701 Lee St, Des Plaines, IL 60016-4539
- Office buildings
- 0.53 lot acres
Current Use by Public Records
- ProsperiFi LLC / Financial Advisor
- Ed Bead Supplies / Big Box & Wholesale Store
- Des Plaines Wellness: Kim G. Sherman, MA, LCPC / Counselor
- The Engineering Studio, Inc. / Engineering Consultant
- Safeguard Business Management Solutions / Business Management Consultant
Property Details for 701 Lee St
- Year built
- 1978
- Lot size
- 0.53 lot acres
- Property type
- Office buildings
- APN
- 09-17-419-030
- APU
- 917419030
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 9, 2018 | $8,500,000 | Imperial 701 Lee Street LLC | Trust Number 03-6076 | Grant Deed | — |
| Jun 21, 2004 | — | North,star Tr | — | Deed Of Trust · related | $9M · Thrivent Financial For Luthera |
| May 21, 2003 | — | North,star Tr | 701 Lee LLC | Grant Deed · related | $11.6M · National City Bank Michigan/il |
| Jan 6, 1998 | $5,500,000 | 701 Lee LLC | Us Bank | Grant Deed | $6.5M · Jer Real Estate Partners |
| — | — | Trust 03-6076 | — | Deed Of Trust · related | $7.8M · Thrivent Financial For Luthera |
| — | — | Trust 03-6076 | — | Deed Of Trust · related | $7.8M · Thrivent Financial For Luthera |
| — | — | Trust 03-6076 | — | Loan Modification · related | $7.8M · Thrivent Financial For Luthera |
| — | — | Trust 03-6076 | — | Loan Modification · related | $7.8M · Lee Street Des Plaines 1 LLC |
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $8,500,000
- ML approach
- $8,500,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Des Plaines
- County
- Cook
- State
- Illinois
- Longitude
- -87.8883
- Latitude
- 42.0403
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
