0.58-acre site is situated in Cook County.
Property profile
VerifiedCap rate & NOI
Current use
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Financial Advisor
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Big Box & Wholesale Store
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Counselor
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Engineering Consultant
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Business Management Consultant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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